Tag Archives: online car insurance qoutes

Why Street Parking Can Increase Your Insurance Costs

Posted by author on January 30, 2009 Comments Off

Reader’s Question:

Would street parking my car at night cause my insurance rates here in Virginia to increase?

Dawn

Newport News, VA

Yes, there is a significant chance that your vehicle there in Virginia would be exposed to a higher risk of theft, vandalism or damage it is parked in the street at night. This is why you’ll notice most car insurance applications would ask you if you have a garage to park your vehicle in, which obviously gives more protection to your vehicle. The greater the risk of you filing a claim for damages done to your vehicle in the future, the higher the risk you represent to the car insurance company, which is reason enough for them to give you less-competitive insurance quotes and a more expensive policy.

Aside from street parking, here are some other reasons that you may not be aware of which can cause your insurance premiums to rise:

1.Winter conditions can also increase your auto insurance costs. We probably don’t have to tell you that driving in a snow storm, with frozen, slippery roads can be a very dangerous situation.

2.Customizing or modifying your vehicle. Cosmetic modifications are expensive, increases your vehicle’s risk of getting stolen or vandalized and certainly tends to increase the value of your vehicle. This means that you will need higher levels of coverage in order to maintain adequate protection on your vehicle.

3.Traffic offenses, moving violations, tickets.. they all tell insurance companies how risky you are as a driver. Again, higher risk means higher premiums.

If you’re interested in a more affordable insurance policy, we encourage you to use our free car insurance quote search tool to get the most competitive online car insurance quotes available.

Five Things Affecting Your Car Insurance Quote

Posted by author on January 22, 2009 Comments Off

Reader’s Question:

What kind of information would car insurance companies use to know what kind of rate I should be charged here in North Dakota?

Wilson

Fargo, ND

Good question, insurance companies would usually get a variety of information from you to try and determine your car insurance quote as accurately as possible, it is important to remember that every car insurance company has its own way of computing premiums and insurance quotes, among the most common factors influencing your rates and premiums are the following:

1. Driver’s Age – fact: teenagers have the biggest car insurance premiums, followed by senior citizens. Drivers in their mid-twenties up to middle age have the best rates age-wise.
2. The type of vehicle- the kind of car being driven and insured would also impact how your rates are determined. The higher the value of the vehicle or the more popular it is among car thieves, the higher the insurance will be.
3. Where you live – if you live in a city that has a high crime rate, your auto insurance will be higher as compared to those in the country.
4. Your driving history – many car insurance companies check your driving record for as far back as three to five years in order to get a good idea if you are a risky driver.
5. Your credit report – how well you manage your bills can give be used as an indication of how risky you are while driving.

Car insurance companies, however, have their own methods of using these factors to compute rate so it is very important that you shop around for the lowest rates. Online car insurance qoutes are free and readily available on this website for you to search for the best insurance quote available.