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Tag: insurance

Posts related to insurance

Risk determination plays an essential role in how much you’ll pay for auto insurance. Insurers look at a variety of factors when reviewing a potential policy to assess their overall risk. You’ll find the most common things auto insurance companies look at listed below.

Car History

The history of the vehicle plays a major part in determining your premiums. This can include more than just your accident record, though. For instance, if your vehicle is considered a salvage vehicle, it may be too risky for insurance companies to take on. A salvage vehicle is a vehicle that was repaired or restored after being totaled. Most insurance companies refuse to insure salvage cars, or if they do insure them, it is at a high premium. Whether or not you own your vehicle can also play a role in your rates. Insuring a leased vehicle or one that is still being paid off can be more expensive [...]

Paying for car insurance is something you really cannot avoid. However, owning your own car does not have to leave a hole in your pocket. There are plenty of ways a car owner can lower his or her insurance rates as much as possible. The following list contains some of the best tactics you can begin to implement today to lower your insurance rates.

Maintain Good Credit

More and more car insurance companies are now using a person’s credit score to determine how much he or she is going to be charged. Thus, car owners and future car owners may want to hold off on making a purchase until they are within a good credit score range. Purchasing a new car may be an exciting time, but patience, in this instance, truly does pay off.

Accident Forgiveness [...]
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