Certain motorists may find that their car insurance premiums have been consistently decreasing, leading to the enjoyment of low rates. Conversely, others may observe the opposite trend, with their premiums steadily increasing and showing no signs of stopping. Interestingly, these fluctuations can occur even without any changes in the driver’s details or records. The trend’s…
Continue readingDiscounts & Savings
Surprising Things Your Auto Insurance May Cover
While many people are aware of the common coverage provided by vehicle insurance, such as repairs after a collision or liability for bodily injury, there are several surprising things that your car insurance policy may cover, provided you bought the corresponding coverage. These lesser-known coverage options can offer additional financial protection and allow you to…
Continue readingHow to Get Lower Sports Car Insurance Rates
Sports cars can encourage drivers to go faster, which can result in speeding tickets and accidents. However, an experienced driver can handle them much better than a young driver can. So, age, experience and driving records of the driver is a very significant factor in getting lower sports vehicle insurance rates. The next critical factor…
Continue readingInsurance Coverage for Modified Cars
Some drivers enjoy customizing their cars to reflect their personal style, either aesthetically or mechanically. However, such modifications often necessitate adjustments to auto insurance policies or obtaining different coverage altogether. Neglecting to do so may result in inadequate coverage for the additional investments made in the vehicle, and insurers could potentially reject a claim, arguing…
Continue readingLesser-Known Auto Insurance Saving Opportunities
While significant savings can be obtained by maintaining a clean driving record or having a good credit history, it is important to recognize that qualifying for these discounts typically takes time. Hence, motorists may need to consider immediate solutions to reduce their car insurance premiums. Factors such as living in a high-risk zip code or…
Continue readingNavigating Changing Vehicle Insurance Pricing Algorithms
When it comes to shopping for car insurance, understanding the factors that impact your premium is essential. Insurance underwriters carefully consider various elements when determining the cost of coverage, and being aware of these factors allows you to make informed decisions. In recent years, the landscape of auto insurance pricing has been evolving, with changes…
Continue readingSimple Ways to Save on Auto Insurance Now
There are many ways of reducing your vehicle insurance premiums, though only a few of them yield immediate results. Unfortunately, many drivers find themselves facing unexpected premium hikes during renewals, prompting them to seek quick remedies for instant relief. At times, motorists may unnecessarily complicate the matter, overlooking straightforward solutions like actively comparing options to…
Continue readingWhat is Underwriting in Auto Insurance?
Insurance underwriting is a part of the policy application approval process that determines if a particular risk is acceptable to the company and how much premium to charge for it. Underwriters are tasked with the job of considering the risks based on insurers’ criteria and offering quotes to customers. In case of car insurance, it…
Continue readingHow to Get Auto insurance Discounts
Vehicle insurance companies offer various discounts for many reasons because they want to encourage actions and behaviors beneficial to them. The key savings are offered to drivers who proved to be low-risk and unlikely to make a claim anytime soon. However, some of the discounts may have nothing to do with driving patterns but more…
Continue readingSecrets about Auto Insurance Discounts
Vehicle insurance companies often employ language in their advertisements that can exaggerate the value of discounts, potentially creating an impression of greater savings than the actuality. The genuine extent of these savings is occasionally concealed within the intricacies of the policy’s fine print, at times rendering it virtually indecipherable. As an illustration, the prospect of…
Continue readingAuto Insurance Discounts for Taking Defensive Driving Courses
You can save money on car insurance by completing a defensive driving course. The potential savings can range from five to ten percent of premiums, depending on your age, insurer, state, and other factors. Some states require insurers to offer defensive driving discounts, while others may leave it up to the companies. Some auto insurance…
Continue readingDoes Auto Insurance Go down at 25?
Age is a very significant factor in premium calculations, especially for younger applicants. As you gain more driving experience and mature as a person, your auto insurance comes down about 11% at age 25, providing you have no recent accidents or traffic convictions in your record. But age 25 is usually the last time drivers…
Continue readingSwitching Car Insurance Companies: Weighing Pros and Cons
Motorists may choose to switch their automobile insurers, typically driven by the desire for better coverage, a cheaper price, or a more reputable company. These reasons are generally considered favorable and can justify a switch. Furthermore, dissatisfaction with the current insurer’s service often prompts people to seek a new provider. When circumstances change, and the…
Continue readingDo Lienholders Affect Auto Insurance Costs?
