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The Qwest For The Best Car Insurance Rate

Jan 9, 2008
It is hard to understand why people do not comparison shop as they should when they are seeking a good car insurance rate. The insurance companies take many factors into account when they determine how much to charge you, and based on those factors, you will likely pay a different rate than someone else with the same model, make, and year of vehicle.

One of the newer things that now figures into determine your premium is your credit score. Like any other business, insurance companies want to make sure they are going to be paid, and paid on time. They take bad credit very seriously and sometimes may elect to not even write a policy on someone if their credit is bad enough. Before you start shopping, get a copy of your credit report and do what you can to get it cleaned up.

Obviously your driving record will have a significant impact on your rate quote. If you have any moving violations in the past 3-5 years, your rates will almost certainly be higher. This also applies to anyone you have listed on your policy who will also be driving your car, like your spouse or kids.

The age of the drivers will also be an important factor for determining your insurance rate. Drivers that are under the age of 25 will always pay a higher premium. The same is also true for those drivers that reach the age of 70. This is because the most deadly accidents on our roads are caused by drivers in those two demographics.

Interestingly enough, the drivers gender also is factored in. Frequently a female driver will get a better rate quote than a male driver because, statistically, they tend to be safer drivers. But like anything else, this trend is not proving to be as true as it was just a few years ago, so this criterion may be dropped in the near future.

Again from a statistics standpoint, you will pay a lower car insurance rate if you are married as opposed to the rate you are charged if you are single. The records show that married people appear to be more responsible drivers with fewer claims, and they also are more apt to pay their bills on time than their single counterparts.

Most insurance companies will offer a multi-product discount if you have more than one type of policy with the same company. For example, if you also have life insurance or home insurance with the insurance company in addition to your car insurance, you can frequently get a discount on both policies. But it still pays to shop around to make sure you are not still paying more than you need to.

Understand the factors that go into pricing a car insurance rate and do what you can to take advantage of the factors in your favor to get the best rates. Ask the insurance agent if there is anything you can do to get a lower rate, where some companies will offer a discount if you agree to take and pass a driver improvement class.
About the Author
For more insights and additional information about getting the lowest Car Insurance Rate as well as getting a free car insurance rate quote online, please visit our web site at http://www.tips-for-car-insurance.com
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