Car insurance is needed only after you have bought a vehicle. But you should know that insurance companies divide car models into different groups. There are nearly 20 car groupings in the car insurance business. The premium you pay depends on the group your car belongs to. So if you car belongs to the group rated for high premiums, you pay higher premiums. That's why before buying a car, compare car insurance rates. It will help you get lowest car insurance rates later on.
Take into account that insurance companies also divide areas into groups: high risk, medium risk, low risk and no risk areas. High risk areas are those that have a high level of car theft, vandalism and violence. If you are willing to lower insurance rates, choose a peaceful neighborhood. Get several free non-obligatory quotes and compare the returned quotes. You will be impressed how much you are able to save on the place of residence and the place of your work as well.
The deductible doesn't come last in reducing the cost of car insurance. Deductibles vary with every offered form of insurance coverage. For many people, raising the deductible is an excellent way to save money. Before raising the deductible compare your monthly savings with the money you would pay in case of a possible accident. It is one of the factors that requires perfect consideration.
Car insurance companies pay attention to your credit history. Statistics show that people with good credit records have fewer accidents and are less risky for car insurance companies. People who maintain a good credit history are most likely to get lower insurance rates.
Some companies offer group car insurance policies to large companies and organizations. There are discounts for those who buy home and car policies from the same company.
Car insurance companies base their insurance rates on the risk factor. A clean driving record is the best way to reduce premiums. Under a clean driving record insurance companies understand no accidents, drunk driving convictions or moving violations (although, some companies can forgive past accidents after a period of time - from 2 to 5 years).
The company may increase your insurance rate even if you have had several no-fault accidents. Several no-fault accidents mean that there is something wrong with your driving. Safety features decrease the risk and as a result the company can give you lower insurance rates (e.g. anti-lock brakes, automatic seatbelts, anti-theft devices, car alarms, air bags, etc.). Using a garage for keeping your car is also considered a safety feature.
No wonder you'll have to spend a lot of time to find the best car insurance rate. Larger and more reliable companies offer, as a rule, more favourable conditions and more discounts.
Take into account that insurance companies also divide areas into groups: high risk, medium risk, low risk and no risk areas. High risk areas are those that have a high level of car theft, vandalism and violence. If you are willing to lower insurance rates, choose a peaceful neighborhood. Get several free non-obligatory quotes and compare the returned quotes. You will be impressed how much you are able to save on the place of residence and the place of your work as well.
The deductible doesn't come last in reducing the cost of car insurance. Deductibles vary with every offered form of insurance coverage. For many people, raising the deductible is an excellent way to save money. Before raising the deductible compare your monthly savings with the money you would pay in case of a possible accident. It is one of the factors that requires perfect consideration.
Car insurance companies pay attention to your credit history. Statistics show that people with good credit records have fewer accidents and are less risky for car insurance companies. People who maintain a good credit history are most likely to get lower insurance rates.
Some companies offer group car insurance policies to large companies and organizations. There are discounts for those who buy home and car policies from the same company.
Car insurance companies base their insurance rates on the risk factor. A clean driving record is the best way to reduce premiums. Under a clean driving record insurance companies understand no accidents, drunk driving convictions or moving violations (although, some companies can forgive past accidents after a period of time - from 2 to 5 years).
The company may increase your insurance rate even if you have had several no-fault accidents. Several no-fault accidents mean that there is something wrong with your driving. Safety features decrease the risk and as a result the company can give you lower insurance rates (e.g. anti-lock brakes, automatic seatbelts, anti-theft devices, car alarms, air bags, etc.). Using a garage for keeping your car is also considered a safety feature.
No wonder you'll have to spend a lot of time to find the best car insurance rate. Larger and more reliable companies offer, as a rule, more favourable conditions and more discounts.
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