Our new customers report average savings of $300 on car insurance! Click here!
Click here to get a free auto insurance quote.
Free Quotes from Hundreds of Companies will you INSURE YOU the Lowest Auto Insurance Rates!
Please bookmark us for new offers!
Auto Zone Auto Loan Auto Financing Auto Links
(UK Offer) Its4me Motor Insurance
|
The #1 Rated Insurance Provider
Click for your Free Online Quote today!!! Click here to get a free
auto insurance quote.
PROTECT YOUR FAMILY’S FUTURE and Save up to 70%!!
Nationwide makes buying auto insurance easy and affordable. Get free on line real-time quotes and choose from multiple top-rated insurance companies. Finally, auto insurance made simple!Click here for your Free Auto Insurance Quote today!!!
|
get a second quote here and compare!
Auto Insurance Pricing
Rating factors govern what you pay for auto insurance.
Rating factors are characteristics about you that place you in a group of drivers with similar risk-related characteristics. Companies set a rate for each group based on the claims paid for the people in that group. The higher the losses for a specific group, the higher the rates for that group.
Some rating factors are completely beyond your control (e.g. age and gender). Some are difficult to control due to lifestyle choices (e.g. residence location and vehicle usage). Other rating factors are completely within your control (e.g. driving record and type of vehicle insured).
Auto Insurance Rating Factors
These rating factors will affect the price you pay for auto insurance:
Driving Record - claims and traffic violations for the past 3 - 5 years for any driver who will be covered by the policy. Drivers with previous claims or violations may pay higher premiums than those with good driving records.
Age, Sex and Marital Status - statistics show that males still have more accidents than females, teenagers are more likely to have accidents than adults and single people have more accidents than married people. The higher the risk, the higher the premiums.
Location - since heavily populated cities have more traffic, thefts and vandalism, drivers in these areas may pay higher premiums than groups in rural areas.
Type of Vehicle and Vehicle Use - some vehicles cost more to insure because of higher claims frequency and/or higher repair costs.
Discounts That May Be Available
Multiple Vehicles - given when all vehicles in your household are insured by the same company.
Defensive Driver - given to drivers over age 55 who have passed an approved defensive driving course.
Safety Devices - given for items such as air bags, automatic seat belts and anti-lock brakes.
Anti-theft Devices - given on your comprehensive coverage for devices that deter theft or vandalism.
Good Student - given for young drivers who maintain a B average or better.
Good Driver - given to policyholders who maintain good driving records.
Auto/Home Packages - given if you buy your auto and homeowners policies from the same company.
Ways To Lower Your Auto Insurance Costs
Maintain a Good Driving Record - moving violations and accidents usually result in higher premiums. Be a law-abiding and defensive driver.
Take the Highest Deductible You Can Afford - insurance is meant to protect you from the financial consequences of major losses. By raising your deductibles, you may be able to significantly lower the price for physical damage coverage, but you will pay more out of pocket each time you have a claim.
Choose Your Vehicle Carefully - some vehicles are more costly to insure than others. Contact your agent or company before you make a final decision.
Consider the Age/Condition of Your Vehicle - physical damage coverages may not be cost efficient for older vehicles. If you do not have a loan on the vehicle, you may want to consider dropping these coverages.
Ask About Discounts - the type and amount of discounts offered vary by company.
Getting Auto Insurance Price Quotes
Auto insurance is a major expense. You should shop around for the best product at the best price. However, if you have established a long-term, claims-free record with a company, you may want to consider that relationship before switching to another company whose rates are lower.
When comparing prices among companies, be sure to compare the same coverages, and ask about the types and amounts of discounts offered.
A rate quote from an insurance agent is only an estimate of what the insurance will cost. If the agent quotes the premium incorrectly, the correct amount figured by the insurance company is the price you will actually be required to pay. Therefore, before you switch, ask the new agent to submit a non-bound application for you.
With a non-bound application, there is no coverage and you pay no money. The agent submits the application to the company and the company will advise whether or not you will be accepted and at what price. This way, you can be sure of the price and whether you are accepted by the new company before you cancel your current policy.
|
Click here to get a free auto insurance quote. Click here to get a free health insurance quote.
Click here to get a free life insurance quote. Click here to get a free home insurance quote.
|
