Posts Tagged ‘auto insurance prices’

Five Auto Insurance Provider Secrets

Monday, June 11th, 2012

It’s not immediately clear how one’s auto insurance bill comes together. Just as Google rates websites, your auto insurance rate is a complex concoction of algorithms used to calculate your value. Most of the time, carriers are just hoping to break even on your premium payments. Ideally, you’d put as much money in as you’d ever need to cover the cost of an accident. So insurers are trying to keep prices competitively low, without putting them in debt. Here are five things you may not know about auto insurance pricing.

1. Women Pay Less.

If you’re a woman, you will (on average) pay about 12 percent less. This means that men will pay an extra $15,000 on auto insurance over the course of a lifetime.

2. College Grads Pay Less.

You will pay the most if you have a high school diploma or less. Rates improve with each successive degree.

3. Your Credit Score Matters More Than You Thought.

One of the biggest factors of your financial responsibility is your credit score. If you have a low score, expect to pay a higher premium.

4. Location Affects Your Rate.

On one hand, Louisiana has the nation’s highest premiums. A move to North Carolina would say drivers $1,500 a year in auto insurance. Similarly, moving from Washington D.C. across the river to Virginia will save $50 a month.

5. The Old and Young Pay The Most.

Statistically speaking, you’re more likely to crash if you’re old or young. Premiums peak from 18-25 and again from 55-75.

Actually, the best thing you can do to keep your auto insurance rate low is spend some time shopping around periodically to see how much you can save! Try our free online auto quote system today! There is no cost and no obligation.

auto insurance rates


What to Consider Before Buying Coverage from the Cheapest Liability Auto Insurance Company

Tuesday, September 13th, 2011

Buying a policy from the auto insurance company offering the cheapest rates for liability coverage may be tempting to consumers, but this may not be the best choice. An inexpensive policy which does not provide a good level of coverage is not a bargain if an accident occurs. Price is an important consideration when buying coverage, but it should not be the only factor that a buyer looks at before making a decision.

A better approach to buying auto insurance liability coverage is to start by looking at how much coverage is needed. Once an insurance buyer knows how much protection he or she is looking for, the process of finding a policy becomes much easier. The customer can get targeted quotes for coverage; once they have been received, he or she can choose the company which can offer the best combination of affordable rates and a good level of protection.

Rather than buying a policy from the cheapest liability auto insurance company, a much better choice is for drivers is to consider other ways to keep coverage costs down. For example, a consumer can ask about available discounts or how increasing the policy deductible will lower the premium rates for coverage. Using these strategies can help a car insurance buyer save on the cost of coverage without having to resort to buying substandard insurance.







Online Auto Insurance Quotes Washington

Tuesday, July 13th, 2010

Washington auto insurance buyers can turn to online quotes to shop around for their car insurance coverage. Why use this method to find the coverage you need? It’s quick and convenient, for one thing. Another advantage to going online to look for car insurance is that customers can shop for coverage at any time that is convenient for them.

Many of us have gotten used to shopping for items and even services online. Looking at online quotes for auto insurance is the next logical step. Consumers like the fact they have a larger selection of providers to choose from when they shop online. Looking for car insurance coverage in this way is no different.

A few clicks of the mouse is all it takes for Washington residents to get quotes from several companies who want to do business with them. Once received, the quotes should be reviewed in detail. A company may be offering a lower rate, which is certainly attractive at first glance, but the level of coverage may not be as good as with an insurer who charges more but provides better protection.

Before agreeing to buy insurance coverage after receiving a quote over the Internet, customers should be sure to ask about any discounts they may be entitled to. Most companies offer preferred pricing for a variety of circumstances that customers can take advantage of.

Washington Car Insurance for Teens

Wednesday, July 7th, 2010

Teen drivers tend to pay more for their car insurance coverage. Since they are new to being behind the wheel, teens are more likely to be involved in car accident. Teenage boys as a group are responsible for a large number of accidents, and the amount they are asked to pay for coverage can be quite high.

Despite the fact that car insurance for teens can be expensive, there are some things you can do to try to keep costs down. One solution you may want to consider is adding your teen to your insurance policy instead of having him or her try to get a separate policy. Do approach your current insurance provider to find out how much it would cost to do this.

A change to your personal situation, such as wanting to add another driver to your policy, is a good time to shop around to make sure you are getting the best rate for your coverage. Going online to get quotes from several insurance companies will let you know whether you should stay with your current insurance provider or if it’s time to move on to a different company that can give you better rates for the coverage you need.

