How to Accurately Compare Car Insurance Rates Online

Perhaps you have just learned that you may be able to save money on your car insurance policy by checking online and you immediately hop on the Internet and begin searching. This is not exactly the best way to go about searching for online quotes, but the idea of course, is you can save money by using the Internet to compare various companies in a side-by-side view.

One of the problems that most people fail to do when they compare online quotes is they have no idea what they currently have in their car policy. Therefore, it is hard to know if the prices you are seeing are actually comparable to the cover you currently have. For instance, let’s assume you have full cover on your vehicle because you have a lien against it, but if you get online and being comparing rates to those that are just for liability or the minimum required amount, of course this will be much less than what you are currently paying.

The fact is, in order to compare online rates properly to what you currently have, you must do so by getting a copy of your current policy and looking at the various cover you have in all areas. That way when you go to the website of your choice to compare rates, you can plug these numbers in and get an accurate price quote and then compare that to what you currently are paying. Nine times out of ten, you will find that the online quote is less than what you are currently paying. The main reason for this is the Internet has caused the car insurance industry to become extremely competitive, meaning they are willing to offer you discounts in order for you to buy a policy with them.

Many firms will even offer you discounts for safe driving or if you have had a clean driving record for a number of years. This is truly a great way to find the best prices on insurance by taking the time to compare car insurance via the Internet. Of course, you will want to check out the company that is offering the lower rates to make sure that they are in good financial standing and that they have good reviews as far as handling claims and customer service. Again, the best way to do this is via the Internet, but not directly on the company website because these are often screwed and only the best reviews are listed. Once the company checks out, then you can proceed to purchase a policy and begin enjoying your savings.

Finally, when you compare car insurance online, do not cancel your current car insurance until you are approved and have the new policy in place, then call and cancel your old policy. This prevents any lapse in cover from changing to a new policy because sometimes it may take them as long as a week to get you all set up before you insurance is effective.

Car Insurance Rates – Why Do They Fluctuate?

When you buy the same car that your neighbor has but still pay more for your insurance, it is bound to leave you frustrated. However, you should know the different reasons as to why this happens. There are a lot of explanations for this phenomenon and an understanding of the same might perhaps help you figure out as to why you might end up paying more for your car insurance compared to the others. If you want to learn more about the reason car insurance rates vary from one place to another, you might want to continue reading and try to improve your rate somehow.

Credit history

An important reason for the insurance rate to waver would be because of your credit history. Hence, if you have skipped bills and not made payments on time, you are more likely to pay more for your car insurance compared to others. People with poor credit rating are much more likely to be having significantly higher car insurance rates compared to others. Hence, make sure that you take care of your finances and make all the payments on time to avoid getting penalized for this later on.

Driving record

If you are someone that has had too many accidents I the past, it is quite likely that you are going to be paying more for your car. Insurance companies view drivers with accidents in the recent past as risky individuals, which is why they are made to pay amongst the highest car insurance rates. If you want to be sure that you wouldn’t want to be in this group, then you should be more careful on the road and always obey the law. Getting too many tickets and violating the law while using your vehicle will all contribute to an increase in your insurance rates.

Gender and Marital status

You might find it hard to believe, but there are certain parameters that are true in your case which might be working against you when it comes to car insurance rates. These includes things like gender and marital status, both of which are used in determining how much money you might be coughing out for your insurance on a regular basis.

Men pay higher than women and divorced or single men always pay more than their married counterparts. These rates are based on statistical data available with insurance companies which indicate the kind of people that might end up paying more for the insurance than the others.

Hence, now that you have an idea about how insurance is computed, you might be in a better position to determine whether or not you are paying more for your car insurance. In most cases, it might be easily determinable by just getting multiple quotes. However, at other times, you might have to do a little bit of research before knowing for sure about whether or not your rates are the best in the market. If for some reason you feel that your car insurance rates and cheap car insurance are higher than normal, you should consider switching and opting for insurance coverage from some other company.

Car Insurance Rate Quotes – Flexible

There are car insurance rate quotes that are better than others. It is for this reason that you must give yourself the opportunity to compare a list of the best quotes. The quickest and easiest means of doing this is online. Getting a quote is what sets the insurance procedure in motion. If you want to save as much money as possible then you must make certain your insurer is aware of all the good reasons you will be a low risk client.

Make a point of letting the insurer know you have a lock up garage. If you have a burglar alarm let them know. These are all safety measures they should take into account. If you park your car overnight in the street and you live in a location where there is a high level of car theft then you will pay a higher premium.

Another reason for a lower premium is if you have a new car. A new car should be in perfect working condition and not require repairs for a long time. It is also very important for you to understand that you must maintain your car and this means you must have your car regularly serviced. Keep a record of the service dates and who serviced the car. This is all proof that you are a responsible vehicle owner and therefore not a high risk to the insurer.

If you own a car that is used then it is very important that you keep a record of when and where your car is serviced. Regular maintenance of a vehicle is the only way to keep it in good working order and to prevent any breakdowns from occurring. There is a good chance that an insurer will view this favorably when you ask for a low premium.

Bear in mind that even if you have received car insurance rate quotes that are cheap you can still ask for a discount or try to lower the quote. Car insurance rate quotes are not carved in stone and are flexible because very driver is an individual with different requirements.