Car Insurance Rates ? Can You Lower Them?
Car insurance rates are prohibitive nowadays. Many families really struggle to pay the car insurance bill each month. And car insurance rates vary all the time. So if car insurance cost is an issue for you, what can you do about it?
The car insurance industry is a massive industry. It is also a highly competitive one, and car insurance rates vary over time as car insurance companies compete for business. Car insurance rates are often highly fluid.
It is entirely possible to lower the cost of your auto insurance rates by altering your behaviour, and you can do this by having a better understanding of how the rates are assessed.
Car insurance rates are based on an assessment of risk. Whilst insurance companies vary their rates to compete with other insurance companies, they also vary their rates based on their assessment of the risk posed by a particular driver driving a particular car. They do this because there is no point in buying business with low car insurance rates and then insuring high risk drivers at these rates. This is a recipe for losing money.
So, if you lower your risk, you lower your car insurance. How do you lower your risk? Well there's a number of ways that your own driving and car behaviour can affect your car insurance rates.
Have a look at the car you drive. Is it suitable for your current needs? If not then would it be worthwhile to consider a change?
Different cars attract different auto insurance rates. Sports cars, high powered cars and cars at greater risk of theft attract higher rates. How long have you had your car and would it be wise to think about another one that would be cheaper to insure and more useful to you?
Are you a safe driver? Do you stick to the speed limit? Are you at risk of other driving offences? Many people do not think about some of the consequences of speeding tickets and driving offences until after they have seen their subsequent car insurance bill.
Your risk profile is a direct result of your driving record. A clean driving record and you will be rewarded by cheaper rates. A poor driving record and you will be penalised, usually for quite a while.
Are you willing to attend driver training courses? Many car insurance companies offer specific discounts for drivers who have attended a course. Why? Lower risk.
Are you willing to drive less? Could you car pool or use public transport to get to work? Car insurance companies look at the amount of driving their clients do when assessing their car insurance rates. Why? Lower risk. Less miles driven equals less risk. And you'll save on other car costs too.
So if auto insurance costs are an issue for you and your family there are things you can do. These are just a few of those things, there are many more. Car insurance rates are not set in stone.
For a website totally devoted to Car Insurance visit Peter's Website Car Insurance Answers and find out about Car Insurance as well as Cheap Car Insurance and more, including Online Car Insurance Quotes, UK Car Insurance, Car Insurance Rates and Car Insurance Quotes.
Alternate Risk Transfer (art) - Insurance Strategies
Risk ManagementAlternate Risk Transfer is a fancy way of saying alternate methods of insurance and risk management, of which there are many. From the most basic alternative of going without insurance (self-insuring) to so-called "program business captives", there are a wide variety of strategies from which to choose.To understand why ART strategies are so popular it is important to understand a few facts about insurance pricing.►Insurance Pre...(related: Insurance)
A Guide To Insuring Your Sailing Dinghy
If you've just bought a dinghy or are thinking about changing insurance companies, Noble Marine's Guide to insuring your dinghy may help you decide the sort of policy you need.Both the cover provided by different Insurance Companies, and the service they offer, can vary greatly. Bear in mind that a cheaper policy may end up costing you more, if you have to make a claim and you should always check what cover is being offered before signing up.
