Car maintenance costs, the price tag on new vehicles, the financial consequences of getting involved in a road mishap – all of these expenses are on the rise. This is the reason why it is important to look for a comprehensive yet cheap car insurance plan if you are a vehicle owner, especially if you drive your car to and from work.
The problem is that if it is your first time to obtain a car insurance – or if you currently have one and you want to switch – you may be overwhelmed with the choices. It is good to remember that not all car insurance plans are created equal.
If you want to pay the lowest car insurance quote while getting the most comprehensive plan possible, then you should make a comparison of the rates, as well as the terms and condition of the insurance plan.
Enumerating the Factors which Influence your Car Insurance Rates
It is possible to get a cheap car insurance plan which offers an all-inclusive coverage. This is because providers are competing with each other, that is why they offer discounts, promos and cheap car insurance plans as a way to attract customers.
Now, if you are looking for cheap auto insurance quotes, here are some of the factors which influence your car insurance rates:
1. Your age, gender and marital status
Discounts are given to teenage drivers and female drivers. Insurance companies consider women who sit behind the wheel to be 'safer' drivers statistically, as compared to men. As a result, they offer discounts to female drivers who want to take advantage of cheap car insurance. Those who are married also get lower insurance premiums than single drivers.
Teenagers who get good grades, and those who have successfully completed a driver's education are offered car insurance quotes discounts. Finally, those who are 65 and above who have completed a defensive driving course are also entitled to the discounts provided by car insurance companies.
2. The model and make of your car
The more 'attractive' your car is to thieves, the higher the insurance premium that you have to pay. You may want to consider this when checking out that luxury car in the showroom – the insurance premiums alone may cost you a fortune.
3. Your driving history
Generally, those who have a clean driving history are entitled to cheap car insurance rates as compared to those who have been involved in accidents.
4. Your overall mileage
Your overall mileage, or the distance that your car travels in a year, will affect the car insurance quote which will be given by the provider. Specify whether you intend to use the car for business, travel or commuting.
5. The deductible that you are willing to pay
Naturally, the higher the deductible that you are willing to pay, the lower your monthly premiums will be.
6. The anti-theft devices installed in your car
If you have anti-theft devices installed in your car, you are bout to get cheaper car insurance quotes as compared to owners who don't.