Auto Insurance
Yes, auto insurance does come with its own unique questions to answer before you purchase it. our goal is to make it easier for you to shop for auto insurance by providing all the latest information necessary - not only to help you find the very best price on your coverage, but the right kind of coverage as well. So here’s the best of the best information…the important things you need to know before you buy…auto insurance:
1. Understand How Your Insurance Rate is Determined
There are two factors: first is underwriting and second is rating. Insurance companies underwrite (which means to assess the risk associated with you), and then groups you with other drivers of similar risk. Based on these results the rating assigns a price for you based on what the company believes it will cost to assume the financial responsibility for your potential claim.
2. Several Factors Affect Risk Rating (Underwriting)
Your driving record, area in which you live (by zip code), your gender and age, marital status, prior insurance coverage, vehicle use (how far you drive to work, total miles you drive each year, etc.), and the make, model and the year of your vehicle are all common factors that can affect the price you’ll pay for auto insurance.
3. Ask Your Agent About Discounts
Discounts are awarded because the insurance company sees you as a “better risk.” Here are some discounts you should look for: multiple vehicles (called a multi-car policy), driver education courses, good student, car’s equipped safety devices (air bags, anti-lock brakes, anti-theft devices), low mileage, good driver/renewal, auto/home package and dividends. Not all states offer all discounts, so check with your agent to see if you qualify. In order to get
the California Good Driver discount, you must be a resident of the state for at least 3 years and only have 1 point or less on your driving record with the DMV, which goes back 3 years. So every driver has a chance to start clean after only 3 years!
You can trust the experts at SoCal General Insurance Agency to provide the highest quality customer service and a FREE quote prepared just for you on a wide variety of auto insurance plans. Contact us today at 888-241-8316 or go to: www.scgia.net and we’ll be happy to answer any questions you have and take care of all your insurance needs.
The Bottom Line
Remember to keep the financial strength of the company in mind too; if they’re some fly-by-night operation offering low, low rates – what good are they if they can’t really pay out a claim should an unfortunate event happen to you while driving. As with all insurance, choose your auto insurance wisely, after all you’re protecting the most valuable assets you have – you, your family and your car(s)! So insure what matters the most and enjoy the confidence and peace of mind that comes from being prepared. |
