How Car type is a major factor to qualify for lower Car insurance rates?by Ranjodh S. Digital Marketer Your car type is one of the major factors that decide your car insurance rates. We will discuss a few scenarios to see how it works. Basically insurance service providers calculates the risk factor before offering an insurance price, if your car is more risky like in terms of speeding or expensive then your insurance rate may be higher. You can also check online insurance quotes to see the difference. Let's take an example:
Comparison in insurance price for Normal sedan and Sports Category:
- Usually the price of a sports car always remains higher than a normal sedan. higher price means higher insurance price.
- The probability of an accident always remains higher because a lot of factors like speeding as compare to normal sedan. This is also a reason of higher premium for the sports category cars.
- The repair cost also high as compare to normal sedan car. It means insurance service providers will have to pay more for sports cars, if someone involves in an accident and car gets damage.
Always go a car as per your requirement, if you want to save a few bucks on the car issuance policy.
A few tips to qualify for the cheap car insurance rate:
Always make your credit and driving history healthy.
Go for annual premiums instead of monthly of quarterly plans.
Do a good research online to get best policy.
Discuss with your local insurance agencies, if they offer a better price.
Make sure to install safety devises like any theft alarms.
Created on Jun 6th 2018 11:01. Viewed 140 times.
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