If you have ever shopped for auto insurance you know that there are many things that determine the price of your insurance. Everything from the amount of miles you drive to your driving record, the cars safety features to the cars size, are looked at. This article is going to tell you the things that are looked at when the insurance company gives you a quote and how you can get a low rate auto insurance plan.
The first thing that is looked at is the safety features that are in the car. When you go to purchase a car you need to check and make sure that the car is properly equipped with safety devices. Insurance companies see safety features as making your car safer which lowers the risk of injury which makes you safer to the insurance company than someone without the proper safety features.
By having things like anti-lock brakes and airbags installed into your car, you will be able to get a lower insurance rate because you are ultimately safer.
Your driving record is the next thing that is looked at. If you have piled up a bunch of tickets and have been in any accidents, you will be viewed by the insurance company as a risk. The insurance company does not want to have to pay for tickets and accidents, and they will raise your rate for each ticket or accident that you are involved in.
The amount of miles you drive per year is also looked at. Those who drive many miles a year have a higher chance of getting into an accident than those who drive few miles. One of the ways to get a low rate for car insurance is to drive the fewest miles that you possibly can. If you drive below average miles a year then you are eligible for a discount.
The size and type of your car is another factor. If you go out and buy a big car, an expensive car, a classic car, or any vehicle with a bad theft record, than you are going to be looking at spending more money on insurance. The best way to get cheap auto insurance is to purchase a small car that is not at a high risk of theft and that is not expensive to insure.
The final way that you can get a low auto insurance premium is to raise your deductible. If you raise your deductible from $200 to $1000 you will be cutting about 40% from your insurance premium. It is important that you do not raise your deductible unless you are able to afford it. If you are in an accident you will have to pay whatever your deductible is before the insurance company will chip in, so do not raise it to a level you cannot afford.
There is no sense in paying more for auto insurance than you have to. These are the main factors that are looked at when deciding how much your car insurance will cost. If you take a look at these factors and change some simple things you will be able to get a low rate auto insurance plan in no time.
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