Very Cheap Car Insurance - It Exists But You Have To Know What To Ask For
by Greg Haehl
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When someone tells you that
they have very cheap car
insurance then you need to
be cautious. What kind of
insurance profile does that
individual have that would
give them the benefit of
very cheap car insurance?
People will often complain
about their car insurance
rates to a friend or
neighbor and too often that
neighbor or friend will
claim that their insurance
is much cheaper. That may be
true for a number of
reasons. We don't all drive
the same cars. We don't have
the same driving records. We
have different ages of
drivers. There are a whole
lot of variables in the
criteria that make up the
car insurance rate. Rating Criteria Credit Reports - Most of the insurance companies use credit as part of the equation when setting rates. Some people do not understand the relationship. Actuaries have come up with the statistics that prove credit to be a significant rating factor. There is a stability factor and relationship to accident frequency that coincides with the credit history. Vehicle Types - This can be kind of tricky. Some newer vehicles actually have better rates than the older vehicles because of all the safety features. Some vehicles have high theft rates. Make sure that you get the vehicle identification number of any new vehicle purchase and give it to your insurance company to obtain your new rate. Rating Territory - You are stuck with this one unless you move to another geographical area. Driver Info - The driving records and ages of your drivers will play a significant part in your rate. Discounts - There are several ways to discount your car insurance. Purchase the home policy with the auto policy to get a multi-policy discount. Good student and drivers training discounts are available to young drivers with some companies. Retirement discounts and discounts for taking a mature driving course are available for senior citizens. The cheaper rate is really up to you. Do your home work and ask your insurance company a lot of questions. About the author: Our recommended quote sites Life Insurance Quote, Auto Insurance Quote, Homeowners Insurance Quote |
