Your car insurance payment may be on a rise and it has nothing to do with your driving history. New controversial way auto insurance companies determine your risk on the road. A speeding ticket, a fender bender, a teenage driver, accident, maybe a DUI, all of those things can drive up your auto insurance premium but another factor that determines how much you have to pay and most will never even consider it.
No auto insurance policies are the same but most drivers figure they know what important to their insurance policy. While your road record is a factor but so is your credit score, nearly every auto insurance company are starting to use your credit score to set your premium. Some may put more weight on your credit history than your driving history. Read more ›
Automobile insurance premium rate are base on many factors including, where we live, your age, your car, how much you drive and the amount of coverage you have.
One way to keep your auto insurance cost down is to take high comprehensive and collision deductibles.
Also, as your vehicle get older and it is not finance. Many people decide to drop these comprehensive and collision coverage completely as a way to save money. Read more ›
Monthly auto insurance with low or no down payment
When it comes to auto insurance paying monthly is a smart choice, especially there is no need to come up with a large down payment.
In today’s declining economy, most consumers find it more affordable to pay their auto insurance premium monthly rather paying quarterly, semi-annually and annually. Read more ›
Here are six inside tips on how you can save money on your auto insurance.
1. The first tip is to raise your deductibles. These are the amount you will have to pay out of your pocket before the insurance company pay anything. For example, raising your deductible from $100-$500 may reduce your premium up to 20%. If you increase your deductible to $1000, you may be able to save 25% to 30%.
It may pay to pay for fender bender yourself.
2. The second tip is to drop collision and comprehensive coverage if you drive older car. If your car is not worth much, you probably will replace it if it is badly damage. Read more ›
The main problem with younger drivers is that fact that most, if not all auto insurance companies have a bias against younger drivers. This bias is based on the facts that younger drivers in the ages between 18-25 are more likely to get into an auto accident than older drivers from ages 26 and over. With that in mid, younger drivers end up paying more for their auto insurance premium than those in other age groups.
However, if you are a young driver you don’t always have to pay more for your auto insurance premium. A young driver can still have an affordable auto insurance coverage. One of the way to get affordable auto insurance for people between the ages of 18-25 is searching for auto insurance agency that specialize in customizing for young drivers under 25 years old. Read more ›
December 12th, 2009
Filed In: Auto Insurance101Tags: auto, auto insurance, auto insurance premium, driver, driving, insurance, insurance premium, premium, teenage, teenage driver
Purchasing auto insurance for your teenage can burn a big hole in your wallet. The reason for the higher cost for teen auto insurance coverage is because teenagers belong to a higher risk group of drivers. That is why your teenage son or daughter will have to pay more for their auto insurance premium. Auto insurance statistics have shown that teenage drivers are 8 times more likely to be involved in an auto accident than older drivers in the ages between 30-60.
If you have teenage driver in your family, you don’t have to expect to pay more for your teenage driver auto insurance premium. There are several ways to lower the auto insurance for your teenage driver. Read more ›
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