The best time to start looking for car insurance quotes is a couple of months before your current policy expires. That gives you time to consider your options, make a decision, arrange for a new policy and cancel the old one if that’s what you decide to do.

Nevada Car Insurance Discounts

Monday, July 5th, 2010

No one wants to pay more than they have to for their Nevada car insurance coverage, and companies do offer discounts to customers who meet certain criteria. If you are a member of a professional or trade association, for example, you may be entitled to a lower price for your auto insurance coverage. To find out whether you qualify for this type of discount, contact the group’s administration to find out if it has made arrangements with a specific insurance company for preferred pricing for its members.

One of the best things you can do to qualify for a discount on your car insurance is to take a driver education course. Even if you have had your license for some time, taking a defensive driving course can help to give you a refresher and point out where you may have developed some bad driving habits along the way.

The make and model of car you drive can have a bearing on how much you get charged for your car insurance as well. Some vehicles, because they cost more to repair or are more likely to be targeted by thieves, are more expensive to insure. If you are thinking about buying a new car, check with your insurance company to find out whether the one you had in mind will cost you more money to cover.

Average Cost of Auto Insurance in Arizona

Thursday, July 1st, 2010

The average cost of auto insurance in AZ for 2010 is $1,470. This figure is below the national average, which comes in at $1,578. Car insurance rates in this state are coming down, which is good news for consumers; the rate for 2010 is 17 percent lower than the average cost of coverage in 2009.

Simply because the auto insurance rates are falling, it doesn’t mean that all drivers in the state are paying lower rates for their coverage. Car insurance premiums are based on the level of risk that individual drivers present. If the insurance company determines that you are more likely to make a claim on your policy, you will be charged a higher rate for your coverage than a person who is deemed less risky to insure.

Each car insurance provider has its own set of criteria to decide level of risk. The price for a similar level of coverage can vary greatly between providers. The key to getting the best combination of good coverage levels and affordable pricing is to shop around for coverage.

Since rates are currently on a downward trend, now is a great time to get free online quotes for your car insurance coverage. If your policy is up for renewal, taking some time to consider other options may end up saving you money.

Driving Without Car Insurance in Arizona

Wednesday, June 30th, 2010

Drivers in AZ must have insurance in place or face consequences. A police officer will likely ask to see proof of insurance as a matter of course during a traffic stop. You will definitely be asked to produce your insurance card if you have been involved in an accident.

If your policy lapses for any reason, your car insurance company will notify the Department of Motor Vehicles (DMV). They are regularly in touch with this agency to share information about policy cancellations and non-renewals. If you change insurance companies or are a new driver who obtains a new policy, this information is also shared with the DMV.

When an insurance company notifies the DMV that a driver does not have insurance coverage in place, a notice asking him or her to verify the status of their insurance is mailed out. Failure to have insurance coverage in place may mean suspension of the driver’s license and car registration.

If your driver’s license and car registration are suspended because of lack of insurance, you will need to get an SR22 form from your insurance company. This is a contract stating that you will have insurance in place continuously during its term. In most cases, an SR22 must be in place for three years. Not all insurance companies are willing to issue an SR22, and you will be paying more for your coverage if you are required to obtain one.

Dealing with Subrogation and Car Insurance

Thursday, June 24th, 2010

Many drivers have a tendency to treat the subject of subrogation with an element of caution when dealing with their auto insurance policies. Effectively, subrogation offers the insurance company a chance to recoup their money if certain issues are found during a claim so by being aware of the instances where charges may be applied, motorists can relax a little when the issue of subrogation arises.

Subrogation will often be applied when a motorist is deemed to be at fault in an accident although issues will most likely arise if a driver has been excessively reckless behind the wheel. If a motorist feels that subrogation could become an issue, it is highly advised that detailed information regarding the accident is collected. As well as providing information about all drivers involved in the accident and their relevant insurance details, it is also recommended that photographs, police reports, drawings and weather conditions are provided.

Subrogation may also apply if a motorist is only involved in a minor incident. If the costs of repair fall below the deductible figure set when the policy was first taken out, the driver will be expected to cover the full costs of the repair bill.

When an insurance company opts to cover their costs through subrogation, they may opt to cover their outlay through a third party insurer if another driver was deemed to be at fault in an accident. Because of this, it is highly important that motorists retain details regarding the insurance details and vehicle registrations of any other road users involved in the incident.