If you want to get the best insurance rate possible, it is necessary to compare auto insurance rates from a number of different companies. Comparing quotes online is one of the best ways to do this, since each company’s rates are offered in different ways. You need to find the cheapest rate for age, gender, and driving record.
Gender is a factor when you are determining insurance rates. Females tend to have lower rates than males. Age is a big factor as well. Over 20% of the drivers in California are between the ages of 16 and 19, which means they are a high insurance risk. California has a high rate of car accidents. This is why car insurance for young drivers is so high.
Driving record is another factor to consider when determining rates. Lower the risk of getting in an accident, the lower your insurance rates will be. Those that have very few points on their record will have the advantage when searching for the best rates. The agencies will check your driving records before offering a quote. If you have few points, it is beneficial to have a low deductible so that your rates come down after a few accidents. This leaves you with the money to cover the deductible instead of running up a high premium after a few accidents.
A high deductible can be a good option if you are a very careful driver. Otherwise, it would be a waste of money because you would have to pay for almost nothing should you get into an accident. Many people can live with a high deductible. It is just not cost effective to do otherwise. The amount of your deductible will be directly affects to your premium. You can save from 15% to 35% on your premium just by raising your deductible by five hundred dollars. However, if you have an accident, you will have to pay a high deductible before your rates drop significantly. Make sure you can afford a high deductible, since if you cannot, it is best to keep a low one.
Saving money on car insurance does not have to be about chance or luck. You can do things to make you a less risky driver. Getting traffic violation tickets is a good way to lose money on auto insurance. Not buying a sports car or a flashy car can also save you on car insurance premiums. You may also have to take a safety course, or it may not be offered in your area. Check with your insurance company to see if they offer lower rates for anyone who takes online driver safety courses.
Younger drivers, those under 25, are considered risky drivers. If you are in this age bracket, you can be assured of paying high premiums. You can get more affordable rates if you stay in school and maintain at least a 3.0 grade point average. Cheaper auto insurance rates will be available to those who have good grades.
Make sure you shop around before you commit to buying coverage from any insurance company. Insurance companies are notorious for giving very different rates to different people. Getting multiple quotes from different companies will guarantee that you find a cheap policy that fits your needs.