Many people simply don’t realize that the difference in car insurance premiums among the various insurance companies (for similar packages or policies) can add up to more than $1000. You are probably paying more than you need to, unless you are proactive. There are many things you might prefer to do with an extra $1000. Even a tenth of that amount would be quite appreciated by most of us. Allow me to illustrate the ways in which you might obtain savings on your car insurance…


How do insurance companies figure out what your premium should be? This is done my assessing your risk level. So, how is your risk level figured out? They consider your score on several risk factors (I guess that’s why you have to fill out a form). However, just like most things in life, there is no general consensus among insurance companies on the relative importance of factors when weighed against each other. Here’s what you’ll be able to take advantage of to save a lot on your car insurance…

We should use these categories to clarify things: Age classification and martial status. The highest risk age group are individuals under the age of 25. The lowest risk status is “married”. However, if you are married but under 25, then different insurance companies will score your risk level differently depending on which factor they think is a stronger indicator of your level of risk. If an insurance company chooses to take married status as a weightier aspect of the two, you will pay less due to the fact that you are married.

So you can see that while all insurance companies use the same factors to calculate your premiums, your quotes will differ considerably based on which factors they rate as the most important risk factors and those they consider the least important.

Another factor that might not be obvious but which counts heavily is the company’s unique selling proposition. That is what they represent and who their focus is on servicing. This will determine their biases and to a large extent, it determines the cost of premiums they will charge to people who meet or fall below their “desirability” level. It is useful to find a company that is in the position to favor a group that you are a member of.

I just wanted to mention. . .

Some people get so caught up in the savings aspect that they forget what insurance is about in the first place: Providing coverage. Don’t fall for that.

You can still save money without becoming uncovered or “undercovered.”

In parting…

If you go online, you can avoid having to go through the Yellow Pages to find the name of insurance agents and then start calling each one separately. All you need to do is go to a site that gives you quotes from leading insurance companies in your country.

The other perk is that car insurance quotes obtained online are generally lower than the ones you would get from agents. The logic behind this is another story for another day. But you shouldn’t let this opportunity pass you by.

And, never be content to let things be (I want them to be even better). I have investigated the best car insurance quotes websites for you. So, I hope I’ve made it really difficult for you to NOT save money without wasting your entire day. Since car insurance quotes cost nothing, what do you have to lose?