Tips on How to Get the Best Car Insurance Quotes

In most countries it is compulsory for car owners to get insurance for their vehicle. The law does not differentiate between the make and model of the car owned. Even if you have a car that has little or no salvage value, you are required by law to get your car insured. However, if the car you own is old and does not have resale value, you can get the minimum possible insurance cover. When insuring these vehicles, your goal must be to get the cheapest insurance deal.

When you approach an insurance company, they will ask you for the make and model of the car. Most insurance companies will have a general base rate for each model of car. The premium that you pay will depend on the general base rate of your model. The insurance company will then ask for your pin code. This will help them decide the country that you live in. If you live in area that has a high crime rate, you will be asked to pay higher premiums to insure your car.

Another factor that has an impact on the premium is the age of the driver. If the person driving the vehicle is less than 25 years old, the premium that you pay rises. This high premium is based on the premise that young drivers are more likely to meet with an accident. Since the risk of insuring young drivers is high, insurance companies charge higher premiums to insure cars driven by young drivers.

Installing safety devices, such as burglar alarms, in your car will help you in reducing your insurance premium. Cars that have these safety devices are difficult to steal. This reduces the risk of the insurance companies and that is reflected in the premium charged by them. If you have a GPS tracking device installed in your car, mention it when getting an insurance policy. This will help you get a discount when taking out a car insurance policy.

The place where you park your car will also have an impact on the premium that you pay. Most insurance companies will give you good discounts if your car is parked in a locked garage. If you are unable to find a locked garage, you can still get a discount by parking the car on your property that has locked gates. Make sure you provide the insurance company with correct details. If you provide them with wrong information, the insurance company may not honour your claim.

You can also use the internet to get details of premiums charged by insurance companies. Most well-known insurance providers have their own websites that help people get car insurance quotes. You can also get help from comparison sites to get details of the premiums charged by the insurance companies. These websites save you from the trouble of visiting the websites of car insurance companies individually.

So next time you get insurance for your car, make sure you have all the details that will help you get the best car insurance quotes. It is important that you answer all the questions asked by the insurance company honestly. If the insurance company finds that you have misled them, they may refuse to process your claims.

Car Insurance for Your Teen Driver

The day you’ve been dreading is here. Your child has just turned 16 and for some unfathomable reason, the DMV has seen it fit to give him/her a driver’s permit. Not only do you have to buy him/her a car that s/he will now proceed to systematically demolish, but you also have to spring for car insurance. If the astronomical auto insurance quotes you’ve received are any indication, the insurance companies share your trepidation about his/her ability to navigate the roads without destroying everything in his/her path. But don’t worry, we’re here to help. This article will give you a few pointers on getting car insurance for your teenager.

The ‘New’ Car

It may seem like buying a cheap, old, Archie Comics style jalopy will save you money. Wrong. You would actually lose big bucks in the long run. A run-down car will need more repairs, more maintenance, and most likely will cost more to insure for specifically these reasons. At the same time, buying your little hoodlum a beautiful, growling sports car isn’t the solution either because the insurance company will slap on a premium that will leave your head reeling. The smartest decision is to buy a used car that doesn’t have too many years on it and is in good shape. Since the collision damage, the cost of repairs, and the likelihood of theft are significantly lower for used cars, you will be able to find cheap auto insurance quotes.

Auto Insurance Coverage

Teen drivers between the ages of 15 and 17 cause approximately $34 billion annually in damages, medical expenses, loss of life, and property, as asserted by the American-Automobile Association. Now, while it may be tempting to skimp on auto insurance coverage and opt for the required minimum, you may want to keep this statistic in mind. Without adequate auto insurance coverage, you might find yourself stuck in a position where you have to pay obscene sums of money to pay for medical bills and damages to property.

To add or not to add

You’re probably wondering if you should add your teenage driver to your own insurance policy. Well, this is debatable. You’ll have to measure the benefits of each according to your specific situation and insurance company.

