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Insurers are licensed by the individual states, and most states regulate insurance rates. A rate is the price per unit (usually one-dollar) of coverage. Therefore, premiums derive from rates.
Factors that enter an insurers rate structure include the make and model of the vehicle, the location of the vehicle and the driver, the driver's driving history, the driver's age, and various other factors. Numerous kinds of discounts are available as well, including those for driver's education courses, safety equipment on the car, no-accident discounts, multi-car discounts, and others.
The ultimate premium that you will be charged will also depend upon the coverage the you buy. For example, your state probably requires that you maintain a certain level of coverage, but amounts beyond that are optional. If you choose not to exceed the minimum levels, the premium will be less than if you do exceed them.
Insurance companies compete with each other both on premium and on service. Therefore, you may be doing yourself a disservice if you opt for a lower premium with a company that does not have stellar service. You are well advised to consult with a local licensed insurance agent or broker to review your needs. Be sure that any insurance that you do obtain is issued by a licensed insurer. Licensure can be confirmed by contacting your state insurance regulator in the state capitol.
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What is the cheapest car insurance you have paid?
The cheapest car insurance is call Cheapest car insurance. But cheaper is not always better and when it is going to help you with paying of damage i would spend more money to get better coverage.
What is the cheapest car insurance in the UK?
If you are trying to get the cheapest car insurance that you can, then you should go to the Q4 Insure website. They offer plenty of car insurance quotes for you to check out.
What insurance companies in Texas offer the cheapest rates to teen drivers?
The best place to buy car insurance for teen drivers is AAA. This website explains why it's the cheapest: http://car-insurance.findthebest.com/app-question/d/d/Texas/2406/Which-Texas-Car-Insurance-company-has-the-cheapest-rates-for-young-drivers%3F
Where can I find cheap liability car insurance?
The cheapest car insurance is offered by Progressive.
Where can one compare the cheapest car insurance quotes?
Nationwide and Cheap Car Insurance Auto are two places an individual can visit to compare the cheapest car insurance quotes that is needed in his or her favor.
What is the cheapest place to rent a car in Boston?
Zipcar Incorporated is the cheapiest place to rent a car in Boston. You can pay only for the day want the car and you don't have put a big insurance payment on the car.
Where can I find a list of cheap car insurance in Louisiana?
You can probably find some of the cheapest car insurance in Louisiana by checking with small car insurance providers in your local community. In many instances, they offer the cheapest rates.
Which state offers the cheapest car insurance?
Kansas, Montana, Wyoming, and Oklahoma are the states that offer the cheapest car insurance rates for their citizens due to the amount of their population.
What is the cheapest basic car insurance?
The cheapest basic car insurance will vary from state to state, because all states have differing minimum car insurance requirements. Some good companies to check with for basic insurance are The General, Safe Auto, and Nationwide.
What is the cheapest car insurance company?
The cheapest car insurance company is highly dependant on your situation. I would recommend using a local insurance company website that compares rates to find which one is best for you.
What state has the cheapest car insurance rates?
With an average rate of just $902/year, Maine has the cheapest auto insurance rates.
What companies offer the cheapest car insurance in the UK?
Pioneers Insurance and the Hartford Company are said to be two of the cheapest Car Insurance Companies in the UK. You can go online to both of the companies websites and get a free quote that will fit all your insurance needs for your car(s).
