Car Insurance- Simple Ways Of Reducing Your Auto Insurance Premiums |
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Jay Leo
18 November 2009
When on your way to trying to find affordable automotive insurance, utilizing the power of the quotes is your best defense in finding the right insurance at the right price for you.
Quotes can vary a lot from one company to another and making sure you receive multiple quotes will give you the information you need to make an informed decision and to help guarantee that you are getting the cheapest price available for your circumstances. If you were told that by making a few simple phone calls that you could save up to $400.00 a year, making those calls would be at the top of your list of things to do.
This is what can happen by checking around for auto insurance. You can find a company that will offer you the coverage that you require for a lot cheaper price. There are certain factors that all insurance companies will use for the basis of giving you a quote on automotive insurance. These are:
-Your current age will be a big factor in what your premium will be. On average, the younger your age, the more you will pay. Once you reach 25 years of age, your premium will drop.
-Your choice of employment. Where you work will have an impact on your premium. Someone who works in a office will have a cheaper rate than a sales representative always on the move.
-Where you live is a big factor as well. If you live in an area that statistically shows a higher crime rate of cars, your premium will suffer and be much higher.
-How much you drive your vehicle will be a deciding factor. The companies will look at how many miles you accrue in a year's time. If you drive a lot over the year, your premium will be higher as this places you at a higher risk of being involved in an accident.
There are also other factors that can cause an adverse affect on your car insurance, but these are the main ones that you should be aware of. Make sure you let your company know if you will be parking your vehicle in an enclosed garage as this will lower your rate more than if you are parking your car on the side of the street.
If you have multiple vehicles in your household, applying them all to one policy can give you discounts since many insurance companies offer a multiple car discount.