England Finance

May 28 2017

Auto Comparison Guide #barclays #bank


#compare auto insurance rates
#

Automobile Rate Comparison Guide

An Online Tool to Help Shop Your Rate

Consumers can use this online tool to compare automobile insurance rates among companies. This system is not intended to provide an exact estimate of your cost of insurance, but rather to demonstrate the importance of shopping around for the best policy for you.

Keep in mind these examples may not precisely reflect your individual circumstances. Also, you may find that a company not included in this guide can best provide the coverage and service you need.

When you start calling for price quotes, be ready to answer questions concerning your driver s license, traffic records, estimated miles driven to and from work, and total miles driven each year. Also, be sure to inquire about discounts. Some companies grant premium reductions based on your good driving record, limited vehicle usage, multiple vehicles, safety and theft devices, and other factors.

Rates are for Liability/Physical Damage.

To begin comparing automobile insurance, select one of the examples below. The rates are based on an individual with an average credit score, premium paid-in-full, with no multi-policy discount:

One at-fault accident 18 months ago, no driving violations, drives to work 30 miles roundtrip, 15,000 miles annually

One at-fault accident 18 months ago, no driving violations, drives to work 30 miles roundtrip, 15,000 miles annually

Two at-fault accidents 18 months ago, no driving violations, drives to work 30 miles roundtrip, 15,000 miles annually

Two at-fault accidents 18 months ago, no driving violations, drives to work 30 miles roundtrip, 15,000 miles annually

No at-fault accidents, no driving violations, drives to work 30 miles roundtrip, 15,000 miles annually

No at-fault accidents, no driving violations, 5,000 miles annually

No at-fault accidents, no driving violations, drives to work 30 miles roundtrip, 15,000 miles annually (Daughter, Age 16, is occasional operator)

Useful Terms:

Liability insurance pays for damages or injury to another person outside your household for which you may be legally responsible.

Comprehensive insurance covers a wide range of potential damages to your vehicle, including fire, theft, vandalism, and glass breakage. Deductibles on comprehensive insurance range from zero to $250. The higher the deductible, the lower the premium. For example, with a $250 deductible, your premium cost would be less, but you pay the first $250 anytime you have a comprehensive claim.

Collision insurance covers you for exactly that: collisions that damage your vehicle. Collision deductibles generally range from $100 to $500 or more. Again, the higher the deductible, the lower the premium.

Credit scoring is a numerical value which assesses an individual s credit worthiness (i.e. reliability for paying bills). Credit scoring is used by many insurance companies as a rating factor for auto insurance.

Deductible is the amount you pay out of your own pocket when you have a claim.

Exclusions are certain situations under which your policy will not cover you or your vehicle.


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