Enter Your ZIP Code

Finding Out the Best Auto Insurance Rates


Getting the best auto insurance rates is not about finding the cheapest premium. It is about being able to sign-up to an insurance product that will give you the best value for your money. Of course, an insurance company will base it on the condition of your vehicle and your current circumstances. Ideally though, the best auto insurance rates are offered for brand new cars because you are least likely to get into an accident due to brake lining corrosion or faulty parts. It is, however, a must to shell out money each year for insurance so there is actually nothing much to decide on if your car is not brand new anymore.

Finding the best auto insurance rates can prove to be challenging. It is like house hunting when one has to decide which one to buy; after all, options are already laid out. This means it is important to ask for quotes and study all offers. Most insurance companies are open to giving huge discounts. Your part is to know why cheaper rates are given to those who deserve it.

If you have been driving for years, ask yourself: Have you been a responsible driver on the road? Do you collect traffic violations tickets and have been apprehended many times over? If you answered no and yes, then probably you will not be qualified for the best auto insurance rates. Insurance companies will check how much a road risk you are. If you are a high-risk driver, your rate would be higher too. Other people considered to be high-risk are new drivers and senior citizens. New or student drivers are high-risk because their driving history is still short, and generally, young drivers are deemed to be reckless on the road because of a newfound freedom they seem to feel. Senior citizens, on the other hand, are thought of as risky on the road because people think their senses are already not sharp due to old age.

A person’s credit rating is also considered when a company quotes him. If one is doing good and paying off all dues, he is believed to be a responsible person who handles his finances well, thus, will also religiously pay his premiums. The car you own will also determine how much you will be charged for insurance. New and high-end models will yield a higher quote while a pre-loved or a three-year old basic car will get a better deal.

Finding the right partner with your insurance company is not an easy task, but once you find one, you will surely reap the rewards later on.