Insurance Shop

I live in a country where car theft is a major activity. Something like sixty thousand cars are stolen ever year. Most of them are never recovered. They are either driven out of the country within hours of being stolen or they are converted to “used car parts” in a mater of minutes after being stolen. So I spend a great deal of time working on the subject of auto insurance quotes, and let me assure you, it’s a world of total confusion. I changed my car a few months ago. My old car, which was a very popular car but which was a 1996 model, cost me about $1,000 a year in insurance premiums. My brand new car, made by a lesser known auto company, is costing me only about $700 a year. When I called the agent to get the auto insurance quotes, I was stunned (but delighted) to hear that the premium was down. I asked why and received a simple answer – “no one steals those cars.”

I’m still not sure if I got good or bad news! The other thing that will dramatically affect your auto insurance quotes is your own track record with the insurance companies - how many claims you’ve lodged in the past few years and how often you claim. You age will become a factor in the calculation of your auto insurance quotes as will the number of years you have been on the road. If you are a new driver or you are under the age of about 25, you can expect to get higher auto insurance quotes. Then you have to decide what you want the auto insurance quotes to include: theft and accident? Perhaps you are insuring an old car, and interested in accident insurance only. That could save you money on the premium. Another way of reducing your auto insurance premiums is by electing to have a higher deductible, say $500 or $1,000. This is the amount that you will pay in the event of a claim. But remember that that you must pay the amount of your deductible before the insurance company kicks in any money following an accident.