Cheap insurance quotes are available for a wide range of vehicles including cars, trucks, motorbikes, and more. Whatever the vehicle you are insuring, insurance is purchased from a provider as a form of monetary protection against any damage or bodily injury in the event of an accident. Most insurance companies offer three types of insurance coverage—liability, property, and medical. Liability coverage comes to the rescue in case of legal issues involving bodily injury or property damage. Property coverage offers protection in the event of any damage to the vehicle and also in instances of theft.
Medical coverage addresses expenses incurred in treatment of injuries, loss of income, or funeral expenses as the case may be. Each state has its own requirements related to auto insurance. The quotes given by insurance companies will vary and comparing rates can help find the lowest premiums. Most of the quotes will include collision and comprehensive coverage and by increasing the deductibles on these, you’ll get lower premiums. Some discounts may also be available based on varying criteria.
Auto insurance rates are influenced by a number of factors including the driver’s age, gender, marital status, type of car owned, car color, driving record, and credit score. Of these, age, gender, and marital status are unchangeable. The rest can be modified to obtain a lower premium. For instance, insurance premiums are the highest for those under the age of 25 as statistics indicate that individuals in this age group are more likely to get into accidents. Drivers aged between 50 and 65 have been found to be the most careful drivers. Studies also indicate that women are more cautious drivers than men and are likely to get a better rate on auto insurance. Married couples with excellent driving records will also benefit in a similar manner.
An inexpensive car will be cheaper to insure as well as one with good safety features. It is popularly believed that the color of the car is crucial in determining insurance premiums. Red cars are believed to attract higher insurance premiums than those of any other color since the color is associated with a ‘need for speed’. But there are no statistics available to support these facts. The driver’s place of residence will also influence the rate. A person living in a crowded city or one with a high crime rate will attract higher premiums.
Some of these factors may be difficult to control even though you should have them top of mind when considering your car insurance options. One thing is certain however though, if you want cheaper car insurance quotes you should definitely plan on shopping around every so often to be sure you are getting the best deal. Insurance companies will use differing criteria to provide you with your quote, and sometimes recent personal changes such as a new car or new home address can be a good time to take a look around at what different companies are offering.
Another opportunity is bundling your car insurance with your home insurance.
Poor judgment and unsafe driving habits can cause insurers to perceive that individual as high risk and quote an exorbitant premium or even refuse coverage. Any kind of traffic violation—be it a parking ticket, a speeding ticket or a DUI charge—can give the wrong message. Some states require insurers to hike premium rates for some specific offenses or in the case of habitual offenders.
Serious violations can lead to premiums being increased for a period of three years. An accident can cause the premium to go up by 20 to 40 percent. Not admitting guilt and refraining from paying the fine when issued a traffic ticket will leave the driver with the opportunity to contest the charge in the future. In the same way, an excellent driving record can save an individual hundreds of dollars annually in premiums, as can turning 25.
Be aware that how you drive is closely related to how much you’ll pay for insurance, with some insurance companies even tracking driver behavior in order to offer the best car insurance quotes to drivers making the effort to staying out of trouble and getting there in one piece. If you have a teen driver on your policy you should also consider sitting down with them and having a talk about what the financial and personal risks are when they take to the road.
There are numerous discounts offered to drivers based on their driving record, the number of miles driven, the age of the driver, insuring more than one vehicle, getting home and auto insurance from the same company, and the safety features available in the vehicle being insured. Buying directly from the insurer instead of an agent can save quite a few dollars annually. Shopping around can help pinpoint a company that offers lower premiums. Such insurers may be able to keep premiums low by offering customers the options to ask for higher deductibles on collision and comprehensive coverage.
There are also a number of specific discounts for:
Bundling Auto and Home or Renters – Having all of your insurance under the same umbrella definitely leads to cost savings.
Multiple Vehicle Insurance Quotes – Comparing offers that insure more than one vehicle within your family or business makes discounts easier to come by.
Discounts for Safety Features – The rapid development of technologically advanced safety features has made driving safer than ever before. Cars with advanced safety features will insure for less than those that lack them.
Safe Driver Discount – Spend your life on the road both ticket and accident free, and you’ll be a lot happier with the quotes you get from insurers.
Student Discounts – Get out your student ID, because some insurance companies offer discounts even based on your GPA.
Military Discounts – Active military and people in other public service careers can save by letting their agents know of their service. There are even specific insurance companies for veterans and active service members.
Senior Citizen Discounts – Some car insurance companies offer specific policies to those drivers 65 and over. But remember you better still have a good driving record!
No-Lapse Discounts – These discounts are based on hw long you’ve had your auto insurance coverage in years without any lapse in coverage. This can cover multiple insurance companies, so it doesn’t mean you always have to stay with the same one to qualify.
Of the many auto insurance providers in the United States, some stand out due to excellence in customer service and value for money policies that they offer. Amica Mutual gets a 5-star rating in overall satisfaction, pricing, and customer service as rated by J D Power.
Ameriprise, Eeire Insurance, Shelter Insurance, Automobile Club of Southern California (ACSC), Auto-Owners Insurance, and Geico are rated high in terms of pricing and overall satisfaction. But Geico Auto Insurance customers have said that the company does not keep its word as far as discounts offered are concerned. They claim that though attractive rates are offered and quoted initially, the final premium is much higher than initially claimed. Commerce, 21st Century, Automobile Club Group (ACG), Farmers, Mercury, The Hanover, and GMAC rank the lowest in terms of rates as well as service.
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