Insurance companies live and die by the rate chart.
That is what tells them how risky you are, how much money they make off of you, and how much they will charge you for insurance, both as a function of deductible as well as showing the discounts that they should and will offer to you.
However, those rate charts are extremely confidential and there is no chance of you getting your hands on one.
How, then, is it possible to know whether or not you're getting all of the insurance discounts that are available to you? There are a huge number of variables that go into calculating your insurance rates.
Credit, the type and color car that you drive, the number of traffic violations, your accident history, criminal record, even down to your gender, age, and many other characteristics that you would be surprised to hear about.
All of these determine what is called your base rate.
In other words, who you are and what you drive will determine how much your rate will be without any discounts.
Offering discounts is a way for insurance companies to both incentivize good behavior and win over new customers.
By claiming that they save you money because you are a good student, or have a home owner's policy with them, or don't drive to work, or anything along those lines, makes you more keen to choosing them for your insurance needs.
If you know what to ask for, getting discounts can quickly lower your rate over twenty percent.
The best way to go about finding and figuring out those discounts is to ask the company to send you the complete list of discounts that they offer.
By asking for this, they are legally obligated to show you exactly what they offer everybody.
You'll be very surprised to see which ones they have that you may not know about.
Of course, as you probably know as well, changing insurance companies is one of the easiest ways to save a lot of money.
The best way to do this is to compare rates from many different companies at once after inputting your information into a website only one time.
This way you save time and money! Of course, it is in your best interests to do some homework on the company before you decide to switch to them, though.
You can look at your state's insurance regulation department and the Better Business Bureau to find out what kind of complaints have been filed against them.
That is what tells them how risky you are, how much money they make off of you, and how much they will charge you for insurance, both as a function of deductible as well as showing the discounts that they should and will offer to you.
However, those rate charts are extremely confidential and there is no chance of you getting your hands on one.
How, then, is it possible to know whether or not you're getting all of the insurance discounts that are available to you? There are a huge number of variables that go into calculating your insurance rates.
Credit, the type and color car that you drive, the number of traffic violations, your accident history, criminal record, even down to your gender, age, and many other characteristics that you would be surprised to hear about.
All of these determine what is called your base rate.
In other words, who you are and what you drive will determine how much your rate will be without any discounts.
Offering discounts is a way for insurance companies to both incentivize good behavior and win over new customers.
By claiming that they save you money because you are a good student, or have a home owner's policy with them, or don't drive to work, or anything along those lines, makes you more keen to choosing them for your insurance needs.
If you know what to ask for, getting discounts can quickly lower your rate over twenty percent.
The best way to go about finding and figuring out those discounts is to ask the company to send you the complete list of discounts that they offer.
By asking for this, they are legally obligated to show you exactly what they offer everybody.
You'll be very surprised to see which ones they have that you may not know about.
Of course, as you probably know as well, changing insurance companies is one of the easiest ways to save a lot of money.
The best way to do this is to compare rates from many different companies at once after inputting your information into a website only one time.
This way you save time and money! Of course, it is in your best interests to do some homework on the company before you decide to switch to them, though.
You can look at your state's insurance regulation department and the Better Business Bureau to find out what kind of complaints have been filed against them.