Why shopping for car insurance is important now
Summary
The article says drivers should compare car insurance policies because insurers use different pricing models, and renewal rates may no longer be competitive. Changes in a driver’s circumstances, such as driving fewer miles or changing vehicles, may also affect premiums or eligibility for discounts.Key Facts
- Insurers can quote different prices for the same coverage because they weigh risk factors differently.
- The article recommends comparing quotes from at least three insurers.
- A clean driving record or customer loyalty does not guarantee the lowest premium.
- Insurers adjust prices based on claims experience, operating expenses, and other risk factors.
- Driving fewer miles, moving, or changing vehicles can affect insurance costs.
- A credit-based insurance score may affect rates where state rules allow it.
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