Lower Car Insurance Price - 5 Considerations To Computing Your Car Insurance Premiums - Insurance tips - Product at BestRealEstatePlanet.com

 Lower Car Insurance Price - 5 Considerations To Computing Your Car Insurance Premiums - Insurance tips - Product at BestRealEstatePlanet.com
        
Properties for sale | Rental properties | Agents | Member area | Contact us

Lower Car Insurance Price - 5 Considerations To Computing Your Car Insurance Premiums


Posted by Justin Koh

Here are 5 factors which car insurance companies take into considerations to compute your premiums.

Have you ever wonder why car insurance costs vary from one car insurance company to the other? This is due to the different type of computation factors that car insurance companies use to derive the car insurance cost. Based on the answers that you replied to the car insurance company, they will add or discount the cost before arriving at a final price for your car insurance. Thus, it is important for you to shop around first before you commit yourself to a particular car insurance company as different companies take a different view of the various high risk factors. We will look at some of the factors that car insurance companies take into considerations.

1. Having a clean driving record

Without a doubt, car insurance cost would increase if you have been convicted of a driving conviction. Thus, it pays to be a safe driver so that unnecessary costs won't be incurred.

2. Adding additional drivers to the policy

By adding additional drivers to the policy, extra premiums will be added. Thus, do not add in drivers into the policy just because you think that this person might be using the car in the future. Consider carefully whether it is necessary to add this person into the policy.

3. The age and gender of the driver

If the driver is under the age of 25 the rate will mostly likely be fairly high. This is due to the lack of driving experience. Usually, you will need to have over three years driving to be quoted a lower rate. Also, a single male driver rates higher than a single female. This is because males are rated as a higher risk to car insurance companies.

4. Your credit report history

Most car insurance companies take into account of your credit history. Paying your bills on time and maintaining a good credit history will allow you to enjoy lower car insurance cost.

5. Anti-theft alarm

Fix up an electronic central locking and alarm on your car. Discount could be given by insurance companies when you have anti-theft devices install in your car.

Justin Koh is a freelance writer whose articles have appear in most major ezines. You can find more of these at: http://www.carinsurancecentral.info

You have permission to publish this article electronically or in print, free of charge, as long as the bylines are included. A courtesy copy of your publication would be appreciated.


Submit your property
Submit your agency
Suggest an article



Real estate tips
Legal tips
Travel tips
Outdoors tips
Vacation rentals tips
Mortgage tips
Loans tips
Insurance tips


Our partners Plastic boxes from UK




© Copyright BestRealEstatePlanet.com, 2006-2024

Websites directory    
Resources & links  


2Checkout.com, Inc. is an authorized retailer of BestRealEstatePlanet.com