But even though shopping around is vital, it is just as vital to be aware of some of the surprising factors that can play a role in how much you will need to pay for the coverage you need.  From your credit score and work history to the type of car you drive and where you live, there are a number of factors that could save you – or cost you – huge bucks on your car insurance.

Many people do not realize that many car insurers factor credit scores, work history and education into their calculations when determining a driver’s car insurance rates.  The truth is that these factors could significantly affect your rates, so it is vital to be an informed insurance consumer.  Before you go shopping for car insurance, be sure to pull a copy of your credit report and examine it carefully.  If you spot any erroneous information be sure to contact the credit reporting agency at once to have it removed. 

If your credit score is low for legitimate reasons, it is a excellent thought to seek out car insurance companies that do not consider credit history in their premium decisions.  There are many companies that proudly advertise the fact that they base premiums only on your driving record, and seeking out such a company could save you a lot of money.

The type of car you drive can also have a significant impact on your car insurance premiums, and it is vital to take that fact into account when you are shopping for a new car.  Before you sign on the dotted line at the dealership, be sure to make a quick phone call to your insurance company to find out what your new insurance rate will be if you go through with the buy.  In some cases the significant jump in insurance rates may be enough to scuttle the buy and send you off in search of a new set of wheels.

Your deductible will also have a significant impact on your car insurance premium, so if you can afford to raise your deductible by even a couple hundred dollars you could save hundreds of dollars in premiums over the course of a year.  It is generally a excellent thought to choose a higher deductible anyway, since submitting a small claim to your insurance company could cause your rates to rise.  If you can afford to self-insure a higher deductible, you may be able to save yourself a lot of money.

Who lives in your household can also have a strong influence on your car insurance rates. If someone in your household has been convicted of a DUI, or if the individual has had his or her license suspended, you may be looking at significantly higher rates.  These higher rates can be triggered even if the individual in question does not drive your vehicle.  You may not be able to do much about this problem without sending your friend packing, but it is vital to be aware that the members of your household can impact your insurance rates.

By understanding the factors that can cause your car insurance rates to increase, you will be in a better position to get a excellent deal on the insurance you need to stay safe on the road.  By shopping around carefully you can save a fantastic deal of money without sacrificing the coverage you need.

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Here are some fascinating info about how Auto Insurance premiums are calculated in Massachusetts from a local Wayland, MA Auto Insurance Agency:

Auto insurance premiums are determined differently by every insurance provider. While some will rate one of the following variables higher than another, all use the following variable to some extent when calculating your car insurance rate.

TYPE OF VEHICLE: The first thing that will affect your car insurance premium is the type of vehicle you drive. Factors such as the value of the vehicle (and hence how much the car insurance company could potentially have to replace), the size of the vehicle, and the maximum speed of the vehicle all play into your auto insurance rate to some degree. People who drive cars that have the potential to go quicker (e.g. Ferrari, Camaro) are more likely to get in an accident than someone driving a four cylinder minivan, and they are charged accordingly. Likewise, someone who drives a Bentley will have to pay more for auto insurance than someone driving a 15-year ancient Nissan. While this is something you should consider before you buy your vehicle, it pays to check around, especially of you have a vehicle that fits somewhere between fancy or quick and low speed or basic, like a nicer V6 SUV.

VEHICLE PURPOSE: The purpose of your vehicle will also be considered. A vehicle used for business or used for a long daily commute is far more likely to be in an accident than one that is used recreationally or taken only to antique car shows. That said, most insurance companies will rate vehicle purpose uniquely to their competitors, so, again, be sure you are reviewing your options carefully to make sure you are getting the best deal – just as some insurance companies will weight using a vehicle more frequently and charge accordingly, many others will reward infrequent drivers (i.e. less than 30 miles per day) with lower auto insurance rates.

LOCATION: Your location will be considered as well. People who live or frequently drive in high population areas, high traffic areas, high crime areas, or high vandalism areas will generally have to pay higher car insurance premiums as there is a greater probability that they will have to file a claim than those who live in small, more rural areas. Insurance premiums are exceptionally high in major metropolitan areas as the four location factors frequently exist in tandem.

DRIVING HISTORY: Your driving history will also be under review when you apply for an auto insurance policy. If you have filed several claims in the past, have a DUI conviction (or similar), or you have several speeding tickets on your record, you can expect to have a high car insurance rate.

CREDIT SCORE: Credit scores are major factors as well. Not only is a low credit score highly correlated with a higher claim frequency, but it is also associated with a greater risk of default, so a car insurance company will charge a higher auto insurance premium to those with low credit scores on the assumption that they will have to pay out more for these policyholders while assuming a greater risk that they may default on the payment of their premiums.

OPTIONS: Lastly, the specific options you choose are used to calculate your auto insurance rate. Things like raising your coverage, lowering your deductible, buying optional services (like roadside help) add to the bottom line of any car insurance premium.

For those in Metrowest Massachusetts including Natick, Dover, Wayland and Sherborn more information can be located at www.fyins.com

At the beginning, people were chanting “Selmeya, Selmeya” = ‘Peaceful, Peaceful” and “Yasqot Yasqot Hosni Mubarak” = “Down down Hosni Mubarak”… and then, this happens! Some people are calling for retreating and stopping the revolution; There is a description for them… “cowards”. If those people who flew away like bugs were your brothers and sisters, what would have been your reaction?
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