Why Compare Car Insurance Rates?

Why Bother To Compare Auto Insurance Quotes?

Many people are not aware of how auto insurers set their prices. But they are concerned that their monthly bills for coverage are high, and possibly, getting higher. Before you can really lower your own premiums, understand some of the most important variables

The Driver’s Age – As you probably know, teens and young adults will cost more to insure than older drivers if other factors are equal. It can be challenging to find lower car insurance rates for younger drivers.

Location – Just as in real estate, the zip code where the car is parked at night will affect premiums a lot. People in large and busy metro areas will probably pay more than rural drivers.

Claims History – Of course, a long history of accident free driving will help lower rates! A driver’s safety course may help earn a discount to balance out any rate increases.

The Type Of Car – Insurers study statistics about which types of cars are involved in accidents, and the amount of claims for those wrecks. A sedate and safe family car will usually be cheaper to insure than a high horsepower sportscar. And do not assume that large SUVs or pickups are always cheaper or safer. Studies show that the safety of a car is more about the design than the amount of steel that goes into the vehicle.

Some cars seem to be more attractive theft targets than others, and those types of cars may cost more to insure.

Anti-Theft Devices – These matter, especially in theft prone areas or with cars that tend to be attractive to those who steal cars. An anti-theft device can earn an auto insurance discount!

Safety Features – Safety features can earn discounts too. Insurers want to encourage their clients to take measures that will prevent loss and damages, and they do that by giving a lower rate to people who drive cars that have been made safer.

Green Cars – Some top insurers are actually starting to lower rates for purchases of energy efficient cars. It isn’t that these type of cars are safer, but insurers believe that the type of people who go out of their way to buy more ecologically sound vehicles will be less likely to be involved in accidents.

Credit Scores – This may seem totally unfair. A great driver who has a long record of accident free driving can still suffer because their credit report is not good. Insurers contend that their statisticcs show that people with better credit also tend to make less accident claims. Not all insurers do this, so if credit is a problem for you, it might be good to shop around.

Multiple Policy Car Insurance Discounts – If you also own a home, or if you need to insure more than one vehicle, look into discounts that insurers offer to gain more business.

So How Can You Compare Insurance Quotes?

It will take forever to contact multiple insurers to find out how much they will charge. We think that internet auto insurance quote forms that allow you to enter your basic information one time, and then return competitive prices in your local area, can save almost everybody a lot of time and money!