Car
Insurance Coverage
Car
insurance companies use a system of ratings to determine the cost of
the comprehensive and collision pars (car insurance coverage)
of the insurance policy. Of course, the higher rating symbol, the
higher the cost of your car insurance.
More
often than not you will find that the cars that we like to drive....
insurance companies don't like to insure.
Luxury and high
performance cars lead the list of high automobile insurance
premiums, but in addition to that, costs can be run up for cars that
are expensive to repair, cars that don't hold up well in accidents,
and even cars that are more likely to be stolen.
As
I mentioned earlier, it is very important that you shop you car
insurance around on at least an annual basis. I think you'll find
that the rates you are quoted can vary greatly from company to
company. Any type of car insurance, however, is based upon where you
and your car fall into the mix of statistics.
You
know, really, the bottom line is that the vehicle insurance company
is betting the premium they charge against the likelihood of you
filing a claim against the policy. So, depending upon the past
experience of the insurance company, this will be a large
determinant as to the price of the premium to their policy holders.
All
of this is to say that the rates for the same driver on the same car
can vary by significant amounts from one company to the next.
As you
shop around, check all the various major firms within the industry,
and also check the independent car insurance agencies as well. Be
sure to take thorough notes on all of the rate quotes that you
gather and make sure you are quoted like coverage's and using the
same deductible amounts on each....... the old apples to apples
theory.
Also,
as you are doing your automobile insurance costs research be sure to
inquire about any discounts or safe driver incentives the companies
may offer which could include:
-
Low annual
mileage
-
Safety and
anti-theft devices
-
Anti-locking
brakes (most all vehicles carry this)
-
Good driver
discounts
-
Multi-car
discounts
-
Completion
of driver training courses
-
Non-smoker
discounts
-
Auto and
homeowner insurance with the same company
After
you have purchased your auto insurance it is imperative that you
keep your driving record on the clean side. No other single factor
is as important in controlling the cost of your car insurance.
Stay a stranger to your insurance company in terms of filing claims.
Don't involve your insurance company in minor dents and dings and
scratches even if you could collect beyond the deductible. The more
you involve your insurance company for minor issues the higher your
premium will go.
If
you own a business, check into putting your car under your business
policy. It may be possible to have your car covered at a business
rate instead of a personal rate and maybe save you some money.
Being
married even has a positive effect on the cost of your car
insurance. Most insurance companies put married couples into a lower
risk bracket.
See Also
Car Insurance - Getting
It Right
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