Tag : auto insurance

Factors That Affect Car Insurance Rates – How To Get Cheap Auto Insurance Modest Money12 Comments

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When you are in the market for and researching car insurance rates, it is so easy to go for cheap coverage or a high deductible when both are among the biggest factors affecting your premiums. What you may not realize is that you could be getting more comprehensive coverage and a better overall value by minimizing certain risk factors. Learn how car insurance companies calculate rates and present yourself as a low-risk policyholder to get the cheapest car insurance quotes.

Demographic Factors

In short, statistics show correlations between insurance rates and your gender, age, driving history, car make and model, address, marital status, mileage driven, and even credit score. Here is how each factor affects your premiums and the things you should know to find yourself the best car insurance.

1. Gender and Age. Statistics show that teenage boys or young men generally have more accidents and citations than their female counterparts. On the flip side, older men get slightly better rates than older women since historical data demonstrates older females experience more minor accidents as they age.

2. Marital Status. Generally, married couples are more responsible and family-oriented than single individuals. Therefore, in the eyes of car insurance companies, a…

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By : Adam | 22 Mar 2014
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Save Money By Combining Home & Auto Insurance

By : Adam | 26 Feb 2013

The following is a guest post. If interested in submitting a guest post, please read my guest posting policy and then contact me. People are always looking for ways to save money on their insurance. Whether it is auto insurance, home insurance, or even travel …

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5 Quick and Easy Ways to Save on Auto Insurance

By : Adam | 7 Nov 2012

The following is a guest post. If interested in submitting a guest post, please read my guest posting policy and then contact me. Why you are paying more for auto insurance Just like with many other things in your life, you are probably paying more …

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Vehicle Insurance – Better Safe Than Sorry

By : Jeremy Biberdorf | 20 Aug 2012

I’m sure none of you are guilty of this, but amazingly some people take the risk of driving without insurance. I don’t know about other areas, but here in BC that is illegal…and a pretty dumb risk regardless where you live. You may be the …

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