Factors That Affect Car Insurance Rates
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Useful Links For Authors Author Guidelines Article Writing Tips Why Submit Articles HomeFinance ArticlesInsurance ArticlesFactors That Affect Car Insurance RatesFactors That Affect Car Insurance Rates By Marl Jensen on March 09, 2011
There are quite a number of details that affect the cost of your car insurance. These are essentially the things that have bearing on your premiums. Cheap car insurance quotes are therefore affected by these details and it is wise to remember that whatever the insurance agent asks you is a factor that is considered in the computation of your rate. The most important factor is, needless to say, the value of your car. It follows that the more expensive your car, the more it costs to replace so you cannot really expect to get a cheap car insurance quote for high-end automobiles or luxury cars.
The city are in which you reside is also a factor that may contribute to the high insurance premium that you are required to shell out. This is precisely the reason why when you go on an online search for cheap car insurance quotes, the dialogue box that immediately presents itself to you on any insurance website shows a field where you are asked to key in your zip code. Urban areas are generally considered higher risk areas and it would be wise to consider installing car alarms, trackers and immobilizers on your car to offset the high premium that comes with high risk areas. This can offset the higher premiums on high risk areas and afford you cheap car insurance quotes.
If you have made no claims from your insurer in the past, it is likely that you will get cheap car insurance quotes upon renewal of your policy. If you are changing insurers, the agency will ask you about claims you have made in the past. It is generally acceptable practice for insurers to give discounts for every year for a maximum of five years that you don’t make a claim. Therefore, if you want cheap car insurance quotes from insurers, drive safe so that there is no necessity for you to make any claims from them. If you should decide to switch insurers, this no claims policy is actually transferrable across insurers so it is important to keep this in mind.
Your profession also has an impact on the premiums that you are likely to get from insurers. A teacher, for example, is more likely to get cheap car insurance quotes than a cab driver. Cab drivers are, after all, generally viewed as reckless drivers and since they are on the road more than teachers, their premiums are most likely bigger than an accountant’s. Journalists and policemen are also considered high risk accounts due to the nature of their professions so it is less likely that they will find cheap car insurance quotes from most insurers. If you do not fall into job categories that are considered high risk, then you stand a chance of getting better premium rates if you can convince insurers that you fall into the category of a low risk account.
Marl has helped a lot of people over the years with everything from cheap car insurance quotes, to cheap car insurance quotes, so stop by and let us know if you ever need anything.
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