Curbing Auto Insurance Prices
Everyone wants the best auto insurance prices with
the best coverage. Finding the policy you need at a price you can afford can be
tricky, but it is possible.
best way to find exactly what you need is to compare coverage, policies and
quotes. But other factors influence your premiums, too. Let's examine these
issues in more detail.
tickets for aggressive driving, speeding, failure to yield or unsafe lane
changes can really jack up your auto rates. Insurance companies charge higher
rates to drivers with tickets because they are statistically a higher risk. So
practice defensive driving and avoid getting tickets to help keep your auto
insurance costs as low as possible.
you do get a ticket, however, keep track of when the offense happened, and ask
your auto insurer to re-quote your policy when the ticket is removed from your
record. The amount of time this takes will depend on what state you live in.
accident rate also helps determine the price you pay for car insurance. A first
accident may or may not heighten your rates, but it is best, of course, to avoid
accidents altogether whenever possible.
accident trends can also make a difference. More accidents generally mean more
insurance claims, raising your likelihood of higher prices.
than one in four auto accidents in 2003 resulted in bodily injury (BI) claims,
according to a recent study by the Insurance Research Council (IRC). However,
auto accident rates and their severity have decreased overall in recent years,
due to auto safety campaigns and the manufacture of safer cars.
you live in a state where fault factors into the equation and you are at fault
in an accident, your insurance company must not only pay for the injured party's
medical treatment and other accident-related expenses, but also for the pain,
suffering and emotional distress the victim incurs as a result of the accident.
These types of settlements can cause insurance claims to skyrocket, raising
rates in turn.
chances of having an accident increase the more accidents you are involved in.
Therefore, your accident record can greatly influence what you pay for auto
features such as built-in child safety seats, anti-lock brakes, traction control
and airbags greatly reduce the number injured in accidents each year, according
to the Insurance Information Institute (III). And car insurers often give
significant discounts for these safety features, bringing auto insurance prices
overall safety or "crashworthiness" of your vehicle also comes into play here.
Your premiums can vary greatly, based partly on the type of vehicle you drive
and your car's safety rating as measured against other cars on the road.
Therefore, buying or leasing a car with a high safety rating should also be an
belt enforcement programs also help lower the price of car insurance. Statistics
show the more drivers buckle up, the safer they are from injury…and safer
drivers mean fewer claims.
and using anti-theft devices may also result in price discounts. In fact, these
devices may actually lower rates up to 35 percent with apparatuses such as car
alarms and vehicle tracking devices.
are all susceptible to car theft, but some cars are more popular with thieves
than others. The higher the risk of theft associated with your car, the higher
your premiums are likely to be. Take this fact into consideration and find out
your car's risk of theft and the cost of insurance before you buy that new
can keep auto insurance prices at bay and get the coverage and
protection you and your family need. Just do your best to keep tickets,
accidents and thefts to a minimum, drive safely—and let InsureMe do the rest
with up to five competing auto insurance price quotes.