Should Auto Insurance Go Up or Down Every Year?

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…

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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…

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How 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…

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Insurance 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…

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Lesser-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…

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Simple 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…

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What 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…

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How 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…

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Secrets 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…

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Does 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…

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Do 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…

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Good 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…

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New 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…

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Automatic 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…

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Paperless 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…

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Good 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…

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Farm 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,…

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Advance 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…

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Preferred 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…

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The 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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