It is hard to understand why people do not comparison shop as they should when they are seeking a good car insurance rate. The insurance companies take many factors into account when they determine how much to charge you, and based on those factors, you will likely pay a different rate than someone else with the same model, make, and year of vehicle.
One of the most important factors that will determine your rate is your credit rating. Insurance companies first look for someone that is going to pay their bills promptly. Most insurance companies take bad credit very seriously and often times will not even write a policy to someone with bad credit. So before you start calling around, get copies of your credit reports and clean up any old items that may be listed on it.
Obviously your driving record will have a significant impact on your rate quote. If you have any moving violations in the past 3-5 years, your rates will almost certainly be higher. This also applies to anyone you have listed on your policy who will also be driving your car, like your spouse or kids.
Another major factor is the age of the drivers of the car. If you have drivers of the car who are under age 25 or over age 70, you will pay a higher rate. Remember, the insurance companies base much of their rates on statistics, and these two groups have statistically shown to have more accidents and claims from a historical standpoint.
Interestingly enough, the drivers gender also is factored in. Frequently a female driver will get a better rate quote than a male driver because, statistically, they tend to be safer drivers. But like anything else, this trend is not proving to be as true as it was just a few years ago, so this criterion may be dropped in the near future.
Married drivers will almost always get a lower rate quote since the statistics show that married people are more responsible than their single counterparts. You may know married people and could dispute that, but that is what the records show. Also, married people tend, as a group, to be more responsible with driving as well as paying their bills on time.
There are some discounts that can also be used to obtain a lower car insurance rate. Insurance companies will sometimes give you a lower rate if you combine other insurances with your car insurance. For example, if you are a homeowner you may get a break on both your car insurance and your homeowners insurance if the same company writes both policies.
So when you are looking to find the best car insurance rate available make sure that you understand what factors you have in your favor and which ones may work against you. If the rate seems high, ask the person giving you the quote if there is anything you can do to lower the rate. Many insurance companies will give you up to a 10% discount if you take and pass a driver's improvement course.
One of the most important factors that will determine your rate is your credit rating. Insurance companies first look for someone that is going to pay their bills promptly. Most insurance companies take bad credit very seriously and often times will not even write a policy to someone with bad credit. So before you start calling around, get copies of your credit reports and clean up any old items that may be listed on it.
Obviously your driving record will have a significant impact on your rate quote. If you have any moving violations in the past 3-5 years, your rates will almost certainly be higher. This also applies to anyone you have listed on your policy who will also be driving your car, like your spouse or kids.
Another major factor is the age of the drivers of the car. If you have drivers of the car who are under age 25 or over age 70, you will pay a higher rate. Remember, the insurance companies base much of their rates on statistics, and these two groups have statistically shown to have more accidents and claims from a historical standpoint.
Interestingly enough, the drivers gender also is factored in. Frequently a female driver will get a better rate quote than a male driver because, statistically, they tend to be safer drivers. But like anything else, this trend is not proving to be as true as it was just a few years ago, so this criterion may be dropped in the near future.
Married drivers will almost always get a lower rate quote since the statistics show that married people are more responsible than their single counterparts. You may know married people and could dispute that, but that is what the records show. Also, married people tend, as a group, to be more responsible with driving as well as paying their bills on time.
There are some discounts that can also be used to obtain a lower car insurance rate. Insurance companies will sometimes give you a lower rate if you combine other insurances with your car insurance. For example, if you are a homeowner you may get a break on both your car insurance and your homeowners insurance if the same company writes both policies.
So when you are looking to find the best car insurance rate available make sure that you understand what factors you have in your favor and which ones may work against you. If the rate seems high, ask the person giving you the quote if there is anything you can do to lower the rate. Many insurance companies will give you up to a 10% discount if you take and pass a driver's improvement course.
About the Author:
For more insights and additional information about getting the lowest Car Insurance Rate as well as getting a free car insurance rate quote online, please visit our web site at http://www.tips-for-car-insurance.com Don't reprint this exact article. Instead, reprint a free unique content version of this same article.
No comments:
Post a Comment