Frequently Asked Questions

Auto insurance rates remain a mysterious part of life. While there's no set formula as to how they're calculated, there are strategies that consumers can employ to manage their auto insurance premiums. From searching for coverage online to getting competitive quotes, consumers can take action and find great auto insurance rates. While no two consumers are the same, there still are strategies that can be successful whether you life in Alaska or Florida. Here are some frequently asked questions related to auto insurance:

What is GreatAutoInsuranceRates.com?

GreatAutoInsuranceRates.com is a service that puts consumers in touch with respected insurance companies. The Internet has revolutionized the way that consumers find insurance, and GreatAutoInsuranceRates.com is making the process even more convenient. Through this service, you can be put in contact with insurance companies in your area. Instead of searching on your own, the insurance companies are brought to you. From there, you can review insurance quotes and proposals, and ultimately select the best policy to meet your individual needs. With GreatAutoInsuranceRates.com, you're in control of your insurance-related decisions.

What factors will affect my auto insurance rates?

You'd be surprised at how many different factors go into calculating an insurance premium. In fact, there's no set formula - which means you have no way of knowing exactly how you could lower your premium. But we do know some of the biggest factors, some of which are within your control, such as the type of car you drive, your credit score, and your driving history. But factors that you really can't control, such as your ZIP code and your daily commute, also will impact your insurance premiums. This is why getting competitive quotes is so important when seeking a new insurance policy.

Is there a guaranteed way for me to lower my insurance premiums?

One tried-and-true method to lower your insurance premium is to raise your deductible. But remember that this is a risky proposition. While you will spend less in the short term, it could cost you in the long term. If you end up filing an insurance claim, you will be responsible for more out-of-pocket expenses. Keep this in mind as you review insurance quotes. It might not be worth the savings. You could try to employ other strategies, such as combining both auto and home insurance policies with the same carrier. Insurance companies sometimes offer multi-policy discounts.

My state only requires that I get $10,000 in coverage for property damage. My insurance agent wants me to get more. Why?

Listen to your insurance agent. While states set mandates for minimum coverage, remember that these are minimum requirements. Your policy should far exceed these standards, possibly by ten-fold. Your insurance can only provide the coverage outlined in the policy. If you are in an accident and liable for $100,000, but your policy only covers $10,000, guess who's responsible for the remaining $90,000? You. Find out how much it will cost to get better coverage. You might be surprised at how affordable it is.