Motorists enjoy low premiums until making a claim. Once an at fault collision goes on the record, they lose the good driver discount so they start paying around 50% more for car insurance. And this accident continues to impact premiums for three to five years depending on the company and state. However, the accident’s influence on…Continue reading
Factors Affecting Rates
There are so many factors affecting car insurance rates. They are explained, discussed and assessed on this site so that our visitors always get the best auto insurance quotes.
Automobile Insurance after Divorce
During a marriage motorists normally get used to sharing automobiles and costs. Even a slight change in circumstances changes premiums and competitiveness of carriers so people are advised to look at their coverage and get alternative quotes. In the case of divorce, a lot can change from address to vehicles and listed drivers that often…Continue reading
How Much Does Car Insurance Cost?
Average cost of minimum coverage liability auto insurance is around $620 in the US and Full coverage car insurance with better liability protection costs just over $2000. However, the premium difference between the most expensive state (New York $1,371) and cheapest (Iowa $223) is a whopping $1,148 for a basic liability policy and (Florida $3183…Continue reading
Why Are Auto Insurance Rates Rising?
Lately we haven’t been able to catch a break with problems affecting every person and business. There is no escaping from an issue like inflation, which appears to be the main reason driving car insurance costs at the moment. Many motorists are surprised to see that their renewal quotes are coming high and it may…Continue reading
Why Some Cars Are Cheaper to Insure than Others
Reducing motoring costs is easy if you follow a few steps successfully. One of them is to pick a cheaper to insure automobile and enjoy low rates as long as you keep it. There are a number of reasons why insurance companies love some cars much more than others and they are mostly to do…Continue reading
How Big Data Keeps Auto Insurance Prices Low
More information increases clarity which makes it easier to decide based on real evidence. It is understandable that car insurance companies are data hungry and cannot get enough of it considering they are dealing with all sorts of risks every day. Also, the cost saving aspect of using digital technologies almost forces their hands. Otherwise,…Continue reading
When Auto Insurance Rates Change the Most
There are many internal and external considerations in play when it comes to calculating premiums. Currently, many motorists are seeing hiked renewal rates due to external factors, mainly rising prices all across the products and services. There isn’t much they can do about it but they can learn about the factors they can influence to…Continue reading
How Can I Reduce my Auto Insurance Premium Now?
There are many discounts but some of them take years to qualify for. In the meantime, you can take advantage of simple ways to reduce your car insurance premium today. If you are prepared to make slight changes in the way you pay the premiums, shop around and buy policies, you can quickly achieve great…Continue reading
Car Insurance Discounts for Homeowners
Many carriers believe people who own their homes are lower risk so they offer auto insurance discounts for homeownership, even if policyholders don’t insure their home with the company. This discount is usually about 5% on average and applies to most types of coverage but it isn’t available in some states. For example, Progressive offers…Continue reading
Does a Higher Credit Score Lower Car Insurance Premiums?
There is a clear and inverse correlation between a policyholder’s credit score and auto insurance rates. When one goes up the other goes down and vice versa. That is why making an effort to improve your credit worthiness equates to trying to get cheaper premiums. It is widely accepted in the industry that motorists with…Continue reading
What Is an Auto Insurance Premium?
A car insurance premium is the amount a particular company charges to insure a vehicle based on the information provided by the owner. So, the final amount depends on two main variables and they are; the insurer and policyholder. Not only does a different premium emerge each time one of them changes but also even…Continue reading
Are my Foreign Driving and Insurance Records Accepted in the US?
Motorists may have a long history with no accidents, traffic tickets and claims in their own country and getting great rates in their homelands. But none of them matter when they move to the USA because car insurance companies only accept records they can check through DMV, other local sources and credit agencies. The good news…Continue reading
How Changing Your Address Affects Auto Insurance
Like most others, car insurance companies first ask your address when you contact them for a quote. But they require this information more than logistic and administrative reasons because where you live has a significant impact on premiums. That is why insurers want to know as soon as you move so that they can take…Continue reading
How Does Auto Insurance Tier System Work?
Lately, personal lines insurers have been adding various new rating variables to price each applicant more precisely. Additional data allows them group drivers and differentiate rates for each group. These car insurance tier rating systems help to ensure that good drivers don’t subsidize bad ones. This fairly new underwriting structure distinguishes careful and considerate motorists…Continue reading
Auto Insurance Rates by Zip Code
The difference in quotes between two identical looking vehicle insurers can be as clear as day and night. Also, where you live can increase or decrease premium a lot. That is why it is usually the first question asked on a proposal form. These points highlight the importance of comparing car insurance rates by zip…Continue reading
Do Speeding Tickets Raise Insurance Rates?