Independent Insurance Agents Unite! Insurance And Financial Discussion Forums Are All The Rage
The online discussion forum has emerged as the medium of choice for many Americans. Most recently, forum platforms like vBulletin, Infopop, and Snitz have enabled the novice webmaster to host and moderate their own forum. One of the areas that needs this type of medium the most is the Insurance and Financial Industry.To give you a little background, the online discussion forum is an updated version of the old bulletin board of the nineties. Members can join, post, and browse topics at will. Free speech and a candid mood makes it all the more enjoyable. Some discussion forums even allow members to chat amongst themselves (is it a chick or a pea?) in private areas or send "PMs" (private messages) to each other if they do not want to share it among the other members of the forum. The thing ...(related: Insurance)
Health Insurance Quotes Online - Tips On Finding A Good Provider
Since 2001, major health insurance providers have been allowing consumers to buy policies online. Through the convenience of the internet, consumers are able to compare prices and coverage to find the best insurance policy for them. Before you sign up with a health insurance provider, you should consider price, company history, and coverage to make sure you find a good plan for your situation.Identify Your Coverage NeedsBefore you start gathering quotes for health insurance policies, identify how much coverage you will need. Start by looking over your past medical expenses for the last three years. Do you need a lot of coverage or do you rarely need to see a doctor?Next, consider your future expected medical expenses. Are you looking to cover typical office visits through the year? Or do you want to protect ...(related: Insurance)
Life Insurance Basics
One of the most important things you can do as parents is to ensure the financial welfare of your children in the event of your death. Life insurance is the best way to be rest assured that your children will be taken care of if you die. Although we never like to think of that ki...(related: Insurance)
Health Savings Accounts (hsa): Do I Still Submit My Bills To Insurance When Using Hsa Money?
The Health Savings Account (HSA) is becoming well-known as an incredible tool to reduce health insurance premuims and still provide good security for healthcare emergencies.This article is about submitting your medical bills while you are still under your insurance deductible, and what to consider before doing that.Generally, submitting your documentation to your insurance company even when you are paying with HSA money is still a good idea.I say this for two reasons.First, if you using servic...(related: Insurance)
Vehicle Insurance Online Is A Convenient Way To Get Insurance Cheap
Online comparison shopping is a convenient way to get cheap insurance for your auto. For the last few years, insurance companies have been dropping their premiums annually because of lower accident rates and increased competition. So, with a few clicks of the mouse, you can save hundreds of dollars a year on your vehicle insurance.Compare at One SiteOnce you have gathered information about your car, driving record,...(related: Insurance)
5 Steps To Cheap Car Insurance Premiums
Although car insurance is compulsory, it's not necessary to pay more than you have to. A few simple steps combined with some time surfing for competitive car insurance rates really can save you hundreds.Step 1 - Cut the Insurer's RiskThe easiest way to cut your...(related: Insurance)
Insurance Providers Weather The Storm While Consumers Flounder
We have just had the first year's anniversary of the flash flooding which occurred at Boscastle in Cornwall. The floods saw some of the worst damage wrought by sudden rainfall in the UK for many years.The flood was caused by the remains of a hurricane which crossed the Atlantic, collecting vast amounts of water crossing, and was then pushed high above an area inland of the village depositing around 1,500m litres (330m gallons) of water within two hours.At the time insurance companies were estimating the bill for commercial damage to local businesses, would be as high as £15m.There is perhaps some comfort for insurers in that it could have been worse. Hurricane Charley, which hit Florida around the same time, cost over an estimated £6bn.In August this year, just a week after Birmingham was b...(related: Insurance)
Avoiding The Potholes Of Car Insurance
Car Insurance is an issue that we all of face in our lives. Do we insure our car or not?For example, what type of policy should you get? What should you look out for when signing on the dotted line? Car insurance can be a minefield if you do not investigate and take time out to rese...(related: Insurance)
Understanding How Your Credit History May Affect Your Car Insurance Coverage
Many personal auto insurance companies consider your credit information when determining how much premium to charge for your insurance. So if you are calling around for new insurance, keep in mind that many insu...(related: Insurance)
Uk House Insurance - The Risk Of Under-insurance
For many years in the UK, motor insurance has been a competitive marketplace. Consumers have been used to shooping around at renewal time with a host of direct companies available. The internet has further fuelled this change allowing more people to access better information when their policy is due for renewal.House insurance has until recently been a much more stable financial product. The relative stability of pricing, compared to a very fluctual motor isnur...(related: Insurance)
How To Negotiate A Settlement With An Insurance Claims Adjuster
You and I. M. Strong, the adjuster from Granite Mountain Insurance, are sitting at your kitchen table in an attemp...(related: Insurance)