Car Insurance Rates

When faced with the thought of having to pay $200 or $500 if they're in an accident, it's not surprising that many people prefer a $200 deductible. But when you're deciding on your deductible, a $500 or $1000 amount will definitely save you money on your current car insurance rates as well as long term.

One of the factors that determines car insurance rates is where you live. Due to higher accident rates and overall expenses, insurance rates are more expensive in urban areas than in less populated areas. But if you drive less by carpooling or taking public transportation you can lower your premium.

According to the Highway Loss Data Institute, the Acura Integra has a theft rate of 14 times that of the average car. So naturally, Integra owners as well as owners of other frequently stolen models, pay higher car insurance rates. If you own one of these types of cars you can still save money by taking steps to reduce the chance for theft. For instance, you can install a burglar alarm and park in a secured building or lot.

Another way to save on your car insurance rates is if you own an older car. The average for major accidents is once every 10 years. So if your car is worth less than 10 times what you pay for collision and comprehensive, it makes sense to drop the coverage.

In addition to these ways to lower your car insurance rates there's a range of possible discounts available, from students who get good grades to discounts for people over 50. So ask your agent what's offered.