Factors Affecting An Auto Insurance Quote - What Makes You Pay More?
Whenever you call an auto insurance agent to check on the price of insurance, he gives you an auto insurance quote. This quote is his best guess or estimate of what you will pay to an insurance company for the coverage needed for a six month term or a one year term.
The agent will need to take some information from you. This can be on line, over the phone or even in person. The information that you furnish will be entered into his computer to check a database with the parent company to see the cost of insurance.
One important thing to know about the number that the agent gives you is that it is only a quote. With the advent of computer systems, the quotes have become much closer to the actual cost of insurance, but a few years ago, an agent could give you a quote and then after the company reviewed your information, you could be billed for more than the quote. Of course, there were times that the actual policy cost was lower that the quote too.
There are many things that can affect the price quote that the agent will give you.
Your age is a large factor in the price you pay for insurance. If you are under twenty-five years of age you will pay more for insurance that someone with the same driving record as you who is forty-five. Part of the reason for this is that you are more likely to be involved in an accident than someone who is forty-five, simply because you lace his experience. In addition, if you are a male under twenty five, you will pay more than a female under twenty-five. Statistically, males under twenty-five have more accidents.
You will even pay more for insurance if you have allowed your policy to lapse for more than thirty days.
Since insurance can be expensive, and there are some factors that you cannot change, you should be careful that you do not do anything that will cause you to pay more for insurance. - 21392
The agent will need to take some information from you. This can be on line, over the phone or even in person. The information that you furnish will be entered into his computer to check a database with the parent company to see the cost of insurance.
One important thing to know about the number that the agent gives you is that it is only a quote. With the advent of computer systems, the quotes have become much closer to the actual cost of insurance, but a few years ago, an agent could give you a quote and then after the company reviewed your information, you could be billed for more than the quote. Of course, there were times that the actual policy cost was lower that the quote too.
There are many things that can affect the price quote that the agent will give you.
Your age is a large factor in the price you pay for insurance. If you are under twenty-five years of age you will pay more for insurance that someone with the same driving record as you who is forty-five. Part of the reason for this is that you are more likely to be involved in an accident than someone who is forty-five, simply because you lace his experience. In addition, if you are a male under twenty five, you will pay more than a female under twenty-five. Statistically, males under twenty-five have more accidents.
You will even pay more for insurance if you have allowed your policy to lapse for more than thirty days.
Since insurance can be expensive, and there are some factors that you cannot change, you should be careful that you do not do anything that will cause you to pay more for insurance. - 21392
posted by X - Men @ 1:00 AM
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