Car Insurance Pricing Plans
By Joseph Kenny
The law requires liability insurance for all drivers and vehicles. This means that if you are involved in a serious accident, and it turns out that it was your fault, your insurance company will pay out any claims that are made against you. Extra coverage on your own vehicle, called comprehensive insurance, is optional.

Insurance companies based on a number of risk factors will calculate the price you pay for this insurance. Basically how it works is the more they feel you are at risk of crashing, and the more they think the resulting crash will cost them, the higher the premium you'll pay.
Assessment

Common factors that will be used to assess the premium are the value of the car you're driving, the safety of that vehicle, the coverage you want, will there be deductibles or limits etc.? How much you'll drive the car, how your driving record stands, how long you've held your license, your age, and if you are young, also your sex.

The premium is then calculated. Usually there is a flat per car, per year rate that everyone pays, regardless of other factors. The other factors will then alter this rate, generally upwards. So if your car is especially fast or dangerous your rate will be increased by a set amount. If it is very old, your rate goes up. If you've had one or more accidents in the past, your rate will go up. If

AAA Review: deadbeat insurance company in ky.
Reviewed by ripped off in kentucky from kentucky on September 6, 2010. Recommend: No.
USAA Review: Claimant review
Reviewed by Elizabeth Mccune from San Diego on August 19, 2010. Recommend: Yes.
Progressive Review: Worst Insurance worse people
Reviewed by Vic from Dallas TX on August 18, 2010. Recommend: No.
Allstate Review: Your Not in good hands
Reviewed by long time insured from torrance, california on August 15, 2010. Recommend: No.
MetLife Review: Metlife = Who cares about your life
Reviewed by M.M. from Montgomery, AL on August 9, 2010. Recommend: No.
Esurance Review: The worst car insurance company ever.
Reviewed by Susuba from East Brunswick NJ on August 6, 2010. Recommend: No.
Grange Insurance Review: Rude, Deceitful, and Stereotyping
Reviewed by Intelligent "Kid" from USA on July 14, 2010. Recommend: No.
Progressive Review: Can't belive this!
Reviewed by James1605 from San Antonio TX on May 27, 2010. Recommend: No.
Progressive Review: PROGRESSIVE IS RIDICULAS
Reviewed by ash from Portland oregon on May 26, 2010. Recommend: No.
Allstate Review: The Worst at Handling Claims
Reviewed by Keep Your "Good Hands" Out of My Pocket from Des Moines, IA on May 20, 2010. Recommend: No.
The Hartford Review: the hartford
Reviewed by nothappywithhartford from new york on April 29, 2010. Recommend: No.
Liberty Mutual Review: Cost is to high
Reviewed by Kwiet from Phila, PA 19140 on April 25, 2010. Recommend: No.
Erie Insurance Review: Misled by Erie Insurance
Reviewed by Screwed.By.Erie from Illinois on February 12, 2010. Recommend: No.
Nationwide Review: Nationwide falsely reported my claim.
Reviewed by exNationwideCustomer from Pennsylvania on February 11, 2010. Recommend: No.
Progressive Review: 180 dollars a month
Reviewed by Tammy from st petersburg, fl on February 7, 2010. Recommend: No.

you're young and male, your rate will go up. The more of these factors you satisfy, the more your rate will be going up.
DiscountsM.b>

As a sales enhancement, many car insurers offer a "low estimated future mileage" discount to customers who predict that the car's mileage will be below some stated limit during the next premium period. There is no verification involved and no additional charge if the car is subsequently driven more than the stated amount. This arbitrary discount tends to foster customer belief in the mistaken idea that "miles" are just one of many classification factors used to raise or lower prices from the territorial base rate. In fact, odometer miles (which insurers do not use) are not a factor but a metric - the only valid basis for measuring each car's consumption of insurance protection in on-the-road use.

The best way to save on car insurance is to shop around, keep a good clean driving record, drive safely, and choose reliable cars that are not known for their power and speed.

About the Author
Joseph Kenny is the webmaster of the insurance site http://www.insure121.com/ where you will find information, news and links to the leading providers of car insurance in the UK.