But here are a few pros and cons to help you make that call

 

  • Pros: If your teen is added to your policy, s/he can avail of the discounts and privileges you enjoy. Also, compared to the premiums s/he would have to pay on his/her own, this might just work out to be cheaper.
  • Cons: Your own premiums rise by having a teen driver on your policy. Also, any claims, accidents or misdemeanors s/he makes will reflect on your auto insurance record and influence future premiums. Also, if your teenager had his/her own policy and miraculously turns out to be a decent driver, s/he’ll be accumulating good driver’s credit.

 

Affordable auto insurance

We saved the best for last. Your teen can actually enjoy affordable car insurance without compromising on coverage or quality! Care to find out how? Read the tips below:

 

  • Driver training credit – Some auto insurance companies offer drivers below the age of 21 a discount for completing a driver’s training course. This course also leads to your child becoming a better driver, which leads to fewer accidents, transgressions and claims, which leads to a clean driving record which leads us right back to the best car insurance rates s/he can possibly get!
  • Good student discount – Need another reason to wish your child had inherited your intelligence? Here it is. Many auto insurance companies often offer discounts to students below the age of 25 who have an average of B+ or above. One way to turn this to your advantage is promising your teen that you give him the discount/money saved every time he qualifies for the good student discount on car insurance. Win-win, right?
  • Safety first – Who says insurance companies are soulless, uncaring corporations? Good car insurance companies will pay you to stay alive and stay safe. Installing air-bags or buying cars that fall into the safe-car category will get your teenager a discount from several auto insurance companies.
  • Protect what’s yours – A car with anti-theft devices will get you yet another discount! Well, from some auto insurance companies. Hopefully yours is one of them. If not maybe it’s time to start looking at car insurance quotes from companies that offer this service.

 

Undoubtedly there’s a lot to be stressed out about when raising teenagers. You have to worry about their college education, about the opposite sex, about the funny smell coming from their rooms-oh the list is endless. But hopefully this article has alleviated your fears and concerns about your teenager’s auto insurance, leaving you with one less thing to worry about!

Car Insurance Rates – Can You Lower Them?

Car insurance rates are prohibitive nowadays. Many families really struggle to pay the car insurance bill each month. And car insurance rates vary all the time. So if car insurance cost is an issue for you, what can you do about it?

The car insurance industry is a massive industry. It is also a highly competitive one, and car insurance rates vary over time as car insurance companies compete for business. Car insurance rates are often highly fluid.

It is entirely possible to lower the cost of your auto insurance rates by altering your behaviour, and you can do this by having a better understanding of how the rates are assessed.

Car insurance rates are based on an assessment of risk. Whilst insurance companies vary their rates to compete with other insurance companies, they also vary their rates based on their assessment of the risk posed by a particular driver driving a particular car. They do this because there is no point in buying business with low car insurance rates and then insuring high risk drivers at these rates. This is a recipe for losing money.

So, if you lower your risk, you lower your car insurance. How do you
lower your risk? Well there’s a number of ways that your own driving and car behaviour can affect your car insurance rates.

Have a look at the car you drive. Is it suitable for your current needs? If not then would it be worthwhile to consider a change?

Different cars attract different auto insurance rates. Sports cars, high powered cars and cars at greater risk of theft attract higher rates. How long have you had your car and would it be wise to think about another one that would be cheaper to insure and more useful to you?

Are you a safe driver? Do you stick to the speed limit? Are you at risk of other driving offences? Many people do not think about some of the consequences of speeding tickets and driving offences until after they have seen their subsequent car insurance bill.

Your risk profile is a direct result of your driving record. A clean driving record and you will be rewarded by cheaper rates. A poor driving record and you will be penalised, usually for quite a while.

Are you willing to attend driver training courses? Many car insurance companies offer specific discounts for drivers who have attended a course. Why? Lower risk.

Are you willing to drive less? Could you car pool or use public transport to get to work? Car insurance companies look at the amount of driving their clients do when assessing their car insurance rates. Why? Lower risk. Less miles driven equals less risk. And you’ll save on other car costs too.

So if auto insurance costs are an issue for you and your family there are things you can do. These are just a few of those things, there are many more. Car insurance rates are not set in stone.