To find the cheapest car insurance you should shop around for different rates by looking at multiple quotes online or calling companies for discount auto insurance quotes. Getting a quote does not cost any money. If you have the time, you should research insurance quotes from at least 3 different companies in order to comparison shop.
The amount that you are quoted for car insurance depends on a variety of factors other than the specific insurance company. Here are the top 3 factors that will help decide how much money you will pay for car insurance:
Age: Insurance companies assess your driving experience by looking at your age. Teenage drivers are more likely to get into accidents because they have spent less time driving and generally make riskier moves behind the wheel.
For this reason, teen drivers will pay approximately 300% more for car insurance than someone around age 50. However rates go up again once you hit age 65, as senior drivers are also considered a high risk group.
Credit Score: In the United States, your credit score is used to determine many financial aspects of your life, including your car insurance rate. Research shows that in general, people with lower credit scores tend to file more car insurance claims.
As a result, insurance companies deem people with lower credit as higher risk customers. If you have poor credit, your car insurance quote may be higher than someone with a great credit score.
Driving Record: Insurance companies will look at your full driving history in order to determine your car insurance quote. If you have gotten into a lot of accidents or have been issued many speeding tickets, you will pay more for car insurance than someone with a clean driving history.
There are other criteria aside from these that affect how much you will pay for insurance. To get the cheapest insurance, learn more about the other factors that car insurance companies are looking at.