How do I Compare Auto Insurance Prices?
Your auto insurance rates are based on several factors and each factor makes up a different percentage of the amount that you pay for your car insurance. This is why you need to have certain information available to you when you start to shop and compare auto insurance quotes.
In order for the insurance company to give you accurate insurance quotes, they need to make sure that all the information that you provide them is equally accurate.
Some factors that affect your auto insurance rates are the type of car you drive, the mileage that you drive each day, the place that you garage your vehicle and even, your social security number.
When you decide to compare auto insurance quotes, here are some of the things that you need to have ready in order to get your quote.
- Your vehicle make, model and year with current mileage and vehicle identification number (VIN).
Because your car insurance rates are based on what type of car you drive, you will need to provide the person giving you the comparison insurance quote all of this information.
The mileage will be a starting point for your policy, which will give you a good idea of how many miles you do actually drive a year. By recording the mileage, you may be able to go back and get a cheaper insurance rate at the end of the year.
The VIN reflects engine horsepower, transmission and other information that can affect your rate.
Older vehicles may not need as much coverage as newer vehicles, so it is important to know the year of your car when you are requesting your insurance quotes.
- Your date of birth and social security number.
It is important to your rates that you give your actual age, as older drivers tend to pay less for their car insurance than younger drivers do. The insurance rates go back up when a driver reaches their 60s and 70s, but are at prime rates for those drivers in their 40s and 50s.
Let the insurance company know what your social security number is so they can do a credit check on you. Your rates are also based on credit score, with better credit getting better rates. This does not mean that if you happen to have bad credit you will not be able to get insurance. Even with less than perfect credit, you may still be able to get a cheap car insurance rate; you just may not be able to get the best rate available.
- Your driver’s license number and driving record.
Even if you do not have access to your driving record, you should know what it contains. If you have tickets, the tickets will show up when the insurance company runs a check of your driver’s license.
Some tickets are more detrimental to your rates than other tickets. If you have speeding tickets, you are going to pay more for your car insurance premium, than if you have one parking ticket. Moving violations are counted against you, while civil citations, such as cell phone use in a zone that prohibits it, are not counted against your driver’s license.
Be upfront when comparing rates and you are going to get a more accurate auto insurance comparison rate.
- Your daily commute mileage.
If you drive 10 miles to work each day, you will pay less than if you drive 40 miles to work each day. The less time that you are on the road driving, the less of a risk you are to the insurance company.
- Your current insurance information.
By having your current insurance information handy, you will be able to compare rates. Your policy will have all of your coverages listed on it, along with the amounts of coverage and the premium breakdown of cost for these coverages. This makes comparing insurance quotes easy to do.
Auto insurance comparison is something that you should do regularly to ensure that you are paying the cheapest car insurance rates that you can.