The time has come for you to shop for the best auto insurance policy for your vehicle. With offers for auto insurance featured on television, through the mail, and on the Internet, it may be difficult to figure out where to find the cheapest car insurance.
Fear not, there are ways that you can find the car insurance company and car insurance policy that is right for you.
What Is Your Insurance Risk Score?
Did you know that many auto insurers calculate your risk and rates through your insurance risk score?
This score isn't a credit score per se, but it is very similar. In terms of auto insurance, your insurance risk score can be calculated by combining your driving record, claims you have made, and information provided during your insurance application.
Your credit score may also be a factor in your auto insurance rate. Lamont Boyd, Director of Product Management at FICO notes that, "There is a correlation between how a customer handles their credit and how likely they are to submit an insurance claim."
Each insurance company uses this information in different ways. Every auto insurance company weighs your credit score, and insurance risk score differently. The insurance risk score threshold for one company may be much higher than another. This is why it is always important to compare rates of several companies when shopping for insurance.
Other Ways to Get Cheap Car Insurance
Having a favorable insurance risk score is not the only way to get affordable auto insurance. In fact, there are many ways that you can save money on your auto policy.
Remember that you don't have to pay a lot for auto insurance. Simply fill out the form above to begin searching for an affordable auto policy.
Insurify™️ - Virginia Drivers Can Save Up to 50%
Q. Will my policy pay off my car loan if my car is totaled?
A. An explanation of what happens if your car is totaled out when you still owe money on your car loan or lease. Read More
Q. Will car insurance cover my stolen personal items?
A. If someone steals personal items from your car, will car insurance cover those items? Read More
Cheap Auto Insurance - Save up to 40%