Top Five Factors for The Cheapest Car Insurance
 |
| the cheapest car insurance |
Educating ourselves about car insurance’s essential pricing factors will enable us to come up with great decisions. It will also lead us to the car insurance we always wanted. However, it takes time to go over all the offers available online. Patience is a must to find the best but affordable car insurance.
Good thing this website shares the top five auto insurance pricing factors that most car companies will reluctantly inform you:
1. Gender Wonder. Feminists won’t give a fuss on this but men will surely do. MSN Money data shows that women pay 12% less than men do. The reason behind this is the idea that men drive more aggressively than women. Males, who are often risk-takers and adventure seekers, often call for more claims than peace-loving females.
2. Education Edge. “If only I listened to my parents….” You could probably utter these words once you learn that people with a bachelor’s degree pay lesser than those who have a high school diploma. How much cheaper it will be if you have two doctor’s degree?
3. Credit History. We cannot stop to worry whenever we hear ‘credit history.’ It is no longer new to fail in paying the mortgage with the current condition of our economy. This results in a bad credit history. Cheap car insurance opportunity will then be affected by this awful credit record. We cannot do anything about it unless you are from California where basing car insurance rate on credit history is illegal.
4. Location in Motion. Cheap car insurance claim also depends on where you live. MSN Money gave an example about this. Louisiana has the highest premium in the US. So, if you move from Louisiana to North Carolina, you may save around $1,500 a year.
5. The Older the Better. Premiums for twenty-five-year-old adults stay the same until the next 30 years. Cheap car insurance option, on the other hand, is not available for people at the age of 18. This is the time when you pay the highest premiums. The premium will only decline until you reach the age of 25.
Insurers do not conceal these factors from you but they won’t tell you voluntarily either. Hence, getting cheap car insurance does not only require knowing what is good but knowing what we really need.
