Auto Insurance Rates

What factors affect auto insurance rates?

Does it seem like everybody you know pays less for auto insurance than you do? There could be several reasons for this variation in auto insurance rates. While your insurance history is one of the main factors insurance companies use to help determine your auto insurance rates, there are other contributing factors you should also be aware of. Read on to learn more.

Your driving record
Your driving record is weighed heavily when it comes to determining your auto insurance premium. In many states, if you have a good driving record, you can receive a good driver discount. However, if have a speeding ticket or an auto insurance claim on your record, you should expect to pay higher auto insurance rates.

Your family’s driving record
If you share an auto insurance policy with your family, spouse, or domestic partner, you may be eligible for a multi-car/multi-driver auto insurance discount. However, be warned that combining policies will also mean that you share in your family’s speeding tickets and auto insurance claims— which, if present, will mean higher auto insurance premiums!

Gaps in coverage
Generally, auto insurance companies consider drivers with gaps in their coverage as more risky to insure than drivers who have maintained their coverage. Avoid causing a gap in your auto insurance coverage, even for a day, because it will cause your auto insurance rates to go up in the future!

Your vehicle
Insurance companies base your auto insurance premium on the value of your car and the expense to repair or replace it. In certain states, you can save money on auto insurance by having certain theft-prevention devices and safety features installed in your vehicle. Get a quote from Esurance to find out how much these features can help you save on your auto insurance

Your Zip Code
Your auto insurance rates may vary depending on where you call home. If your area has high rates of theft and claims, you can expect to pay more for auto insurance to offset these costs. Generally, highly populated areas have higher auto insurance rates because traffic increases the likelihood of an accident!

Your credit score/rating
Over 90% of U.S. insurance companies, including Esurance, use credit-based insurance scores to establish eligibility for payment plans and to help determine insurance rates. (In case you’re wondering, credit-based insurance scores predict how likely you’ll pay your bills in the future.) Actuaries and research analysts have found that the scores help predict your accident potential. If you have a high credit score, you can generally expect lower auto insurance rates than someone with a low credit score.

Your annual mileage
Insurance companies charge drivers with high annual mileage more for auto insurance because they have more opportunities to become involved in accidents (and file auto insurance claims).

The moral of the story is that safe, responsible drivers receive the greatest benefits when it comes to their auto insurance rates. Visit the Esurance Auto Insurance Learning Center for tips on
driving safety and saving on auto insurance. Get a quote today to see if you could save on your auto insurance rates!

Auto Insurance

Why do I need auto insurance coverage?

Whether you have a perfect driving record or a few violations under your belt, you will need auto insurance coverage. Maybe you’ve just spent way too much money on your new car, and can’t afford a lot of auto insurance coverage. Or maybe you feel like your hunk of junk isn’t worth insuring at all. Keep in mind, however, that auto insurance isn’t just about paying for damages to your own car.

There are several types of auto insurance coverage available to drivers. While collision coverage is available to pay for damages to your own car, liability coverage will pay for damages to another person’s property if you are responsible for an accident. If you’re ever in this position, liability coverage can save you thousands of dollars and helps you pay the costs of related lawsuits.

Although many auto insurance coverages are optional, in most states liability coverage is mandatory. These states will require minimum levels of coverage, but you should consider buying higher levels, which will afford you greater protection.

Other coverages, such as comprehensive, bodily injury, and uninsured motorist are also available in many states. Take a look at the Esurance Insight, Esurance Offers Auto Insurance Tips for Your State, to find out more about auto insurance requirements in your state.

Although we’d all like to think we’re immune to auto accidents, they’re called accidents for a reason. Between property damage, medical costs, and potential lawsuits, accidents can be extremely costly. Don’t leave yourself vulnerable to out-of-pocket expenses— be sure to invest in adequate auto insurance coverage. Not sure how much auto insurance coverage you need? Consult on interactive online Coverage Counselor for help.

(Source: Esurance.com)

Auto Insurance from esurance

How do I get a comparison insurance quote?

Before you buy a car, you visit several dealers in order to make sure you are getting the best price. The same should be true of auto insurance. If you want to get the best deal on your auto insurance coverage, you have to get several comparison quotes. The good news is that you can do all your auto insurance research at Esurance. When you get a quote from Esurance, you can compare different coverage levels and find out what your rate would be with other insurance companies. If you’re new to shopping online, you’ll find that doing your research on the Internet can save you time and money—you’ll wonder why you didn’t start sooner!

Getting a quote from Esurance takes only a few minutes! Once you have your quote, we tell you how much you would pay for the same coverage at other insurance companies. Most of us don’t have a lot of time to spend comparing auto insurance quotes. That’s why Esurance makes it possible for you to get your quote and compare it all in one place.

While you’re in research mode, we suggest you compare different levels of auto insurance coverage on our site. It takes only a few more minutes and can help you find coverage that suits your individual needs. You can also consult our interactive Coverage Counselor for guidance. Take some time to get several quotes to find out the price difference between your state’s minimum coverage requirements and higher levels of coverage. Higher limits usually cost only a few dollars more than lower ones, but provide significantly higher coverage. You’ll be glad you opted for higher limits if you’re ever involved in an accident!

During the quote process you can also learn more about the auto insurance coverage you need. You’ll notice that when you get your quote from Esurance you can click on coverage terms for a definition. At Esurance we also let you know which coverages are mandatory in your state and which coverages are optional (the lowest limit listed in a drop-down box is typically your state's minimum auto insurance coverage requirement). See how easy comparison-shopping can be— get a quote from Esurance today!

(source:esurance.com)

Auto Insurance from GEICO

Why Should I Buy My Car Insurance From GEICO?

Low rates, great service, and exceptional financial strength-that’s why!

Low Rates and Great Discounts

GEICO’s competitive rates and discounts could save you 15% or more.
These are just a few of our money-saving discounts:

• Multi-car discount.
• Discount for cars with air bags and other safety features.
• Discounts for membership in one of over 250 organizations that partner with GEICO.

Excellent Service

According to a recent *survey, 97% of our policyholders were satisfied with the service they received.

• 24/7 service by phone or online-even on holidays.
• Claims settled quickly and fairly.
• Local offices

Exceptional Financial Strength

• GEICO will have the resources to pay your claims.
• GEICO is a wholly-owned subsidiary of Berkshire Hathaway, Inc. and has assets of over $15 billion.

Learn more about GEICO's financial strength.

*Customer satisfaction based on an independent study conducted by Alan Newman Research, 2006.

(source: Geico)