Business

Credit, Age, ZIP Code, Gender, and Marital Status Are All Important Factors Affecting Auto Insurance Rates

Comments Off on Credit, Age, ZIP Code, Gender, and Marital Status Are All Important Factors Affecting Auto Insurance Rates 15 May 2011

Insurance is the Law! Legal requirements, the different types of insurers, and different insurance coverage make shopping for insurance more hectic. However, auto insurance will always be an important matter, and shopping for a car insurance quote or SR22 quote can be a tedious experience, more important than shopping for life insurance or health insurance.

The consequences of driving an uninsured vehicle includes ticket, revocation of license, requirements to have an SR22 certification or ‘financial responsibility filing’, impounding the uninsured car, towing, storage, legal fees, reinstatement fees, etc etc. It is absolutely not worth it to drive an uninsured vehicle.

Credit, age, community, marital status, driving record, and vehicle type are all important factors that determine the premium that you pay. If you are a young single male with an expensive vehicle you expect to pay top dollars for insurance. If you already have an existing policy, you can switch the coverage to the newly acquired vehicle.

In the insurance marketplace there are many companies playing to got customers- something that is great!. Some insurance companies have their own ‘captive agents’ while others have to deal with ‘independent agents’ network. Most captive agents deal only with one company while independent agents deal with many insurance companies, which allow them to shop with more than one company for the same customer. Independent agents can have more impact on the price, while captive agents have little or no control beyond the discounts that their company offer. Possible discounts include multi account discount (having two or more accounts) multi-car discount, homeowner discount, good student discount, etc.

Limits and types of coverage can play great rule in determining the cost of insurance. Lowering liability limits (not always recommended), increasing deductible or even deleting comprehensive or collision coverage for less expensive cars can save lots of money, specially for youthful drivers. Also, avoiding monthly payments by paying off policy in one payment can save 25-50 dollars, if not more.

There are many discounts available, some are small discounts and other are big. Dealing with an independent agent guarantees more options and choices and, more likely, more discount plans.

Insurance Navy is a Chicago leader of non owner insurance and business insurance. You can get information about non owner insurance or information about Bridgeview free car insurance quotes by visiting company’s website.

Be Sociable, Share!

Comments are closed.

© 2011 Free Online Printing Coupons | Offline Marketing | Cashback Printing. Powered by cashbackprinting.com.