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| How Your Car Insurance Quote Is Calculated & Affordable Auto Insurance - How to Get It |
| Friday, December 26, 2008 |
How Your Car Insurance Quote Is Calculated
Affordable Auto Insurance - How to Get It
There are a number of factors that determine how much your insurance will cost you.
Thanks to increasing accident rates and rising repair costs, auto insurance costs are going through the roof. These include:
The car's value and insurance category - Insurance companies place vehicles in different categories depending on their value and performance. But you can still get affordable auto insurance from a reputable company. The categories range from Group 1 to Group 20. Here's how . The higher the group number, the higher the price for your car insurance..
Postcode - Where you live can impact greatly on the amount you pay.. If you live in a city environment then you can expect to pay a lot more than those who live in a rural setting.
Comparison Shop
Because insurance rates vary so much between companies, comparison shopping can save you hundred of dollars a year on your insurance premium. Adding additional security measures such as alarms and immobilizers to the vehicle can help reduce the cost.
The first thing you need to do on your quest for affordable auto insurance is to visit an insurance comparison website.
Claims History - Building up a large no claims history proves to the car insurance companies that you are of low risk. There you can get auto insurance quotes from multiple top-rated companies. Different insurers operate their no-claims bonuses in different ways.
All you have to do at these sites is fill out a simple questionnaire with your insurance information and the amount of insurance you want, wait for your quotes, then choose the company with the most affordable quote. A typical example would be a 30% discount after a years driving without making a claim.
If you're confused about auto insurance, or need some answers, the best insurance comparison sites allow you to talk with an insurance expert through an online chat service or by telephone. If you build up to five years no-claims then you could save up to 65%. (See link below.
Age and experience - Drivers under the age of 25 or newly qualified drivers are seen as high insurance risks.)
Consolidate Your Policies
Most insurance companies will give you a 10 to 15 percent discount if you place your homeowners or renters insurance and your auto insurance with them. Age and experience plays a big part in how much your insurance costs you, so the older you are and the more experience you have then the less you will have to pay.
Raise Your Deductible
Raising your deductible (the amount you pay on a claim before your insurance company will pay) can drastically reduce your insurance premium.
Occupation - Your occupation can affect car insurance premium. For example, raising it from $250 to $1,000 can decrease you insurance premium by up to 50 percent. If you are a celebrity or you're in the entertainment business then this makes you a higher risk than, for example, a teacher.
Get All the Discounts You Can
Insurance companies offer all kinds of discounts. These include:
* Good driver discount for being accident free for 3 to 5 years.
* Safe auto discount for have safety features such as auto alarms, anti-theft devices, air bags, and anti-lock brakes.
* Senior discount for drivers over the age of 50.
* Low mileage discount if you drive less than the average driver.
* Drivers training discount if you take a drivers education or defensive driving course.
* Good student discount if you're a student and maintain a high grade average.
* Occupational discounts to professionals such as engineers, scientists, teachers, police officers, and military personnel.
* Internet discount if you purchase your auto insurance policy online.
Be sure to ask your insurance provider about all the discounts that are available to you and include them in your policy.
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posted by najimogeyjo15905 @ 3:17 AM  |
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