Automotive Digital Marketing

Professional Community for Car Dealers, Marketing, Advertising and Sales Leaders

Loading... Be Patient!

Essential factors to keep in mind before getting auto insurance policy

Irrespective of whether you just drove off your new car from the room of the dealer of your car is a few months old; you need to protect yourself and your car with adequate auto insurance policy. Although cheap rates are essential for you to be able to carry on with the premiums on time, yet remember that cheap would mean nothing if your policy wouldn’t cover you in the event of an accident. If you take on a car insurance policy at a cheap rate but which won’t cover you enough during an accident, your dollars go wasted. So, here are few vital things that you need to know about your auto insurance policy before you get it.

#1: In what way is your auto insurance rates decided by the company?

There are 2 main factors which determine the premiums and rates on your auto insurance policy.  While the one is rating, the other is underwriting. The insurance companies usually underwrite in order to determine the risk which is associated with the person who is applying for the policy. There are different risks which determine whether or not the company will accept your insurance application. Based on the results, the company decides the rates.

#2: Few specific factors which decide the rate of your premiums

Yes, there are few factors which can decide your auto insurance premiums. What are they?

  • Your geographical location: Urban cities usually have more claims than rural areas
  • Driving record: Drivers who have previous violations or accidents are high risk drivers
  • Your age and gender: Males usually have more accidents and hence their premiums are higher
  • Marital status: Married people usually show reduced claim rates
  • Usage of vehicle: Higher mileage in a year lead to high exposure to risk
  • Model and make of the vehicle: Sports and luxury car coverage have higher number of claims

#3: Enquire about discounts from the insurance agents

Discounts are usually awarded since the insurance company will see you as a high risk applicant. You should henceforth look forward to grabbing multiple vehicle discount, good student discount, safety devices, low mileage discounts, safety device discounts, driver education courses and discounts and check whether or not you qualify for them.

#4: Shop around for discounts before buying a policy

When you shop around for auto insurance policy, there are some premium quotations which are a vital way of comparing and contrasting quotes. There are worthy auto insurance quotes comparing sites like Compareemcasa through which you can get a comparison of the various quotes that different companies may offer you. It is possible to save at least 40-50% on your premiums if you can choose the appropriate policy in accordance with adequate coverage.

Hence, whenever you think you require an auto insurance policy, make sure you consider all the above mentioned factors so that you can grab the best policy in the market. The more you compare, the better will be the quotes that you can get and you may even save more.

Views: 75

Tags: Essential, auto, factors, insurance, policy


Oops... You need to stop "Lurking" on ADM and become a more genuine Automotive Professional by completing your membership registration. As a registered ADM Member, you can post comments, publish your own articles (be a star!) and start Forum discussions. Stop being an online "Peeping Tom" and JOIN ADM RIGHT NOW!

Join Automotive Digital Marketing

Automotive Professional Network and Resource Exchange for Car Dealers, Managers, OEM and Marketing Practitioners seeking Best Practices.

ADM Sponsor

William B. Terry
Rated by Super Lawyers

loading ...

Please Consider Automotive Marketing Professional Community Sponsors

ADM Badge


Based On Your Interests...

ADM Consulting, LLC

Onsite/Offsite Combination ADM Consulting, LLC Professional Services
Select the maximum monthly investment you plan to make
Sign up for

Automotive Marketing Tools

Get ADM Toolbar

Click here to take the ADM Member Survey

Getting too many emails from ADM? Click mailbox below to control which types of alerts and updates you are sent......



ADM Professional Services
Phone Consultation
Topic or Issue:

Top Automotive Marketing Forum Discussions

Share the Best Content w/AutoMarketing Community

© 2020   Created by Ralph Paglia.   Powered by

ADM Badges  |  Report an Issue  |  Terms of Service