By Robert Barabash
When shopping for your dream car do you take the cost of insurance into consideration? The highway Loss Data Institute deals with the cost to insurance companies from collisions injury and theft claims. Facts like four door cars having a 93% less chance of having an insurance claim compared to the same two door models. The cost of repairing or replacing a more expensive vehicle means a higher premium. A vehicle that has a better rating for injury protection will cost less to insure. Certain cars are more at risk to be stolen, therefore have higher premiums. When shopping for a new or newer car take all these factors into consideration.
Many insurance companies still use your age, driving history, type of vehicle and where you live or work to determine your insurance costs. Did you know that your credit history is also a factor in how much you pay for insurance? If you have little or no credit it is best to ask your insurer how they determine rates. Buying insurance from a company that also rates credit will mean that you Will Pay More! Shop around and get at least five quotes. The reason insurance companies use credit information is because they feel there is a direct correlation between credit scores and expected claims.
Take advantage of any discounts offered by your insurer. Most insurance companies offer a variety of discounts. There are discounts for car safety features such as anti-lock brakes and air bags. In most states if you take a defensive driving course or a refresher course for seniors, you will be able to get a discount. Some insurers will give you a multi vehicle discount. If you have a claims free record for a number of years some companies will reward you with a loyalty discount. Depending on the age of the vehicle you drive, compare the costs of dropping accident and comprehensive insurance for lower premiums. Remember it costs less to insure a $16,000 four door sedan than a $30,000 sporty model.
There are ways to reduce how much you pay! Use all the benefits allowed by your insurance company. If the don't offer discounts, shop around and get at least five quotes. You will save money.
Robert Barabash is the owner of a website that explains the various forms of insurance in a way that the public can understand. The valuable information available allows you to make an educated decision. You can also get five no obligation quotes on all forms of insurance products such as auto, home, renter, life,disability and pet insurance. For more information go to http://allinsurancesite.com
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