Buying and owning a car costs money. Besides having to deal with the rising costs of fuel, there are other essentials that you have to take care of – like car insurance.
The idea is to get the best coverage possible for the cheapest possible price. It is never easy trying to get cheap auto insurance as you still have to do research on the insurance rates. Surfing the Internet is the most convenient way to get the information that you need on the matter, but there are some lesser known aspects of the business that it pays to know about.
The make and the model of your vehicle.
If the insurance company assesses you car as less risky, they will give you a cheap insurance quote. Insurance companies annually update their list cars with possible rates of risk and their corresponding premiums. It follows that cheaper cars will have cheaper insurance coverage while an expensive vehicle like a 4 x 4 jeep will get a higher rate of coverage. This is easily explained by the fact that the more expensive cars are, the more difficult it is to replace. Vehicles like these are also more attractive to car thieves, thus the higher risks for insurance companies. Large cars are considered safer and could get lesser insurance premiums.
Your neighborhood or residence.
If you live in an area that has a low crime rate, your vehicle will have less chance of getting stolen or broken into. Insurance companies will be more willing to give you cheaper rates. If you have a car alarm plus you keep your car in a closed garage with an alarm system, reduced rates will be easier to request.
Seat belts and air bags.
If your vehicle is fully equipped with safety devices like seat belts and air bags, you have a higher chance of getting reduced insurance rates since your car will be safer for the driver and the passengers.
Minimum usage of vehicle.
If you do not use your car that often, you could get lower insurance costs. Insurance companies like to insure vehicles with minimum risks. Use your vehicle only for the basics, like driving to work and back, and for shopping on weekends. Try to limit the mileage in your car to 12,000 miles a year. Insurance companies will check this out, and if you do not go over that figure, chances are higher that you will get favorable rates.
