Almost all drivers want to know the best auto insurance rates they may be eligible for in order to avoid overpaying. However, sometimes people are unaware of how their car insurance coverage is determined, and therefore may be unable to fully understand what the best car insurance quote incorporates. Being aware of factors that may significantly influence car insurance quotes may help drivers locate the best potential rates.
Driving history
First and foremost, a car owner’s driving history plays an important role in the determining the best car insurance quote they may qualify for. The cleaner a person’s driving history, the better rate they can get.
Financial history
A driver’s financial history may also impact the best car insurance quote they are eligible for. In particular, credit scores may have a heavy influence on rates. In order to get the best car insurance quote, many experts recommend that drivers request the annual free credit report that they are entitled to review.
If the credit report shows any issues, it may be in a driver’s best interest to resolve them before applying or coverage, as a better score may entitle them to lower car insurance rates.
Automobile
The kind of car someone drives may influence their car insurance rates as well. On a basic level, a more expensive car will cost more to insure, because it would cost more to repair any damages. Older, cheaper cars cost less to insure because the parts to fix them are also generally less expensive.
However, the particular features a car has – along with its safety rating – can also play a factor. Vehicles with advanced safety features and anti-theft devices may be eligible for lower car insurance quotes.
Other special discounts
There are various other discounts that drivers may be eligible for, depending on the particular insurer. These may include infrequent driver discounts, loyalty discounts and multi-car or multi-policy discounts.
Drivers who are aware of their strengths and weaknesses when applying for car insurance may have an easier time finding the best car insurance quotes, as they will know what factors can assist them. Often, it’s up to the driver to tell their insurance company about factors that make them a lower risk driver in order to obtain the best car insurance quote.