Are You Paying More Insurance than Your Friend?
When it comes to best friends, they compare things in their lives from the schools they went as well as to compare car insurance. There might be a case when you are wondering why your car insurance rates are different or even higher than your friend is. Many factors contribute to the difference in premiums, some of them under your control while others which you cannot control if you compare car insurance with your friend.
The car that you are driving is an important factor, which determines your amount. If your friend is driving a decade old make and you are the sort who changes new models every couple of years, you are more likely to end up paying more than your friend pays. If you are still willing to buy a new make, make sure that you do your homework before buying a new car. Check about how that car may have an impact on the insurance.
Apart from what you drive, how you drive also determines the rates of your premium. It is always the rule to be a safe driver- falling in the high-risk driver category with speeding tickets or with an accident or two will be a bad mark on your record and will only lead to a high insurance premium. Safe drivers are the choice of preference for insurance companies.
The part of the city in which you live is an important factor. If your friend is living in an area with safety ensured and less crime rates, he will derive a low insurance premium. A higher risk zone will be an alert zone for an insurance company as is the case with the distance for which you drive your car.
Among these factors, there are specific policies, which your friend might fall under because of which might bring him lower rates. Before going for insurance, compare car insurance with your friends to understand what they already know.
Article written by the marketing division of Compare.Com.