Car Accident Insurance Rates
Chances are the state where you live require you to obtain car insurance. A usually common type is liability insurance where your insurer pays the person to whom you have caused damage. In buying car insurance, chances are, you are considering one thing – the rates.
Car accidents insurance rates vary depending on risk. The likelihood of an accident would mean higher insurance premiums. Insurance companies based their premiums and decisions to insure you on your risk factors.
Other things they consider may include your profession, your financial status, your life style together with your age, sex, marital status, driving record, type of car and place of residence. Majority of them may seem a bit unrelated to driving, and you may not even know it, but they all influence your insurer’s decision.
Rates also vary depending on the automobile insurance company. Like buying commodity, the price of the same product varies depending on its brand name. You can save by comparing insurance quotes from several companies.
We all want to save. And buying car insurance is not an exception. You can ask for discounts for behavior that lower the risk, i.e. driving less miles per year than the average, becoming senior citizen or taking a defensive driving class. Your insurance agent may not tell you but having safety or protective devices installed in your car will also entitle you for discounts.
Some money experts suggest tips on how to save on your car accident insurance rates:
- Combine two insurance coverage. You may buy auto and home insurance from the same insurer. Some often cut up to 15% of the premiums.
- Shoulder minor repairs or those that cost below $1,000. Some insurers do not renew policies with more than two claims in three years.
- Raise your deductible by increasing a collision deductible on your auto policy. An increase of $200 to $500 can save you up to 30% annually.
- Keep your driving record clean for at least 36 months. It can help lower your premiums.
- Opt for a simple decent car. Most expensive cars are often subject to theft and cost more to insure.
- Assign your teens as occasional drivers of your least expensive car and only that car.
- Do not lie about your background. A clean record of personal information, including motor vehicle, credit cards and claim history can help.
- Finally, do not forget to call your professional Car Accident Lawyer for help when pursuing claims.
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