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Thread: Best Way To Determine The Insurance For Your Car

  1. #1
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    Default Best Way To Determine The Insurance For Your Car

    Below you will find valuable information regarding the factors which are compiled in order to determine the rate of your car insurance. These will help you understand important aspects of auto insurance and why some individuals receive higher rates than others. Here are the top five factors which auto insurance companies will consider when determining your rate of insurance:

    1. Age - Your age will greatly affect the rate of your car insurance. Teenagers and individuals who are just beginning to drive will have higher rates for no reason other than their age. There is nothing you can do about this, as you get older and become a more experienced driver your rates will go down. Although they will go down, they will not stay down. When you reach a certain age your car insurance rates will go back up because you are an elderly driver and your eyes and coordination may not be as effective anymore.

    2. Auto Insurance Companies - This is a factor which you have control over. Some car insurance companies offer lower rates than others for many reasons. It is up to you to choose which one will benefit you the most both now and in the long run.

    3. Gender - Whether you are male or female will also affect the rate of your car insurance. This is yet another factor which you have no control over. Females generally have lower car insurance rates because according to insurance companies men are seen as potential dangerous and careless drivers who are more likely to be involved in car accidents.

    4. Type of Vehicle - As much as we would all love to be driving a shiny silver Porsche Boxter all around town, the insurance rates for these types of vehicles are unreal. If you want your auto insurance rates to be low, I would suggest driving a car with a lower price tag. The more money your car is worth, the higher your car insurance rate will be.

    5. Driving Violations - This is another factor which you have control over. I know how tempting it is to race your friends the moment you get your license for the first time, but the amount of money you will pay in the long run hardly seems worth it. Any form of ticket you receive can potentially raise the rate of your car insurance. If you want to pay less for car insurance I would suggest abiding by the rules of the road.

    Although these are the most important factors in determining your rate of car insurance, there are many other factors which also play a part in how much you will pay. Auto insurance is something we all have to pay for, but by researching and understanding the aspects of this form of insurance you are learning how to reduce your rate to your best ability.



  2. #2
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    hey thanks, I really wanted to know about this specially the type of vehicle is important but it will be nice if you could also mention about some of the rates i.e. the car price=the insurance price for this car cost ;; this kind of information to give a rough idea

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    Interesting tips! I just find it ridiculous that insurance companies consider gender as an insurance risk factor.

  4. #4
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    Well it's not so ridiculous if you think about it, males are more alike to make violations...

  5. #5
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    Thanks for sharing these useful Informative points for car insurance. Yes its depend upon these point which you have mention above.

    ____________________________
    Last edited by bridgerclark; 02-09-2015 at 05:59 AM.

  6. #6

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    Quote Originally Posted by razeb View Post
    Below you will find valuable information regarding the factors which are compiled in order to determine the rate of your car insurance. These will help you understand important aspects of auto insurance and why some individuals receive higher rates than others. Here are the top five factors which auto insurance companies will consider when determining your rate of insurance:

    1. Age - Your age will greatly affect the rate of your car insurance. Teenagers and individuals who are just beginning to drive will have higher rates for no reason other than their age. There is nothing you can do about this, as you get older and become a more experienced driver your rates will go down. Although they will go down, they will not stay down. When you reach a certain age your car insurance rates will go back up because you are an elderly driver and your eyes and coordination may not be as effective anymore.

    2. Auto Insurance Companies - This is a factor which you have control over. Some car insurance companies offer lower rates than others for many reasons. It is up to you to choose which one will benefit you the most both now and in the long run.

    3. Gender - Whether you are male or female will also affect the rate of your car insurance. This is yet another factor which you have no control over. Females generally have lower car insurance rates because according to insurance companies men are seen as potential dangerous and careless drivers who are more likely to be involved in car accidents.

    4. Type of Vehicle - As much as we would all love to be driving a shiny silver Porsche Boxter all around town, the insurance rates for these types of vehicles are unreal. If you want your auto insurance rates to be low, I would suggest driving a car with a lower price tag. The more money your car is worth, the higher your car insurance rate will be.

    5. Driving Violations - This is another factor which you have control over. I know how tempting it is to race your friends the moment you get your license for the first time, but the amount of money you will pay in the long run hardly seems worth it. Any form of ticket you receive can potentially raise the rate of your car insurance. If you want to pay less for car insurance I would suggest abiding by the rules of the road.

    Although these are the most important factors in determining your rate of car insurance, there are many other factors which also play a part in how much you will pay. Auto insurance is something we all have to pay for, but by researching and understanding the aspects of this form of insurance you are learning how to reduce your rate to your best ability.
    thanks for sharing this information on us.
    I'm really grateful ^^
    http://learningcenters.us/

    Life, Health and Auto INSURANCE
    http://insureme.us/

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    Your driving record is one of the most significant factors in determining your insurance rate. With a bad driving record, you can find yourself paying a lot of extra premium over the years.

  8. #8
    Member Level 0 sherylgray's Avatar
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    Useful tips! Start your search for the best car insurance price by getting competitive quotes. Compare them and evaluate before buying one. Know your requirements well and go accordingly.

  9. #9
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    Quote Originally Posted by patrickbergin View Post
    Your driving record is one of the most significant factors in determining your insurance rate. With a bad driving record, you can find yourself paying a lot of extra premium over the years.
    You are forgetting credit scoring. The driver with an accident and a DUI but a 850 credit score may pay less compared to a person with a clean driving record and a 350 credit score.

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