Car insurance premium calculator – Shopping for car insurance may take time, especially if we have to compare insurance quotes. Filling out the form and waiting for the quotes to be delivered to us may take longer than expected. If you want to know the expected premiums, using car insurance premium calculator is a lot faster and beneficial instead of quote comparison.
If you think you never used insurance calculator before, let’s know more deeply about its benefits and real facts.
Benefits of Insurance Calculator
Of course, the main benefit is the time saving. You may call insurance companies to request quotes. With tight schedule throughout the day, it is difficult for you to perform this activity.
You may also work with an insurance agent, but can exorbitant. Insurance calculator is a lot easier and can be used while you are at home or office.
Comparing quotes is even time taking. You may end up low credits since you have to call more than two or three insurance agents or companies to get quotes and the compare them.
Sometimes, you become doubtful when comparing similar insurance policies. Car insurance premium calculator is capable of providing information that looks similar and helping to organize your plan.
The Secret of Insurance Calculator
Well, using calculator know the expected premiums is not a magic. There must be a reason for why you are charged either low or high premiums.
There are some factors that affect your premiums. The market trends always change from time to time, and in the year of 2012, the most affecting factors are age, gender and location.
The most up-to-date data show that a woman in the age between 25 and 29 is likely charged lower higher than a man in the age of 40 and 49. The location is closely related to the law of the state. Those will be affecting the rate that comes up from car insurance premium calculator.
Some people believe that driving record is the primary factor that affects someone’s insurance premiums. However, the trend is likely changing now. Those three: gender, age and location are put in the primary factors.
There is particular explanation for this, especially when talking about gender. It is the most debatable aspect of all.
Even though the insurance companies are suggested not to consider gender to determine the insurance premiums, there is a statistical data that prove women are less likely to get involved in a car accident. It becomes the main reason for why car insurance premium calculator puts men to have higher risk.
Age is obviously considered. Almost all statistical data show that younger drivers are more likely to get involved in an accident than older drivers. That is because younger drivers seem to have less experience on the wheel than older drivers, despite the gender.
If you live in a state where the car theft rate and car accident rate are in high level, do not expect your car insurance premium calculator gives you a low expected premiums. Living in that kind of situation puts you in a greater risk of being stolen and getting an accident.
Let’s Keep the Insurance Premiums Down
Car insurance premium calculator only gives you an expected rate. It is subject to change and will depend on other external factors. In reality, insurance companies also review the history of your driving and your car, including the needed coverage.
Even though you are females, above 25 years old, and live in a city with low car theft and accident, you may have to pay more if you not only purchase liability limit, but also underinsured/uninsured coverage and comprehensive/collision coverage. The way you store your automobiles at night also affects.
Well, car insurance premium calculator is just a simulation. The real thing can be seen when insurance company reviews your car and some other important factors.