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Can Your Smartphone Lower Your Auto Insurance Premium?

We recently reported that auto insurance companies would be relying on driver data to determine how much to charge you for your premium. Yet, in the past, it could be a real hassle — requiring the installation of a special box in your car. Now State Farm and Ford are teaming up to turn your smartphone…

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Perks of Marriage: Cheap Auto Insurance

There are many financial perks of marriage — lower taxes, access to employer benefits, better health insurance rates, and lower auto insurance premiums too. Most companies offer some type of discount for married drivers, although some companies may also offer cheap insurance for people who live together. States like California, Washington, Oregon and Illinois recognize “domestic…

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News: Auto Insurance Companies Raise Rates In Illinois

Allstate Corp. plans to raise car insurance rates for Illinois drivers by 3 to 5 percent, according to company filings with the Illinois Department of Insurance. New rates will go into effect May 17th. According to the company, this decision reverses the “hometown discount” advertised since 2009. They added that the size of the increase will depend upon how…

Do I Need to Pay for My Auto Insurance Coverage in Advance

Auto insurance buyers who are looking for the best way to budget for their payments may be wondering if they need to pay for auto insurance coverage in advance. While a policyholder can pay for coverage for the entire term in advance, insurance companies do offer other payment options to their customers. Consumers need to…

How Does My Credit Rating Affect Auto Insurance Premiums

A number of consumers may be wondering how credit rating affects auto insurance premium rates. In some states, an insurance provider can look at an applicant’s credit score as one of the criteria it uses to determine the amount of risk that a particular driver presents for coverage purposes. Policyholders who miss a couple of…

How Much Will I Have to Pay for Auto Insurance Coverage

The question of how much you will have to pay for auto insurance coverage is a very common one among consumers. There is no single answer to this question, however, since rates are determined based on a number of factors. Each company sets its own rates for coverage as well, which means that a driver…

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Can I Negotiate with My Auto Insurance Company to get a Lower Rate

Drivers who have received a renewal notice from their auto insurance provider may be wondering if they can negotiate with the company to get better coverage rates. Unfortunately, an insurance company is not an entity that you can bargain with to get lower rates. Consumers do have the option to shop around to try to…

How Will Buying a Car Affect My Insurance Premium

Auto insurance companies consider a number of factors when determining whether to offer to insure you as a driver and how much to charge for coverage. Each company determines how much weight to give to individual factors, but you can probably expect that the insurance company will look at the following when making this determination:…

How Much Will My Auto Insurance Go Up After an Accident

Drivers who are wondering how much more they will have to pay for auto insurance coverage following an accident won’t be able to find a hard and fast answer to this question. Each insurance company sets the rates it charges to its policyholders independently, based on the level of risk they are prepared to assume…

Will My Auto Insurance Company Raise My Rates if I’m Unemployed

Your auto insurance company rates likely won’t change if you lose your job. If you are unemployed and are unable to pay your bills on time, your credit rating may be affected. In some states, auto insurance companies can pull an applicant’s credit history and use this information as part of their underwriting process. A…

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