Life is like a jigsaw puzzle. You must know all the facts and pertinent information before making a choice. To see the entire picture, you need every piece of the puzzle in its place.
Like the way your Auto Insurance Policy Price being determined, you need some pieces of information or maybe, a common knowledge, as to what the insurance companies are looking for when determining how much your coverage will cost.
There are six major areas that determine your auto insurance policy price. The first is your driving record. A better driving record lowers the total cost of your auto insurance. Avoiding auto accidents, speeding tickets and other driving convictions can keep your clean record that will not cause your rates to be outrageous.
Do a self-check sometimes to see the impact of raising and lowering your deductibles and coverage amounts on the price of your insurance. Raising a deductible lowers your monthly payments while increasing the deductible has the opposite effect. The same goes for the actual coverage amounts.
Studies show that younger drivers are involved in more accidents than older drivers. Inexperience people behind the wheel of an automobile may potentially be involved in a collision. Generally, most insurance companies charge more for individuals under the age of 25.
Thank in large part to theft, vehicular costs and safety records because some cars rate a higher premium over other vehicles. As if it wasnt bad enough, the amount of annual miles you place on your vehicle through driving can increase your auto policy. If you exceed to the total average of 10,00 miles in a year, except a rate increase because you also increase the potential to be involved in an auto accident.
If you live in a big city, youll pay more for your auto insurance policy compared to those who live in a nice farm out in the country. Its because the city has more thefts and has higher rate of accidents, which lead to higher costs absorbed by the insurance company. It was passed along to the consumer when the insurance companies determine you auto insurance policy price.
Hopefully, this information can help you focus in some areas within your auto policy that you can review you insurance agent in the hopes of actually lowering your auto insurance rates instead of raising them. Now, did you see the whole picture of the puzzle?
Homeowner And Auto Insurance Quote – What To Know About Personal Property Insurance
Did you know that if you buy your auto insurance from the same company as your homeowners insurance, you could get a discount? Many companies offer what is called a multi- discount.
Here are a few other tips for saving money when buying insurance:
1.Shop, shop, shop: Always shop around. Different underwriting guidelines may cause one company to charge more for your homeowners and/or auto policy where another company may be able to offer discounts. Get a couple of quotes and compare not only the premiums, but compare overages.
2.Deductibles: Rule of thumb, the higher the deductible, the lower the premium. Remember, however, the purpose of insurance is to make you whole in the event of an insured loss. Don’t raise your deductibles to the point where you’re spending more out of pocket than you can afford. If you currently have a $250 deductible and can live with a $500 deductible, then raise it accordingly. However, if you raise your deductible to $5,000 to save money on your premium and then suffer a loss, that first $5,000 comes out of your pocket. So, raise them only as far as you can afford.
3.Discounts : Ask for discounts. Some companies offer discounts to senior citizens which can amount to as much as 10%. Other companies offer discounts on auto policies to teens who maintain good grades (B or above). Your agent is aware of these discounts so always ask.
4.Longevity: Once you find the right insurance company, stay with them. Insurance companies like loyalty and will offer discounts for remaining with them for several years. Three to five years with the same carrier may earn a 5% discount and six years or more as much as 10%.
5.Credit Score: As unfair as it sounds, your credit score is taken into consideration when determining your premium. Know your credit score and do whatever you can to improve it.
Hartford Auto Insurance Company Is A Financial Giant With A Strong Track Record And Competitive Rates. Maybe It’s Time To Switch?
The Hartford Auto Insurance programs offer competitive rates, high-quality coverages and benefits that are more than just a promise – they guarantee it. Wow, now that’s some statement.
Lets see why millions of drivers are insured with The Hartford.
Combined Auto and Homeowners Discount
If you insure both your auto and homeowners coverage, you could save as much as 15% off the premiums for both policies.
Passive Restraints Discount
Is your car is equipped with automatic safety belts and/or air bags? If so, The Hartford can save you up to 30% off your medical and/or personal injury coverage.
Renewal Discount
The Hartford offers renewal discounts as a special thank-you for your business. Once your insured with them you’ll be eligible to receive this additional discount.
Multi-car Discount
More than one car? You can receive a discount of up to 25% on each car when you insure them with Hartford Auto Insurance Company.
Anti-theft Devices Discount
Do you have car alarms and other anti-theft devices in your car? If you do Hartford Auto Insurance can save you up to 15% off the cost of comprehensive coverage.
Do you park your vehicle in a garage?
Vehicles parked inside garages are not so probable to be stolen and struck by additional vehicles. Owning a garage to park your automobile may give you a slight cost discount.
Other Credits Offered
Depending which state you reside, other credits may be available such as discounts for anti-lock brakes, defensive driving course credits, and more.
AARP Auto Insurance Program
Are you 50+ years? Can you afford $12.50/yr membership fee? Well, AARP offers member discounts for auto insurance through The Hartford. These are benefits and services designed exclusively for members and their changing needs.
You want your auto insurance company there for you when you need them the most, so it’s important to know that The Hartford is a long established company that was founded in 1810 and is recognized for its financial strength, superior track record and excellent customer service.