Article
| Exposing the Car Insurance Quote Mystery |
| By: Jay B Stockman |
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Congratulations, you have just purchased the car of your dreams; you worked a great deal, now it is time to insure it. Car insurance is mandatory in all states, and must be maintained throughout ownership. Insurance quotes can vary from company to company, and there are a few factors that you can control, and other factors you cannot. A full understanding of how insurance quotes are arrived at, will give you the best rate, and maximum coverage.
Factors that cannot be controlled include the age of the driver. Common sense tells us that a new driver would be more of a risk to an insurance company, than an established driver. Therefore a driver in their early 20's would pay a higher premium than a driver in their 40's.
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Further, elderly drivers have poor reaction time, and similarly would pay more of a premium. The ideal driving age would be between 35 to 55 years; anyone younger, or older would pay more.
Gender is another uncontrolled factor that insurance quotes are based on. Statistically, insurance companies see females as safer drivers than males. As a result, female drivers pay less than their male counterparts.
There are factors, which we can control, namely the amount of traffic tickets and accidents. A ticket is a violation of law that could potentially result in an accident. Insurance companies frown on this, and will penalize the driver with higher rates. Similarly, accidents could indicate a pattern of behavior; as such the driver is penalized with higher rates.
Where you live is another controlling factor that effects insurance quotes. Living in a rural area, puts the driver at much less risk of accident or theft as compared to living in a city. As a result, city drivers will pay a larger premium than rural drivers with very few exceptions.
Want to drive a Porsche 911 Carrera? It will cost you. The more your car is worth, the higher your insurance quote will be. The logic should be obvious.
Car insurance companies are now looking at your credit worthiness. Do you have excessive, outstanding credit, or no credit at all? If so, you are a risk in the eyes of the insurance companies, and will get socked with higher insurance quotes. Keeping your credit in check will show the insurance companies you are responsible, both financially, and on the road. As a result, you will pay lower premiums.
Your occupation can put you at a higher risk. Jobs that require many hours of driving, or driving in hazardous conditions, or places will put your quote at a higher rate. Less driving, and exposure to high-risk opportunities, will result in lower premiums. Additionally you want to keep your annual mileage down to a minimum. The more miles you drive, the greater the risk of accident.
Vehicle theft is a risk factor that can easily be minimized. Most companies will give you a discount for having better security for your vehicle. An alarm, or another approved anti-theft device will usually result in some discount. Some companies may insist on having such devices installed on more expensive and desirable cars before they even consider offering you a price.
Some companies look favorably on drivers who have taken a defensive driver’s course. They see this as a commitment to safer driving, thereby lowering the risk of accident, resulting in lower premiums.
Keep in mind these are just general guidelines, and the difference in price between various companies can be significant. What one company may consider a high-risk factor another company may not view as so important. The bottom line, keep your credit in check, be careful on the road and choose a car that fits your budgets.
About the Author
Jay B Stockman is a contributing editor for Car Insurance Quotes Resource Visit http://www.car-insurance-usa.com/ for more information. |
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| Car Insurance Quote |
| By: Adrian Pitt |
Cheapest Car Insurance UK
Powerseeker is a leading online car insurance provider that specialises in looking for the cheapest car insurance in the UK. Along with the lowest rate of interest, it pinpoints insurance that can be procured without the bother of innumerable phone calls.
The car insurance sector in the UK has become increasingly competitive and marked by low tariffs over the past few years. Despite that up to two million people in the UK drive without insurance, causing injury to other people including passengers and damage other people's property. Price-based competition has not only led to reduction in overheads but also the arrival of price slashing entrants resulting in lower premiums and some of the cheapest car insurance quotes.
The Internet is the best place to start searching for the cheapest car insurance quote. It has to be searched for, evaluated and contrasted across the market before a decision of choosing the cheapest car insurance quotes in the UK can be made. This is so because the difference between the highest and lowest quotes can be astounding. At Power Seeker, our insurance advisors say that it is wise to browse through more than one 'comparison website' (that enables review of offers and options for a one-stop 'policy overview') because different websites might deal with different companies with varying quotes and premiums.
Our insurance providers have provided us with a handy list of tips that can be used to acquire the cheapest car insurance quotes and premium:
Buy Online: Many insurers grant percentage discounts for buying car insurance online.
No Claims Bonus: A personal discount is obtainable for driving 'claim free' during the period of insurance.
Parking: If you park your car in a locked garage overnight and during the day and do not drive your insured car to work, the premium would be reduced.
Alarm: Guard against theft by adding a standard alarm and immobiliser.
Mileage: The premium is also reduced if your average mileage per annum is less than 12,000 miles.
Excess: Opting to pay a higher excess can lower your premium.
Trade Value : If the 'trade value' of your vehicle is not high then it may be worth downgrading your cover -- Fully Comprehensive', 'Third Party Fire and Theft' and 'Third Party Only'.
Driving Tests: Clearing tests conducted by recognised institutes like the Royal Society for the Prevention of Accidents and the Institute of Advanced Motorists can get you heavy discounts on car
insurance premiums.
Consolidation: Consolidate multiple insurance policies. Try and use the same insurance company for more than one vehicle.
Nowadays, there are innumerable cheap car insurance providers in UK who claim to give competitive car insurance quotes online. But as a potential car insurance buyer you should also know that the policy should not only provide value for money but also be modified to suit particular needs. An in-depth study and comparison of car insurance quotes will help in getting an ideal insurance quote for your car.
About the author:
Copyright 2005, Adrian Pitt
I write articles for http://www.powerseeker.co.uk/,which provide free Online car insurance quote in UK.
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