Which is the Cheapest Auto Insurance?
By Jacob Carter, Get-InsuranceQuotes.com
A question I constantly receive from friends and family is which is the cheapest auto insurance? In other words, most people want to know which insurance company has the most affordable auto insurance and which ones are going to charge them to the hilt. My answer is always “it depends”. Then I usually hear “depends on what?” Well, in short it depends on “you”. You see each insurance company has figured out which type of driver it wants to purchase auto insurance from them.
In other words, some insurance companies want really good drivers and believe it or not, some insurance companies want really bad drivers -known in the insurance industry as “high risk drivers”. It is of course more complicated than this, and believe me there are insurance companies that only want drivers 50 years and older that have never had an accident. So now the question becomes how does an insurance company deny some drivers and allow other drivers?
Since insurance companies cannot outright deny you coverage for a superficial reason such as you are a 17 year old who drives a Honda Civic (which according to their research pose the most risk). What they do is increase their rates for the customers they don’t want and decrease the rates for the customers they do want.
For example, if an insurance company wants a male driver over 50 years old, they will lower their rates for people who are over 50 years of age. On the flip side, if an insurance company doesn’t want a male teenage driver in a high powered sports car they will substantially increase their insurance premium. At the same time, there may be another insurance company that wants the teen driver in a sports car because they have figured out a way to keep their rates lower than other insurance companies but high enough to maintain a profit. So the question is how do you find the insurance company that wants you?
You must shop around. The best way to get the cheap auto insurance is to compare rates so you can see which companies want your business and which ones don’t. You’ll be surprised at how much you can save just by shopping around. In fact, our research has shown that people that use our site can save as much as $451 on their auto insurance. So to answer the question who has the cheapest auto insurance? The company that most wants you.
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It's hard to trust other sites when they are owned by an insurance company, why would they give me a higher price than their competition? You guys provided me with an unbiased quote and I appreciate that. I also received a really good price too. Thank you.
