Last updated Sep 11, 2016 | Posted in auto insurance, blog

It seems like a dream but it is not. It is possible to get cheaper car insurance. There are many ways to achieve this, read on for tips!

Having a cheap auto insurance is possible!

Many feel that having cheap auto insurance is a pipe dream. But they are wrong. It’s possible! But how?

To get a lower auto insurance rate, understand that the formulation of the policy takes into account a number of statistics such as driver profile and history behind the wheel, where you live, rates of car accidents in your area, types of vehicles and even times and locations that you drive. A lot to consider, right?

In addition, each insurance company uses this set of data for analysis. There are no rules for calculating the value of the vehicle, but there is a pattern that analyzes accidents and driver profile, among many other aspects.

This can vary considerably from one company to another, as each one ends up opting for different criteria. However, most of the time points considered are the same, although with a different weight to each. It is this and other factors which influence the price of auto insurance.

The type of vehicle and cheap auto insurance

Another aspect to consider when looking for cheaper auto insurance is the type of vehicle you own. When buying a car, many wonder why that makes a policy more economical.

The answer is simple: the cars pose less risk of damage. For example, vehicles with low power motor are considered basic models. A low cylinder engine represents a lower risk than a more powerful one with with sporty characteristics, which have a much higher risk of loss.

A very important fact when considering the relationship between the type of vehicle and getting cheaper car insurance is the fact that some are a favorite target of thieves, while others are less attractive to them.

The models that are top sellers are the most attractive to criminals, who often disassemble the vehicles to sell the parts. If a type of car sells well, there is a greater demand for its spare parts. Fast cars are stolen for use as transportation to commit other crimes.

To know which are the most attractive to thieves cars and therefore the most expensive insurance, you can consult a list. There are insurance companies that provide this information. It’s just a matter of finding some information.