Car Insurance Rates

When I turned 25 everyone told me congrats that my car insurance rate would drop. I never heard of this.

I asked around and some people said that that is not ALWAYS true. Is it?

I use Esurance Auto Insurance. Do i need to call to get the discount. Is there even a discount. Do insurance companys automatically do it?

Hmm.
I have a perfect driving record, no accident history.

ESurance has worked out great for me the last few years, I am not asking for that kind of advice. Thank You.

There are other factors involved…are you single, are you working, your driving record, do you smoke, etc.

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After an accident, why do car insurance rates goup? What happened to all the money I've paid in over the years?
Isn't that supposed to cover the cost of the accident?
I'm talking about non-injury accidents.
Sorry folks, somehow I posted this twice. Sorry to the other guy I erased.
But, what about all the money I've already paid in? That should cover the cost of the accident. My last accident cost $2,000 in damage to the other vehicle. I paid in way more than that with my premiums of the years.

Insurance is a way to transfer a large unknown risk of loss (accidents) to a company in return for a small known loss (your premium or rate). Your rates before the accident were based off of the companies loss experience with people similar to you. After an accident that places you in another category of similar people. Statistically, people with more accidents have a better chance of having more accidents after that.

They aren't expecting you to pay more than your car's worth and then have a loss, they are expecting for all of their insureds rates in a year to cover the cost of all of their losses in a year plus operating expenses. That is why it is based off of your statistical chance of loss. Just because you didn't have a loss those years doesn't mean that you didn't have a chance of loss. To simplify it a little bit, you could really say that the money you paid for other years was used to cover losses that other people had that year.

Insurance companies are only concerned with your accident history as much as it affects your probability of loss. They aren't going to say that your rates should rise just because they had to give you money or lower your rates because they didn't have to pay you, it is because you have a higher or lower statistical chance of loss that they adjust rates.

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Having your car stolen can be a scary thing. Many who have had their cars taken typically feel both angry and vulnerable, even to the point of feeling somewhat “violated”. If you don’t have insurance that covers the theft of a car when it happens, it can be equally as scary from a financial point of view. When you have comprehensive coverage on your car, your insurance company will help to replace your stolen car. While having this coverage is important, there are some ways that you can help prevent your car from being stolen as well, which may save you money on your car insurance rates in the long run. As they say, an ounce of prevention is always worth a pound of cure.

Tip 1: Use Common Sense – One of the best ways that you can prevent your car from being stolen is to use common sense and make sure that you lock your car doors whenever you leave your vehicle, regardless if it’s in a dark alley, a public place, or parked in your garage. Plain and simple, if you leave your doors unlocked all the time, you elevate the risk of your car being stolen. You should also be sure that you take your keys with you and never leave them in your car or anywhere else in public. Often just using these common sense precautions is enough to save you from car theft.

Tip 2: Get an Alarm – You can also help prevent car theft by installing some kind of warning device or alarm device in your car. Whether it is a visible device or an audible one, both can be good deterrents to anyone thinking about stealing your car. Usually alarms are fairly affordable, and it is definitely cheaper than trying to find a new car.

Tip 3: Use an Immobilizing Device – Another way to prevent your car from being stolen is to purchase some kind of immobilizing device to use in your car. There are a variety of different devices available, such as smart keys, kill switches, the Club, and fuel cut-offs. Many of these devices are relatively inexpensive and they are highly effective as well.

Tip 4: Install a Tracking Device – One of the newer ways to deter car thieves is to have a tracking device installed in your car. These devices are quite high tech, and they will alert you when someone is moving your car without authorization. Some of these tracking devices actually will notify the police when unauthorized movement is made as well. While these tend to be a bit more expensive than other methods, they can definitely be a great help if your car actually gets stolen.

Even though you may have coverage on your car that will pay if it is stolen, taking preventive measures is much simpler and will help keep your car insurance rates down as well. Just taking the time to use common sense and employ the help of cheap devices can help keep your car from being stolen. While incorporating one of these tips is great, using all of them together can give you the best results when trying to protect your car from theft.

Dean Larson
http://www.articlesbase.com/insurance-articles/car-insurance-rates-4-tips-for-preventing-car-theft-131816.html

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My car was vandalized and there was about $1100 in damage. I"m paying the $500 deductable and my insurance is paying the rest. Will my rates go up?

Depends if you live in a high crime rate area, and also what insurance company your with, and by vandalizing, do you mean like beat in with a baseball bat, or spray painted?

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Statistically, women have fewer accidents than men and therefore have lower insurance rates. Even so, if you’re a woman you still want to get the cheapest insurance you can. Here’s how to do just that.

Compare Rates

Because women’s insurance rates can vary as much as $1,000 between companies for the same type of policy, the first thing you need to do is to find the company with the best rates.

The quickest and easiest way to that is to go to an online insurance comparison website. There you’ll get get quotes from top-ranked companies so you can compare rates. (See link below.)

Maximize Your Discounts

Once you’re on the comparison site you’ll need to fill out an online questionnaire so you can get a quote that fits your needs. As you fill out the questionnaire you’ll be able include discounts for your policy. Here are the ones that will save you the most money:

* Increase you deductible if you can afford to pay it.

* Decline collision and comprehensive coverage if your car is worth less than your premium.

* Decline medical coverage if you already have medical insurance that covers you.

* Decline towing coverage if you have it through AAA or somewhere else.

* If you have two cars, insure them with the same company.

* Decline rental car coverage if you don’t want it.

* Include all the discounts you’re entitled to for security features like anti-theft devices, airbags, anti-lock brakes, and automatic seat belts.

Last, but not least, you’ll want to go to a consumer rating site like Epinions.com to get the inside scoop on the company you choose, to find out how they treat their customers and how quickly they pay their claims.

Visit http://www.LowerRateQuotes.com or click on the following link to get free car insurance quotes from A-rated companies and see how much you can save. You can get more insurance tips by checking out their “Articles” section.

ryan@thesatellitetvguide.com
http://www.articlesbase.com/insurance-articles/cheap-car-insurance-for-women-how-to-get-the-best-rates-113538.html

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