Lower Premiums with Auto Insurance Quotes

It is no surprise that everyone wants to pay be less for their car insurance. Now you can easily get lower premiums when you request auto insurance quotes from competing insurance companies. You can get free online quotes any time of the day when you are ready to purchase car insurance. But how do you know if the proposed rates are accurate? Insurance companies consider several factors when determining your premium. The better you understand this process, the more informed your decisions will be when you review insurance options.

Role of Public Records

Obviously a primary risk factor is your driving history.

How to Compare Auto Insurance Quotes

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The more tickets and violations you have, the higher your premium will be because you are considered to be a high-risk driver. Insurance companies access your driving records to determine if you are likely to be involved in accidents in the future. If you have points on your record, you will be penalized with higher rates. Some insurance companies may even review other public records such as newspaper archives and criminal records. If you have been arrested for drunk driving, even if you were not convicted, this will impact your premiums. Other criminal convictions, particularly vehicular-related ones, can also result in higher premiums.

Credit Checks

It is not unusual for insurance companies to conduct credit checks on current and prospective policy holders. Individuals with high credit scores may benefit with lower rates. Unfortunately, the inverse is true as well with poor credit resulting in higher premiums. Not all insurance companies include credit scores in their calculations and those that do may not alert you to the fact they have your credit information. They are permitted by law to access your credit rating without notifying you before or afterwards.

Potential Discounts

Lower premiums are possible when discounts are included in the insurance company's rate calculation. When you request online auto insurance quotes, check to see if discounts are included in the proposed policies. Discounts vary in terms of types and values. Older drivers with no driving violations can receive substantial discounts. Even teenagers who are academic achievers can get "good student" discounts. Other discounts may be based on the type of vehicle you want covered or the number of vehicles owned.

All of these factors combined, along with several others, are used by insurance companies to set rates for individual drivers. When you get online quotes from competing insurance providers, you can ask them how they determined your rate if you are not satisfied and believe it should be lower.