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You have a crazy teenager, who keeps getting into
accidents in the brand new car you bought for him
with the V-8 engine. As much as you would like, you
cannot trade your teenager for a more responsible
one. However, you could know in five minutes
tomorrow during your lunch break which company will
cut you the best deal for your auto insurance.
(Incidentally, in the extreme yet common example
above, you may not like any of the prognoses.)
Your auto insurance quotes are affected by things
like performance, but did you know there are other
factors that seemingly have nothing at all to do
with your driving record for which you may be
charged? For instance, a cross-town commute could
bump your auto insurance quote up or down a few
percentage points depending on the area where you
live.
While this one may not be that big of a head-scratcher
- after all, your vehicle's travel is still a factor
in the equation - it gets a little crazier as you go
along.
Take, for instance:
Credit Rating
You may not think late payments and outstanding
balances have a thing to do with your ability to
operate a motor vehicle. You may not think other
factors such as cutting up cards, closing accounts,
making only the minimum payment, or clearing your
balance at the end of every month, will ever play a
role in the best possible deal for your auto
insurance needs. But you would be wrong. Most
insurance providers look at you as a higher risk if
your credit rating is in the toilet. Therefore, it
is important you stay plugged in, not only to
competing rates, but also to your own financial
behavior.
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