There’s probably not one driver who would pass up the opportunity to be given an affordable car insurance policy. Because we know this, we at Online Auto Insurance have worked our hardest to help drivers everywhere enjoy affordable coverage. We offer a free quote comparison tool and information with articles on how to find coverage with much affordability.
Affordability Defined
Everyone has a certain idea in their head about what constitutes as an affordable policy price. All of these opinions are different. Truly, when it comes to auto coverage, affordability means paying a price that is well within the driver’s budget without having to stretch dollars to pay for it. An affordable rate allows even drivers with a low income to be able to pay for their insurance. Each driver has their own idea of the affordable rate in specific terms which will vary from driver to driver.
Finding Affordable Coverage
Affordable coverage is out there but it will take some effort on a policyholder’s part to find it. The more affordable the coverage, the more work it takes to get it. Drivers don’t need to assume they can only get coverage they can afford by having very little coverage or by being a perfect driver. There are ways to find the cheapest rates for the policy wanted, and then to make the price lower the driver should go about using discounts and other opportunities to make the price decrease.
First, gather as many quotes from surrounding insurers as possible for the same policy. This helps you see where the cheapest price will be found for the coverage you want. There are two ways to do this, and one is definitely easier than the other. One method is to collect a quote from every insurer you know of in the area. This is done by contacting them individually and speaking with a representative. They are usually very friendly but can sometimes be a tad pushy to sign up with them for your policy needs. The conversation can take anywhere from 10 to 30 minutes, depending on how much information they need to get from you to construct a quote. Then this process is repeated with the next insurer, and so on until your list is complete. This takes a lot of time and effort on the driver’s part.
A shorter and easier method would be to use our quote comparison tool. This tool is more of a questionnaire that asks for a little fundamental information and then turns that information into quotes from a number of insurers in the area. The entire process takes maybe 10 or 15 minutes to complete and there is no need to speak with any representatives. The list of quotes given will show you which prices are the cheapest for a better chance of getting affordable coverage.
Second, after quotes have been gathered and the cheapest prices found, purchase one of those policies with the intention of also applying as many discounts to that price as possible. When the policy is purchased, contact the insurer and discuss their list of possible discounts. Many times, a provider will allow a policyholder to combine discounts for the most savings. There are discounts available to students, senior citizens, drivers with great driving records, as well as discounts for having safety features on the vehicle or taking a driving class that teaches better driving skills. The list continues with possible ways to save more on the final cost of the premium.
Affordable Rates
Getting affordable rates may seem out of reach to some drivers, but it’s really possible for any driver to lower what they are paying for auto insurance. Knowing how insurers determine a driver’s rates will help them better understand what they can do to always get affordable coverage.
Insurers have a system where they assign a level of risk to each driver. This level is figured out using statistics of previous drivers over the years. An insurer will look at an individual driver very closely before assigning them to a level. They look at their driving record to see how they have behaved on the road in the past few years. They also consider the driver’s age and area of residence or where the car is stored when not in use. The car’s year, make and model are also contributed to determining rates since a more expensive car costs more to insure and repair. The current mileage on the vehicle and the estimated annual mileage are also taken into consideration.
The level is assigned, and the higher the level the more money that driver is going to pay to purchase this particular insurer’s coverage. A high level of risk means there is a high or good chance the motorist will have to make a claim in the future while given insurance from the provider. Any time an insurer needs to payout on a claim, they lose money. So, to keep this somewhat balanced and still come out making a profit, insurers charge these high risk drivers more money than they charge a low risk driver. Being a low risk driver enables them to pay less for their coverage because there is a low chance they will be making a claim.
Low risk drivers are ones who do not get tickets regularly or are involved in many accidents. They drive modest vehicles that don’t have too many current miles and only put on a minimum number of annual miles. They live in low crime areas where they park their cars in locked garages when they are not driving. These drivers have had experience driving for some years now and they know how to handle themselves on the road.
There is a way to find affordable rates for every driver. The possibilities on how to save a few dollars here and a couple more there are available to most drivers. Even high risk drivers can learn what they can do to find affordable auto insurance and save on their policy if not right now, then down the line. Every driver’s best bet is to use OnlineAutoInsurance.com to find their affordable coverage.
