When it comes to auto insurance everyone is looking for the best rates possible and a company that offers them as many discounts as possible. The best place to start is always the internet where an abundance of information is there for the taking. However, sometimes insurance providers don't advertise all of the discounts they offer, they just might list enough to reel in a potential policyholder when there are many more that they might be eligible for. There is just about a discount in every area of auto insurance and for every policyholder there is more than a few available to them. The options can go either way for the policyholder. For example, the insurance company always checks into the potential policyholder's driving records and if there are moving violations or DUIs then they will be put in the high-risk category and charged more money. On the other hand, if they have a clean driving record then they are eligible for a discount for that. In regards to the type of car being insured, if it is a sports model, a SUV, or a modification then the vehicle will be categorized as high-risk and the insurance premium will increase. If the vehicle insured is a small-size car with numerous safety features then the policyholder will be eligible for a discount in that area.
This method applies to most discounts, on one side the premium will increase and on the other side the policyholder will receive a discount. Let's say age is the factor, if the insured is under the age of 25 then the premium will be higher, but as age creeps up and the driving record clean is kept clean, the premium should decrease somewhat. Then when middle age is reached, there will most likely be eligibility for a discount, again the driving record must remain clean. There is also a gender factor where a female is given a lower risk premium simply for being female. Males don't have a chance of getting a lower premium because they drive more than females and therefore are put in the position of maybe being in accidents more often. Also, males are thought to be more aggressive drivers and so they all get penalized for that with a higher premium. There are many more discounts that can be discovered on the internet by taking a little time and determination to seek them out.
There are basically three things that the insurance company uses to determine an insurance rate: who the policyholder is, what they drive, and where they live. Along with these, they add many different factors that the policyholder is not always aware of. The insurance industry has equations and different data that they use in the calculation of insurance rates. In regards to discounts, if a vehicle owner feels they haven't been told all the discounts they may be eligible for and there's been no discovery of them on the internet, just ask the insurance agent for a list of the discounts offered and by law they have to provide it. This list may astonish you with the number of incredible discounts available on auto insurance.
Otto Ingrid is an enthusiast of automobiles alike. He is determined to provide everyone with loads of information about auto insurance. If you'd like to find out more about this topic, please visit Continental auto insurance or auto insurance discounters and find out everything you want to know.
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