Car Insurance Rates

Car Insurance RatesCar insurance is not an optional form of coverage. No matter what state you live in, the law requires you to always carry at least liability insurance. Each state varies in the specific requirements. There is also comprehensive insurance, collision coverage and supplemental policy additions that are optional. You’ll find a wealth of detailed information about various types of auto insurance on this site.

Many people don’t know exactly how insurance rates are affected. Car insurance rates are affected by several factors. Past tickets on your driving record will make your insurance premium higher than it would be without the tickets. If you’re under the age of 25, expect to pay more than adults over that age. Although this seems unfair, it isn’t discrimination. From the perspective of the insurance company, drivers without ample experience are a higher statistical risk. Some companies specialize in young drivers insurance, offering affordable rates to safe drivers under the age of 25. Past DUIs, DWIs or occurrences of driving without valid insurance also make rates higher. The engine type, age and model of vehicle also play an important role in determining your insurance premium.

Although negative factors play a key role, positive factors also have their place. Maintaining a ticket-free driving record earns you a discount for safe driving. If you’re a student enrolled in an eligible school or college, good student discounts are usually available if you maintain a high GPA. Some companies also offer loyalty discounts to long-term policyholders. This allows you to enjoy lower car insurance rates.

Most people think there aren’t many ways to save on auto coverage. Saving money on car insurance is possible by following a few helpful tips. Choose a higher deductible to enjoy cheap car insurance rates. To avoid having to pay that deductible, practice safe driving. Optimize your driving skills by taking a driver’s training course. If you have vehicles you never drive, don’t add them to the policy. Always carry some form of auto insurance. When you go for extended periods of time without any coverage, you’ll have higher rates when you buy a new policy. Try to minimize your driving. Some companies offer discounts to drivers who stay under a certain mileage threshold each year. If you work on building good credit, your insurance provider will see that you’re statistically less likely to file a claim. Following these suggestions may help save you hundreds of dollars each year.

Determining Your Insurance PremiumThe first step in finding affordable coverage is requesting car insurance quotes. You’ll need to know approximately how much you should expect to pay. If you’re over 50 years of age, try searching for companies that offer over 50 car insurance discounts. It’s also in your best interest to learn more about different types of policies, so be sure to read our helpful pages on those topics. By doing this, you’ll also be able to determine which types of coverage are best for you.