A lien represents a legal claim allowing an individual or entity to repossess a property or vehicle when certain obligations, usually relating to a loan, are not fulfilled. Typically, a lender maintains ownership of the car until the loan is settled, which exposes them to potential losses in cases of theft, damage, or a total…
Continue readingGood Student Auto Insurance Discount
Vehicle insurance rates for young drivers are often significantly higher than those for drivers over the age of 25, primarily due to their age. This is attributed to several factors: they have a higher statistical likelihood of being involved in accidents, they lack the experience of older drivers, and there aren’t many saving opportunities for…
Continue readingReasons to Ask for Auto Insurance Discounts
Motorists are often not aware of new car insurance discounts they can qualify for because a lot changed since they last updated their details. As you get older, you become a low risk driver, your credit score improves, you get married, buy a home, a safer car, can pay the premium in full, bundle policies…
Continue readingNew Car Discount on Automobile Insurance
New cars cost more money to buy in comparison to used ones and this typically leads to higher insurance costs. Nevertheless, new vehicles typically come with lower mileage, less wear and tear, enhanced safety features, and generally exhibit reduced likelihood of experiencing mechanical failures that could lead to accidents. Consequently, several insurance providers extend discounts…
Continue readingWhat Is Continuous Coverage Car Insurance Discount?
The continuous car insurance coverage discount, also called proof of prior insurance discount, is offered by many companies. It rewards drivers who maintain uninterrupted coverage, either as a loyalty reward or for having no lapses. This discount can lower insurance costs by 10 to 20%, with potential maximum savings after three to five years. Some…
Continue readingMonthly Auto Insurance Payments: Benefits & Availability
Most vehicle insurers offer monthly car insurance payment option to most applicants. Usually the availability, costs and discounts for paying the premium in full is included in a quote that gives you chance to consider your options. Deciding whether to pay your auto insurance premium in full or opt for monthly payments is a personal…
Continue readingAutomatic Payment Car Insurance Discount
There are so many saving opportunities that motorists may ignore or may not be aware of some of them. One of the least known car insurance discounts is offered by some companies for simply setting up electronic funds transfer (EFT) to settle premium installments automatically. Once arranged, the money transferred from your account to the…
Continue readingPaperless Auto Insurance Discounts
A few companies offer a small discount to their policyholders who agree to receive their documents by email or access them on their online account, instead of getting physical copies by mail. However, the eligibility criteria and the discount amounts can vary significantly between different insurers. In many cases, to qualify for these paperless car…
Continue readingGood Driver Auto Insurance Discounts
There are several ways of receiving good driver discounts or lower car insurance rates for it. Nearly all insurers would consider you as a good driver if you can keep a clean driving record, free of accidents and traffic violations, for a period of 3 to 5 years, depending on the carrier. The actual discount…
Continue readingHow Do I Know What Discounts Are Applied to My Car Insurance?
It is important to appreciate that auto insurance premiums can vary depending on various factors, including the discounts applied. These discounts can significantly reduce your costs, so it’s essential to know what discounts are available and whether you qualify for them. They present a saving opportunity and you don’t want to miss them. There are…
Continue readingFarm Use Vehicle Insurance Discount for Pickup Trucks
Insurers consider the daily use and purpose of an automobile when determining the premium. For example, drivers who utilize their vehicles solely for leisure purposes, rather than for commuting, might qualify for reduced premiums. Likewise, individuals who predominantly drive their pickup trucks within their farm premises may qualify for a farm use car insurance discount,…
Continue readingAdvance Purchase Auto Insurance Discount
An early signing or advance purchase car insurance discount is usually 3 to 10% of the total premium, and it’s designed to incentivize new customers to secure coverage a few days prior to their current policy expires. Advance purchase vehicle insurance discount is one of the lesser known and promoted savings that is available from…
Continue readingHow to Pay Less for Car Insurance
Naturally, many motorists ask how can I insure my car cheaper? It is one of the larger regular spending items in most people’s budget and you need to keep paying it as long as you own a vehicle. Due to repetitive nature of policies, you will save a lot of money over the long run…
Continue readingDoes Getting a Car Insurance Quote Affect your Credit Score?
Insurers have found correlations between creditworthiness and the likelihood of filing insurance claims, prompting them to consider credit scores as part of their underwriting process. In states they are allowed, companies may check credit history when they calculate premiums. The good news is that obtaining a car insurance quote generally does not affect your credit…
Continue readingPreferred Risk Auto Insurance
Preferred risk car insurance provides the lowest rates due to its focus on drivers who are considered highly unlikely to file claims. These preferred risk drivers have positive and extensive driving, insurance, and credit histories. They are typically over the age of 25, drive modest vehicles with acceptable risk factors, and reside in safer zip…
Continue readingHow to Save Money on Car Insurance – 20 Tips
You can ensure you don’t spend a dime more than you should on premiums by learning how to get cheap rates. There are a few savings offered by most carriers. Which of these discounts you can bag determines how much you spend. Most motorists should be able to qualify at least several of these since…
Continue readingThe Best Tips for Affordable Auto Insurance
Vehicle insurance premiums can be high, especially in some high-risk zip codes, after an at-fault accident, traffic violation conviction and for young and high risk drivers. There are a few ways of reducing costs a bit and bringing them to affordable levels by using saving opportunities, qualifying for more discounts and shopping around to find…
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