


Car Insurance Rates – Can You Lower Them?
Peter Crump
Car insurance rates are prohibitive nowadays. Many families really struggle to pay the car insurance bill each month. And car insurance rates vary all the time. So if car insurance cost is an issue for you, what can you do about it?
The car insurance industry is a massive industry. It is also a highly competitive one, and car insurance rates vary over time as car insurance companies compete for business. Car insurance rates are often highly fluid.
It is entirely possible to lower the cost of your auto insurance rates by altering your behaviour, and you can do this by having a better understanding of how the rates are assessed.
Car insurance rates are based on an assessment of risk. Whilst insurance companies vary their rates to compete with other insurance companies, they also vary their rates based on their assessment of the risk posed by a particular driver driving a particular car. They do this because there is no point in buying business with low car insurance rates and then insuring high risk drivers at these rates. This is a recipe for losing money.
So, if you lower your risk, you lower your car insurance. How do you
lower your risk? Well there’s a number of ways that your own driving and car behaviour can affect your car insurance rates.
Have a look at the car you drive. Is it suitable for your current needs? If not then would it be worthwhile to consider a change?
Different cars attract different auto insurance rates. Sports cars, high powered cars and cars at greater risk of theft attract higher rates. How long have you had your car and would it be wise to think about another one that would be cheaper to insure and more useful to you?
Are you a safe driver? Do you stick to the speed limit? Are you at risk of other driving offences? Many people do not think about some of the consequences of speeding tickets and driving offences until after they have seen their subsequent car insurance bill.
Your risk profile is a direct result of your driving record. A clean driving record and you will be rewarded by cheaper rates. A poor driving record and you will be penalised, usually for quite a while.
Are you willing to attend driver training courses? Many car insurance companies offer specific discounts for drivers who have attended a course. Why? Lower risk.
Are you willing to drive less? Could you car pool or use public transport to get to work? Car insurance companies look at the amount of driving their clients do when assessing their car insurance rates. Why? Lower risk. Less miles driven equals less risk. And you’ll save on other car costs too.
So if auto insurance costs are an issue for you and your family there are things you can do. These are just a few of those things, there are many more. Car insurance rates are not set in stone.
About the Author
For a website about Car Insurance visit Peter's Website Car Insurance Answers and find out about Car Insurance as well as Cheap Car Insurance and more, including Online Car Insurance Quotes, UK Car Insurance, Car Insurance Rates and Car Insurance Quotes.
CAR2GO: DRIVE IT LIKE YOU SHARE IT U-T San Diego The big picture: In November, San Diego became the second North American outlet for Car2go, a car-sharing company that allows you to rent small, fuel-efficient Smart cars by the hour. Is it possible to get the convenience of car travel without the ... |
Life in the convenience lane with Car2go U-T San Diego Cars at the Car2Go office on Ninth Avenue in East Village wait to be picked up. — Howard Lipin The big picture: Last November, San Diego became the second North American outlet for Car2go, a car-sharing company that allows you to rent small, ... |
Former Oceanside Police Officer Files Racketeering Claim Against Chief San Diego 6 By San Diego 6 News Reporters SAN DIEGO -- Attorneys for a former police officer locked in a legal fight with the city of Oceanside released audio tape recordings Thursday that they say show high-ranking police officials made false statements and tried ... |
![]() Los Angeles Times | Stanley ready to move on from Torrey collapse San Francisco Chronicle By DOUG FERGUSON, AP Golf Writer Chris Carlson / AP Kyle Stanley looks at his wedge after hitting into the water on the 18th hole during final round of the Farmers Insurance Open Golf tournament in San Diego, Sunday, Jan., 29, 2012. Golf Capsules: On The Fringe - Stanley ready to move on from Torrey collapse |
![]() USA TODAY | Bubba Hopes to be in the Pink Again in San Diego Cybergolf National While many of the game's top-rated players are in the Middle East for the European Tour's Abu Dhabi HSBC Golf Championship, most of the regulars on the PGA Tour continue their 2012 seasons with the Farmers Insurance Open. The $6 million stop commences ... PARIS: Mickelson doesn't make cut |
Making good on the San Diego State blog bet One Bronco Nation Under God The Boise State men's basketball team lost a nailbiter to San Diego State on Wednesday night, and in addition to loads of self-worth and money I had riding on the game, there was also the small matter of a blog bet with SDSU blog Aztecs Killing Him. |
Doug Manchester: San Diego's Cheerleader in Chief Voice of San Diego A copy of the UT San Diego rests beside him. He owns that, too. He bought the newspaper company for roughly $110 million in November. One of the perfectionist's first changes at the newspaper? He hired more janitors. Like the gold leaf trim and ... |