It's important to get an overview of car insurance price in the US, to find out which factors influence higher rates and determine ways to customize auto insurance policies for better coverage. In the US, it's mandatory for car owners to buy auto insurance, that provides coverage towards injury and property damage, of 2 or more people involved in an accident.
What Affects Car Insurance Prices
According to research, the price of car insurance in 2010 is $1,566. Consumers are often concerned about why prices vary for similar policies. Some factors that affect car insurance prices are the age, gender and marital status of the car owner. Drivers below 25 years of age are charged the highest insurance rates, while drivers above 50 years of age pay the lowest premiums. Female drivers are charged lower insurance rates than male drivers. A married person will also pay less for auto insurance than a single person. Moreover, the make and model of the car affect the insurance quotes offered. The more expensive a car, the higher is the cost of the insurance. Apart from these criteria, a driver's record is one of the most important factors that influence the cost of auto insurance. The safer the driver, the cheaper is the insurance. The location or area where the car owner lives also determines the insurance premium charged. Due to higher rates of theft, accidents and vandalism, urban drivers pay higher premiums than drivers living in rural areas.
Lowering Auto Insurance Rates
Car owners should shop around and get quotes from multiple auto insurance companies to ensure that they buy low price car insurance. Drivers can also take a course in defensive driving, increase the amount of deductible they would have to pay in case they make a claim, install anti-theft devices and safety devices in their vehicle, and take advantage of certain discounts such as good student discounts. In addition, consumers could use one insurance company for all insurance policies, improve their credit rating and improve their driving record to ensure that they pay low prices for their car insurance.
To get the best price dcar insurance, drivers should consider not only the insurance rate, but also the reputation of the insurance company and the coverage provided. It's important to check the background and financial statistics of the insurance company before dealing with them. Drivers that reside in a state that uses the Tort System must purchase additional coverage as the expenses involved in a serious accident end up quite high. Car owners should research major auto insurance companies like GEICO, Allstate and PROGRESSIVE. It's now possible for consumers to name their price for auto insurance. They can also build a customized policy at a price that fits their budget and choose from a range of options based on their desired coverage.
When getting quotes for auto insurance, car owners should ensure that all the quotes involve the same parameters. This will help perform a comparison of different quotes that offer the same coverage. There are several auto insurance quote comparison tools available online for this purpose.