Car Insurance Rates - Can You Lower Them?

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CAR INSURANCE
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Car Insurance Rates - Can You Lower Them?
Car insurance rates are prohibitive nowadays.
Many families really struggle to pay the car
insurance bill each month. And car insurance
rates vary all the time. So if car insurance cost
is an issue for you, what can you do about
it? The car insurance industry is a massive
industry. It is also a highly competitive one,
and car insurance rates vary over time as car
insurance companies compete for business. Car
insurance rates are often highly fluid. It is
entirely possible to lower the cost of your auto
insurance rates by altering your behavior, and
you can do this by having a better understanding
of how the rates are assessed.
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Car insurance rates are based on an assessment of
risk. Whilst insurance companies vary their rates
to compete with other insurance companies, they
also vary their rates based on their assessment
of the risk posed by a particular driver driving
a particular car. They do this because there is
no point in buying business with low car
insurance rates and then insuring high risk
drivers at these rates. This is a recipe for
losing money. So, if you lower your risk, you
lower your car insurance. How do you lower your
risk? Well there's a number of ways that your own
driving and car behavior can affect your car
insurance rates. Have a look at the car you
drive. Is it suitable for your current needs? If
not then would it be worthwhile to consider a
change?
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Different cars attract different auto insurance
rates. Sports cars, high powered cars and cars at
greater risk of theft attract higher rates. How
long have you had your car and would it be wise
to think about another one that would be cheaper
to insure and more useful to you? Are you a safe
driver? Do you stick to the speed limit? Are you
at risk of other driving offences? Many people do
not think about some of the consequences of
speeding tickets and driving offences until after
they have seen their subsequent car insurance
bill. Your risk profile is a direct result of
your driving record. A clean driving record and
you will be rewarded by cheaper rates. A poor
driving record and you will be penalized, usually
for quite a while. Are you willing to attend
driver training courses? Many car insurance
companies offer specific discounts for drivers
who have attended a course. Why? Lower risk.
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Are you willing to drive less? Could you car pool
or use public transport to get to work? Car
insurance companies look at the amount of driving
their clients do when assessing their car
insurance rates. Why? Lower risk. Less miles
driven equals less risk. And you'll save on other
car costs too. So if auto insurance costs
are an issue for you and your family there are
things you can do. These are just a few of those
things, there are many more. Car insurance rates
are not set in stone. Article Source
http//EzineArticles.com/58560
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