Everyone wants to know how to manipulate auto insurance rates to save as much money as possible. There are ways to save money and steps you can take to increase your chances of cheap auto insurance. It may not always happen overnight, but with a little work, some know-how and some discipline, you can lower your car insurance premiums.
Auto Insurance Rates Are Not Regulated
Unlike health insurance rates, federal and state governments do not regulate the rates of car insurance companies. Companies are free to charge what they feel is appropriate, so this allows for a wide range of rates. Add to this the fact that, depending upon your state, you may have access to 25 to 75 car insurance companies and there is significant room for savings, which is certainly to your benefit.
How Auto Insurance Rates Are Calculated
Before you can manipulate car insurance rates to your advantage you need to know how they are determined. There is no secret formula, as each company determines their rates differently, but there are several major variables that will weigh the most heavily on your premiums. The two most important factors from company to