Getting caught driving over the limits raises a few questions in mind immediately. These are how much fine you will pay, how many points will be added to license and how much auto insurance will go up. The answer to last concern isn’t straightforward because many factors are considered when pricing a policy. The first…Continue reading
Does Being Self Employed Affect Car Insurance?
Being your own boss may sound great. However, it also means that you need to monitor things closely and make appropriate decisions to safeguard your financial wellbeing. You will need to sort out health, premises and vehicle insurance and avoid a catastrophic failure due to an unforeseen but protectable event. Essentially, it may require a…Continue reading
What Is SR22 Insurance?
Although it is widely referred to as SR22 insurance it is actually a filing to confirm existence of liability coverage. It is a certificate, which is usually provided to DMV by a vehicle insurer to confirm financial responsibility. It is also known as FR44 in some states. If you haven’t caused any accident or taken…Continue reading
Average Car Insurance Rates by Age
It is easy to find the average premium costs in a state and it is a good figure to compare quotes to. However, median expenditure figures leave out so many variables. For example, the US avg. is $841 but it isn’t even clear what type of a policy a typical driver can buy for that…Continue reading
Average Car Insurance Costs per Month
Knowing the median monthly auto insurance cost in your zip code helps to see if the premium is too high and how quotes are lining up in relation. This information would also help you plan ahead when you are considering buying a new vehicle. Then you can start checking if its rates are high or…Continue reading
When Does Car Insurance Go Down?
Policyholders love to see premiums drop at renewals and this post explains what makes them fall. It is a fairly general question and we will try to break it down below. Rates may gradually come down in many stages and after specific events or changes in circumstances. That is why it is important to rephrase…Continue reading
Do Parking Tickets Affect Insurance?
You may have to pay fines, penalties and appear in court depending on severity of a traffic infringement. For a ticket to affect auto insurance it has to go onto Motor Vehicle Records. If there is nothing adverse in there a surcharge cannot be applied for it. To answer this question we need to look…Continue reading
10 Tips to Get Cheap Car Insurance for Bad Driving Record
When you are deemed to be high risk you will discover quickly that you need to work harder to find the most affordable auto insurance with bad driving history. The problem is that quite a few companies are only keen on good applicants. They do accept higher risk motorists but they hardly offer them discounts….Continue reading
Why Is My Car Insurance So High?
Ever wonder what makes your premium higher than others? Why has it risen to a point where you may struggle to afford it? Find out the top 10 reasons that can explain. You may be surprised with the causes and solutions can be much simpler than you think. If you find you are relating to…Continue reading
Cheap High Risk Auto Insurance – Who Needs and Where to Buy
Most people may fall into the ‘high risk driver’ status at some point in their lives. As this designation refers to a variety of life and personal situations, understanding how you might be labelled a perilous applicant will be important. Firstly, it will help in avoiding it if you can. Secondly, you will learn what…Continue reading
How Much Does a Claim Affect Car Insurance?
Auto insurance companies are likely to increase premiums after a claim forcing them to compensate for damages and/or injuries. Type of the claim, size of payout and designation of fault as well as your provider and state you live in will determine the percentage of premium increases. At fault accidents will increase car insurance the…Continue reading
How Do Zip Codes Affect Car Insurance Quotes?
There are a few factors that affect vehicle insurance premiums. Some of them are more influential than others. It is all about pricing risks of having to pay for claims arising from listed perils. As companies don’t employ fortune tellers to see the future they have to look at other indications. The obvious indicators are…Continue reading
How to Find Affordable Car Insurance for High Risk Drivers
Some motorists may really be dangerous on the roads as they cannot help but get into accidents and pick up traffic tickets. However, there are other reasons why someone may be labeled as high risk. Being young or beginner, having no recent coverage history or poor credit score are some of the things that can…Continue reading
What Do Car Insurance Companies Look at for Accurate Quotes?
Underwriters can only ensure success by adequately gathering information and processing it to calculate accurate auto insurance quotes. It is in the best interest of both policyholders and them that all the relevant facts are considered and fair premiums determined. Factual details can help good motorists save money while further negative revelations can hurt people…Continue reading
How to Find the Best Auto Insurance Policy for You
They may all look similar but the content is hugely different. Naturally, you would want coverage to fit your protection requirements nicely and the premium not to stretch the budget. Also, you would want to be with a reliable company who will not mess you around when you have a claim. If this is what…Continue reading