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Wednesday, June 20, 2007

 

Car Insurance Cost - These Determine What You Pay

There are many things that add up to determine your car insurance cost. I'll go through them in this article and hopefully show you what you can do to alter them to your advantage. And, where you can't alter them, I'll show you how to position yourself to make savings in your car insurance in spite of them...
Your age is one factor that has a huge influence on your car insurance cost. You can't do anything but get older as far as your age is concerned. However, if you read through you'll discover that you can reduce or annul its benefits or disadvantages.
Your driving history is sometimes an even more important factor. If, for example, you've been convicted of driving under the influence of alcohol, you may find it totally impossible to get an insurer. And if you do get one, you'll have to pay twice or more than otherwise. Good a thing, you can do something about this one. I know being convicted of driving under the influence of alcohol is pretty extreme, but you'll also hurt yourself with increased car insurance cost by piling up speeding tickets.
How promptly do you settle your bills? Do you miss payments? If you miss payments on your bills, insurance companies will consider you an unstable and irresponsible person (I know that you missed your payments for other reasons, but most insurance companies think otherwise). It is common knowledge that car insurance rates are higher for those who skip payments of their bills and worse for those who have a very poor credit rating. They do check!
There are other things like the grouping your car falls into, your location, your mileage, safety features, sex and marital status. Since this article will get too long if I go into them all, I'll end by showing or reminding you of one step in lowering your car insurance cost: Getting multiple car insurance quotes.
If you have not done this or have not done it again in a few months, you could be paying more than you should. You should do this once anything about your profile changes. You can also do it whenever you come across a car insurance quotes site that you've not visited. The great thing about about them is that there is no obligation to get your auto insurance from any of their affiliated insurance companies. They are also free and quick. However, the best part for me is that if you visit up to three and compare your quotes, you'll easily save a few hundred dollars on your car insurance cost.

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