(openPR) - Due to the complex formulas that auto insurance companies use today it's more important then ever that individuals use the tools online for comparing individual auto rates.
Doing so could significantly reduce their auto insurance rates by as much as 20-40% each year.
Glen Burnie, Maryland - December 22, 2005 - Over 75% of current car owners are needlessly overpaying on their auto insurance rates because of pure laziness or lack of knowledge. By taking just a 5-10 minutes each year to compare their auto insurance rates online they could be eligible for savings of hundreds of dollars every year on their car insurance premiums.
Most car owners have a hard time deciphering the insurance jargon contained in their insurance policies. What makes it even worse is the fact that most auto insurance companies use a wide variety of complex mathematical formulas in determining the rates that apply to their policy holders.
No wonder individuals take the easy way out and blindly pay their auto insurance premiums each and every year.
But with the available tools on the Internet today their is no longer an excuse for those individuals anymore. In just a few minutes anyone can submit their information to numerous third party online auto insurance rate quote websites like:
In fact, the individuals that take the time to compare their auto insurance policies can save on average over $451.
Why such a discrepancy in rates?
Here are just a few examples on how auto insurance rates are determined:
==> Credit history
==> Driving history
==> Marital status
==> Age
==> Make and model of vehicle plus current book value
==> Zip code
It's not unheard of that some people living just down the street within a different zip code could have a auto insurance rate that is hundreds or even thousands of dollars less or more then them.
Another resource for reducing auto insurance rates is a publication printed by the Insurance Information Institute called "9 Ways To Lower Your Auto Insurance Costs" and is available at:
So, for the individuals who are willing to spend just a little time online filling out one or two quick forms for obtaining a third party auto insurance quote they can now expect to save approximately 20-40% on their auto insurance rates every year.
About the author:
Ted Kushner researches and reviews consumer interest products and websites relating to health, personal finances and business subjects.
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