Are You Paying Too Much For Auto Insurance

By: Laura Buckley

Ever wonder if you pay too much for your car insurance? Surprisingly most people feel that they do so you're not alone. Trying to decipher insurance can be confusing and some people feel a bit intimidated when it comes to looking at their policy. With so many options to insurance and policies on the market theses days how do you know for sure who to select and what type of coverage is actually best for you?

Well first thing is first, in order to help you get the lowest rate possible to cover you for the car you are driving you must first understand and learn about the factors that could be affecting your premium. So many things come into play with that. Insurance companies just don't pull numbers out of thin are and then say there you have it. Insurance carriers do actually factor in quite a bit to determine the risk they are to assume with you.

The main point here is for you to understand what those factors are and then learn how use those factors to tip the scale in your favor. Does that make sense to you? Well it should because it's that simple. What auto insurance means in the most simplest of terms is protection. Protection is the peace of mind you pay for just incase you have a collision with a guard rail and want to have your car repaired or worse, involved in an auto accident with another vehicle and need medical attention.

Your current and past driving record is what gets looked at first with insurers. I hope that is no surprise to you. Insurers do this to estimate their risk for insuring you. Sometimes you need to turn the tables and see what it means for a company and what it does t them. What an insurer looks for when they scan your driving record history is:

1. At-fault accidents usually within the last three to five years.

2. Traffic violations usually within the last three to five years.

3. Claims made by you, usually within the last three to five years.

Know this for sure that if you've received marks or blemishes against your driving record, you can be assured that you'll be paying more for your auto insurance because of that. The good news is that this doesn't last forever. After a few years of hopefully driving good and you've cleared up any issues you can start to regain a positive rating on your insurance.

Even though you may have had some blemishes it doesn't mean that you have to pay through the roof with premiums. Companies vary and so do their rates. Always shop around and compare rates and services. Don't assume that you are always going to pay for more than you should. Companies will compete to get your business.

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