Now that you have bought your dream car, it is time for getting proper insurance coverage to your car. And insurance for your car is a major purchase just the same way as the car itself.
What is the best deal in auto insurance?Like the car itself, the car insurance needs to be thoroughly researched and compared between quotes offered by several car insurance companies. Only then you will be able to strike the best deal. Best deal means you get all the required coverage for a price that is reasonable and fair.
First try to understand what influences the insurance priceThe insurance rates are determined on the basis of the following factors:
Risk factor is the foremost criteria to determine individual rates.
Risk factor relates to the chances of an individual’s meeting with an accident. On the basis of the assumption that people with higher stakes make more responsible drivers, a certain class of drivers are offered lower rates than the others.
If you are over twenty five years of age, married and have children and are in any responsible career, then you are likely to grab the lowest car insurance rate.
Even if you are younger, your chances of securing a lower rate are high, if you have successfully completed a pass plus course
The locality of the driver is another determinant factor in insurance rate.
The people residing in the rural area will have better rate because of the reason that the cases of accidents are rarer in these areas.
Contrastingly, daily commuters through the crowded roads at the rush hour are charged with much higher rate.
You can also obtain lower insurance rates if you happen to drive a car that has the highest manufacturer’s safety rating.
So how can you grab the best offer from your position? Here are the possible ways:
Don’t go by the first quote you receive; Shop around to know who is offering what and make a comparison among them.
The Internet provides the best solution for getting several insurance quotes in a short time. Here you will get to compare the prices offered by several insurance companies with just a click of the mouse.
Also take into account the testimonials of your friends relating to a particular company; their experience can give you the proper account of the process, customer service and efficiency of the company to settle a claim.
However, before comparing prices, just check which risk group you belong to and expect accordingly. You are entitled to get a better rate if you are a married man having children than a teenage driver driving a sports car.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment