Friday, September 7, 2012

Insurance Quotes

Insurance companies are not quite the same animal as banks and lenders. They have no interest in income and credit histories, but instead are interested in what is being insured. When seeking cheap car insurance quotes, for example, they want to know your neighborhood, the age of the car, the frequency with which it is used and your driving history.
Without a doubt, information is the key to the terms an insurance company will offer. What this means is that the right information will translate to great savings on insurance premiums, and lets face it, securing low rates is the basic motivation for everyone.
But what are the measures that consumers can take to lower the cost of their car insurance? Searching for the right deal is only part of it, the information provided in the application form is also influential.

Location, Use and Users
Your location is one of the aspects that insurers are interested in. The reason is that the neighborhood a car owner lives in can have a bearing on the risk of theft or damage, for example. So, when seeking cheap car insurance quotes, highlight the area that is being lived in if it is a statistically safe area.
Another factor is the frequency with which the vehicle is typically used. For example, if the vehicle is to be used for work, then it is likely to be used every day and (possibly) for long periods of the day. This means an extended period of time on the road, and therefore a greater vulnerability to traffic accidents. Securing low rates is easier if the car is to be used infrequently.
A third area to provide details on is who the users will be, specifically the principal driver. This might seem strange, but many car insurance policies include discounts for female drivers. So, if the lady of the house is named as the principal driver, the premium will be lower.

Car Details
Of course, the vehicle itself is extremely important when hoping to secure cheap car insurance quotes. The smallest details can actually have an effect on the size of the premium, so careful consideration should be given to taking several measures.
For example, the security of the vehicle is highly influential. So, it is possible to lower the premium by investing in additional security features, like improved central locking system, steering wheel immobilizers and better car alarm. Such details make securing low rates pretty easy.
Another feature that should be detailed (and always truthfully) is whether or not there have been any accidents in the recent past. Most car insurance policies have a staggered charges structure for those who have made claims. A claim made a year ago will mean a higher premium than if a claim was made three years ago. Usually, claims made five years ago or more are ignored.

Online Insurance Deals
Shopping for cheap car insurance quotes really means taking to the Internet, since the best deals are to be found there. The growth of comparison websites mean that it is now easy to compare the best offers from the leading insurers, but it is always necessary to look at the details closely before making a decision. The policy positioned at the top of the list is not necessarily the best.
Securing low rates might require more than just a quick glance, but it is equally important to spend some time checking the reputation of online insurance companies too. Use the BBB website to do so and, when satisfied with the quality of the company, then consider their car insurance offers.

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