Car insurance companies work by a specific formula which calculates quotes based on factors such as age, type of vehicle, driving record, credit scores and myriad risk assessment tools. Knowing a few things prior to beginning the task of comparing car insurance may save you time and more importantly, money.
In the old days, the task of car insurance comparison was back breaking and time consuming, as it involved a series of phone calls or worse, visiting individual companies.
The trick to comparing auto insurance companies is to know exactly how they operate as well as knowing what you need. Every state by law requires some type of liability. After that though, the rules begin to change. Additional coverage such as comprehensive or collision vary according to how much of a deducible you want and what your state requires. If you have a great driving record, you may want to opt for a higher deductible which will lower your monthly payment. Not every insurance company offers this, but it is a great option to inquire about.
A staggering amount of people who compare auto insurance companies and rates are oblivious to the fact that their credit score may influence the insurance rate they are offered. If your credit score is good, this won't be a concern. If there are any black marks on your record however, inquire as to whether this is taken into consideration by every insurance company you are shopping. Some companies charge as much as an additional 20-50% more to those with poor credit history.
Some insurance companies have what is called a discount checklist and being privy to these discounts could save you a fortune. Some of these discounts include the well known safe driver discounts, over the age of 25 discounts and some even offer driver education discounts. But often times there are lesser known about savings and when you compare car insurance you want to ask if they incorporate any of them.
Group discounts are becoming popular with many insurance companies, therefore if you are affiliated with any charitable organization, college or university, military or even some credit unions, ask about whether the car insurance company offers these types of savings. In some cases, it may even be a financially savvy decision to join a group depending on how much of a discount the insurance company offers.
Online bill pay has become popular for many consumers and this is another way to possibly save money on car insurance. Many companies charge a paper processing fee for mailing your monthly bill and may not even tell you. Inquire about this fee when comparing car insurance. Better yet, many companies now offer discounts if you sign on to have your monthly bill withdrawn directly from a savings, checking or credit card account.
Bristy Voelkel has been an insurance specialist for the past 4 years. She has worked with several top insurance carriers, saving individuals on their car insurance. cost. Bristy is standing by waiting to assist you compare car insurance quotes & save you hundreds. Get started today!
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Car Auto Article FeedFind More ArticlesSearchSimilar ArticlesLow Rate Car Insurance - Compare Car Insurance RatesPaying Too Much For Car Insurance? Compare Car Insurance Quotes Online Today!How To Compare Car Insurance Policies - And Save MoneyCompare Car Insurance for Your Own BenefitComparing Car InsuranceComparing Car Insurance Online the Easy WayWhy It Is Important to Compare Auto Insurance CompaniesOptions To Compare Car InsuranceCompare Auto InsuranceGuidelines to Compare Car Insurance OnlineRecent ArticlesCommon Driving Insurance Terms ExplainedRisk Selection and Usage Based Auto InsuranceCar Insurance in Different CountriesBe Informed In Order to Get the Best Deal on Auto InsuranceRestored Or Modified Cars Benefit From Proper Insurance TooHow to Find the Right Car Insurance AgentGet The Best Car Insurance Rates OnlineHow to Save a Bundle on Your Car InsuranceClassic Car Insurance - Finding The Right DealHow Car Insurance Can Save You From A Financial Disaster After a CrashSubmitted On January 26, 2012. Viewed 17 times. Word count: 466.MLA Style Citation:Voelkel, Bristy L.".".26 Jan. 2012EzineArticles.com.3 Feb. 2012
Voelkel, B. L. (2012, January 26). . Retrieved February 3, 2012, from http://ezinearticles.com/?What-to-Know-When-You-Compare-Car-Insurance&id=6841627Chicago Style Citation:
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