Learn Ways To Find Cheap Car Insurance Quotes
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| cheap car insurance quotes |
Car insurance policy is depended on a number of factors ranging from age, gender, the area where you live, marital status, model and make of the vehicle you are insuring, past driving records, etc. Let us look at how these factors can affect the overall cost of the policy and what we can do to reduce this cost.
First and most important is your driving record. If you have a history a bad driving record, you will have to end up paying more premium then required. The insurance companies weigh the details about your driving record and considering the fact that a bad driving record could result in frequent accidents which will eventually lead to frequent claims. If you have a good driving record you could end up saving more in your premium.
The type of vehicle determines your premium. If you own an SUV or a luxury car, you will have to shell out more money. The logic behind charging you more for luxury cars is that if these cars get damaged, their original parts, repair cost will almost be twice that of normal sedans or hatchbacks. Hence if you want to save on this factor, try going for normal cars.
If you live in urban cities, you have more premium to pay then those in rural cities. As it is found in a research that, those living in urban cities claim more than those in rural cities. Also, the repair costs will be higher in urban cities as well.
The other demographic factors such as age, gender, and marital status are secondary factors. Teen drivers or drivers who have just learned driving are charged more as they have a high-risk factor in terms of collision or accident. In terms of gender, men are usually charged more than women. This is due to research results which show that women drivers are less likely to get themselves in DUI accidents, buy costly cars, etc. Marital status is also one of the secondary factors which are taken into consideration by some insurance companies. It is believed that married people usually have kids in their car, hence they avoid rash driving resulting in less risk factor. Mostly these factors are based on research in a particular country or area and accordingly insurance rates are decided.
Other factors which vary from country to country for insurance are mentioned below.
Your job title affects your insurance cost. The cost may increase based on how frequently you travel for work, how many miles do you cover, if you carry expensive stocks in your car related to your work. Sometimes regional or local insurance companies provide better service at a lower cost than big names in car insurance sector. If you can pay your premium for six months or a year at once, you can ask the company to provide you with certain discounts. Loyal customers also get bonus discounts or rewards. Along with your driving record, keep your credit record also clean. Some insurance company looks for defaulters who are unable to pay Home loans, Premiums for other insurance. This could also be the deciding factor in getting discount car insurance.
There is a usage-based insurance plan too. In these type of plans, the insurance company keeps a check on the driver electronically by installing black box which monitors the driving. They check whether the driver is a safe driver, how many miles does he cover? And how frequently he drives? These statistics decide the premium the driver is going to pay for that insurance. These are especially helpful for young drivers who have no history of driving and have to pay a hefty sum for insurance.
How you take care of your car is also important. If you have a personal garage for your car and you use it for the same, it makes the insurance company believe that you take good care of your car. Even during winters, it saves the car from snow issues. If you park the car on the road, chances are high of theft or vandalism.
There are a number of factors which are considered which vary from country to country and state to state. Overall it is advisable to compare the different auto quotes online and select the ones which suit your requirement without paying for additional policies which you might not need.
Source : http://blog.shopdealio.net/learn-ways-find-cheap-auto-insurance-quotes/
