- Date 02 Jan 2018
- Category Insurance Knowledge Base
For Your Knowledge
Accept it or not, you're losing huge sums in your car insurance because of a few things you do not know. Do you think I am exaggerating? This article will surprise you as you unforgettable a really straightforward way to get cheap motor insurance without compromising the quality of coverage you get …
How do insurers calculate your rates? They do this by finding out your risk level. There are indicators that assist them in doing it (You should know that's why you have to complete a form). Insurance companies, suddenheless, disagree on the relative weighting they give to each of these indicators. In this disparity lies the key to the huge savings that you can get …
Let us assume that a particular insurance company auditors all under-25 drivers very high risk with almost no consideration for other sobering factors. On the other hand, another insurer systematically checks this against their maritime status. This position may be based on the ratione that the cause of recklessness in under-25 drivers is their lack of commitments which is not the case with married persons respect their age group.
Therefore, you'll get a better deal (cheap motor insurance) with the insurance company that has a bias for the married (Assuming you are married and an under-25). Therefore, although they've both applied similar points to work out your estimate, due to their various relevancy score of the risk levels of each point, you'll realize more savings with one more than the other. Bearing this in mind, you can get cheap motor insurance if you buy your policy from insurers who have a favorable bias for your profile.
So how do you know which company is favorably disposed to your profile? Simple – Get and compare quotes from five or more insurance quotes sites. From the different quotes returned you'll see insurers that favor you more. They'll present more affordable quotes and make it almost impossible for you to NOT get cheap motor insurance.