If you’re from the Clifton Park, Latham, Saratoga Springs, NY areas, and you’re looking for the right Automotive Insurance, you might be scratching your head…because let’s face it, insurance is complicated. However, making sure your vehicle is insured is extremely important, especially here in the Capital District where the weather can change on the flip of a dime. Lucky for you, this week’s blog is about some hidden/unknown facts about Automotive insurance that might help you save some real cash when choosing the right Automotive insurance. So take a peek and get a better idea of how your Auto insurance is determined and more! And if you’re ready to work with a dedicated team to help you find the right insurance for your vehicle, choose Armor Group Insurance! We promise to get you the best coverage at a price that’s right for you!
How Prices are Determined:
- Your age, gender, and marital status:
- Statistics show young drivers (with less experience behind the wheel) and male drivers are more likely to have an accident. If you fall into this category, you might find yourself paying higher rates.
- Married drivers are less likely to file an accident claim, so you might see a decrease in the amount you pay
- Where you live:
- Someone who lives in an urban area with a high crime rate is most likely considered a bigger risk than a policyholder in a rural area with less traffic and fewer car thefts and break-ins.
- Your credit score:
- In many states, insurance companies can consider credit scores when calculating premiums.
- The industry says its data shows that drivers with better credit have fewer accidents.
A More Expensive Vehicle Doesn’t Always Cost More to Insure:
- When starting you search it’s a good idea to get an idea of what your insurance cost will be for various models
- However, a luxury vehicle or more expensive SUV might have better claim rates for accidents or thefts than a lower-priced car – which means premiums might end up costing less, according to Penny Gusner, consumer analyst for Insurance.com.
The difference between collision and comprehensive coverage
- A common misconception is that collision and comprehensive coverage are the same, they’re not.
- Comprehensive: Provides protection against theft and damage caused by an incident other than a collision, such as fire, flood, vandalism, hail, falling rocks or trees, or hitting a deer.
- Collision: Reimburses you for damage to your car that occurs as a result of a collision with another vehicle or other object (such as a tree or guardrail) when you’re at fault. It also covers damage from potholes or from rolling your car.
Find The Auto Insurance That Works For You! >> https://armorgroupinsurance.com/contact-us.php