The topic of car insurance can be a difficult one. Most people believe they are shelling out excessive amounts for their coverage, and everyone is looking for the best deal to reduce their premiums. Being aware of the elements that go into auto insurance pricing will help make it easier for you, as the consumer, to study the market and make intelligent decisions based on that.

The first thing you should realize is that insurance carriers base their premiums on risk, not the type of person you are or the depth of your pockets. So every time someone has an accident or some other claim the carrier has to pay out for, they record the amount, the make and model of the car, the age and sex of the driver, where they live, etc. There are numerous elements that come into play.

These elements help the insurance company develop a “risk profile.” From this, the carriers can calculate the probability that they will have to pay out, and how much they are likely to have to pay out, based completely on previous experience. This is the reason why newly-qualified male drivers in their early twenties driving sporty cars have to pay a lot to get insurance. Statistics have shown that this specific group is undoubtedly the riskiest.

As soon as you understand the rules, you can use them in your favor. Naturally, you won’t be able to change who you are, but you can replace your car. The most important factors related to your risk profile are make, model and age of your car, which can all be easily changed. Call your independent agent who can advise you on which cars have higher premiums associated with them. They can also shop your quote with multiple carriers and recommend the best coverage for you and your situation.

If you are considered a high risk driver, perhaps because of DUI/DWI, then call 1-866-663-7561 for a Missouri SR22 car insurance quote.


Posted 4:55 PM

Share |


NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version

 



Wessell Insurance Services, llc

1676 Bryan Road, #103
O'Fallon, MO 63368

Toll Free: 866-663-7561
Local: 636-614-4125
Email: Info@sr22-insurance-policies.com

Insurance Products


Auto 
Non-Owner Auto
SR22 
FR44
Broad Form 
Motorcycle 
Commercial Auto

Home

About Us

Blog

Contact Us

Free Quote