Wednesday, 28 December 2011

Help for Confused Car Insurance Seekers in Automotive Land: Part II

Fear not confused insurance seekers! We can help you get the straight poop on automobile insurance before you start looking for your online car insurance quotes.

There is a popular belief that the color of a car affects the owner’s car insurance rate. This is untrue. What does influence the rate is the vehicle's year, make, model, body type, engine size, as well as the policyholder’s credit history and driving record.

Other people believe that men under 25 years old automatically pay more than women of the same age. Pardon my French, but poppycock! In fact teenagers and older adults pay more for auto insurance, regardless of sex, because these age groups are statistically more likely to get into an automobile accident.

Always remember that your car is your responsibility; if you lend your car to a friend and there is an accident, even though you weren't present, it will still affect your insurance record and your insurance premium may go up.

Many drivers also don’t realize that auto insurance companies take credit score into account when deciding to increase or renew auto insurance coverage.

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