


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.
![]() Popular Mechanics | How to Get a Used-Car Warranty (and Not Get Screwed) Popular Mechanics Like any insurer, carmakers want to insure mostly healthy patients. But unlike health insurance providers, car companies can inspect every patient top to bottom to make sure it's healthy. They'll do small repairs to prep a CPO for sale, but any vehicle ... |
2012 Infiniti M35h Truth About Cars The typical end result: a car with few memorable characteristics, good or bad. Despite a “have your cake and eat it too” powertrain, the Infiniti M35h is not such a car. You might not like everything about it. But you will remember it. |
![]() Torque News | Why you need insurance advice before you buy a car Torque News If something like a Nissan Versa or Honda Civic runs into an Infiniti QX56 from any angle, the likely result would be the commuter scrunching under the SUV. This would effectively demolish the entire front end and windshield, deploying at least one ... |
![]() The Weekly Driver | Volvo, Infiniti, Mercedes-Benz dominate 2012 safest cars list The Weekly Driver With its auto content, Forbes.com likes lists. Its current offering, like much of its other car content, is subjective — the safest 2012 cars. Infiniti, Mercedes-Benez and Volvo, with three selections, dominate the list. The subjectiveness of the list ... |
Price trumps safety when it comes to buying vehicles in BC: survey Vancouver Sun Russ Rader, spokesman for the Insurance Institute for Highway Safety, a group that prepares an annual list of vehicle performances in crash tests, said not all cars are created equal. “There are vehicles that go a step further and are the cream of the ... |
![]() Globe and Mail | Kia puts hold on start/stop system Globe and Mail The 2012 Kia Rio subcompact sedan was launched in Canada last week with a bevy of surprising options for a car that starts under 14 grand: heated steering wheel, GPS, leather seats, UVO Microsoft-based voice-activated audio system and a cooling glove ... |
2013 Buick Regal gets standard eAssist, automatic option for GS Autoblog (blog) US News and World Report has named the Regal the "Best Upscale Midsize Car for Families." Last month, it was named "Best Car for the Money" in the same category. The "Upscale Midsize Car" category includes 19 different vehicles. |