Complimentary Business Auto Policy Review - Ways to Manage Business Auto Insurance Premiums!
Business Auto Insurance Premiums
Before you purchase a car, it's a good idea to understand all the costs associated with the purchase of the vehicle, including the cost of automobile insurance.
The Basics
Learning about how car insurance rates are determined can help you understand why rates vary and assist with your auto-buying decision. Factors that impact auto rates include the following:
• Age of insured driver(s)-Young drivers under the age of 25 are statistically more likely to be in an accident, so rates are typically higher than those of their older counterparts.
• Driver record-Studies indicate that drivers with past claims are more likely to have future claims. Drivers with moving violations, accidents or claims in the past three years will usually pay a higher price for their car insurance than those ensuring the same vehicle but are "loss-free:'
• The type of vehicle-Both the size and performance of the car you drive impact premium costs:
- Size: Larger cars might be less expensive to insure than smaller cars because they typically suffer less damage in an accident.
- Performance: High-performance vehicles, such as sports cars, tend to be more expensive to insure since they are statistically driven more aggressively. As a result, they tend to be involved in accidents more frequently.
• Value and age of car-As a simple rule of thumb, the newer or more expensive the car is, the more it will cost to insure.
• Car features-You might be able to earn premium discounts based on the vehicle's safety features, such as anti-lock brakes, airbags and anti-theft devices, and by having more than one car on the policy.
• Vehicle usage and location-Typically, the higher your annual mileage (i.e., how much you drive), the higher the premium. Additionally, the more densely populated an area is, the higher the auto premium.
• Deductible choice-The higher your deductible, the lower your premium.
Top Ways to Save on Your Auto Premium:
• Consider raising your deductible.
• Keep up your good driving record.
• Drive a car with safety features such as anti-lock brakes and airbags.
• Install an anti-theft device.
We're Here to Help!
Contact us to learn more about our automobile insurance and personal risk management solutions.
Kim Jones, CIC
Acentria Insurance
321-441-3729
www.acentria.com
The Basics
Learning about how car insurance rates are determined can help you understand why rates vary and assist with your auto-buying decision. Factors that impact auto rates include the following:
• Age of insured driver(s)-Young drivers under the age of 25 are statistically more likely to be in an accident, so rates are typically higher than those of their older counterparts.
• Driver record-Studies indicate that drivers with past claims are more likely to have future claims. Drivers with moving violations, accidents or claims in the past three years will usually pay a higher price for their car insurance than those ensuring the same vehicle but are "loss-free:'
• The type of vehicle-Both the size and performance of the car you drive impact premium costs:
- Size: Larger cars might be less expensive to insure than smaller cars because they typically suffer less damage in an accident.
- Performance: High-performance vehicles, such as sports cars, tend to be more expensive to insure since they are statistically driven more aggressively. As a result, they tend to be involved in accidents more frequently.
• Value and age of car-As a simple rule of thumb, the newer or more expensive the car is, the more it will cost to insure.
• Car features-You might be able to earn premium discounts based on the vehicle's safety features, such as anti-lock brakes, airbags and anti-theft devices, and by having more than one car on the policy.
• Vehicle usage and location-Typically, the higher your annual mileage (i.e., how much you drive), the higher the premium. Additionally, the more densely populated an area is, the higher the auto premium.
• Deductible choice-The higher your deductible, the lower your premium.
Top Ways to Save on Your Auto Premium:
• Consider raising your deductible.
• Keep up your good driving record.
• Drive a car with safety features such as anti-lock brakes and airbags.
• Install an anti-theft device.
We're Here to Help!
Contact us to learn more about our automobile insurance and personal risk management solutions.
Kim Jones, CIC
Acentria Insurance
321-441-3729
www.acentria.com
This Hot Deal is promoted by Greater Palm Bay Chamber of Commerce.
