Big Brother and Car Insurance

A pilot program was recently rolled out in Northern Ireland which will monitor people's driving habits by sitting their vehicles with a data recorder to keep track of statistics on how their car is driven. It's not likely that a program like this wou

Online PR News – 27-April-2011 – – A pilot program was recently rolled out in Northern Ireland which will monitor people's driving habits by sitting their vehicles with a data recorder to keep track of statistics on how their car is driven. It's not likely that a program like this would launch in the United States anytime soon but insurance companies have been trying to figure out their customers driving habits for decades in order to adjust their rates accordingly.

A program like this seems invasive and many people don't like big brother watching everything they do but this type of program could have some benefits. Insurance companies adjust their rates by attempting to determine how much risk a potential client poses. If you are a good, safe driver then a device that monitors the way you drive and can provide your insurance company with proof that you are safe driver will help you get lower rates. This could even mean that factors that would normally have an adverse effect on your premiums would no longer be an issue. For example, it's very difficult to get cheap car insurance for young drivers because younger drivers are statistically proven to be involved in more accidents. Young male drivers are hit especially hard when it comes to paying for their coverage. However, if you had one of these devices installed in your vehicle that monitored your driving habits and proved that you are a safe driver you would be able to get a much lower rate than you currently do.

As mentioned above, a program like this is not likely to launch in the United States in the foreseeable future but there are some other ways to find low price auto insurance so that you can get the coverage you need without paying too much for it. One way to save some money is to take advantage of any discounts that might be available to you. Contact your insurance agent and asked them about any possible discounts and you may be pleasantly surprised to learn that you qualify for some rate reductions.

Another way to reduce your premiums is to raise your deductible. According to the Insurance Information Institute if you have a $200 deductible and you raise it to $500 you could lower the cost of collision and comprehensive coverage by up to 30% and raising your deductible to $1000 could lower your premiums by 40% or more. It is also a good idea to review your policy once in a while to make sure you're not paying more than you need to. If you're driving a $50,000 vehicle you probably want to have full coverage but if your car is several years old and not worth very much anymore it may be time to reduce the amount of coverage you have an reducing your coverage will save you a lot of money.

The fastest and easiest way to save money is to simply shop around for a better deal. There is a lot of competition among the various insurance providers and prices can differ significantly from one company to another. Take a few minutes to get some free car insurance quotes and you could easily find an opportunity to save a substantial amount of money. If you can find a company that offers the same coverage at a better price you should switch companies or see if your current insurance provider would be willing to match the price of their competitors.

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Stacey Jenkins
LowPriceAutoInsurance

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