Searching for a cheaper rate on your car and house insurance?
Here are some options to consider on house and auto insurance:
Insurers take a dim view of drivers operating their vehicles without insurance especially since in most states there are financial responsibility laws. Even just a week or two of lapse in coverage could have an enormous effect on your premium.
The underwriting criteria will differ from company to company so it is an advantage for the independent agent to have as many companies from which to choose when there is a lapse discrepancy. Some companies will make exceptions for the consumer that is innocent with no prior coverage, such as the person that has commuted for years on the bus line and not owned a vehicle. Be prepared to pay 50% higher premiums if you have been without coverage for 30 days.
The following is a list of other items that some insurance companies consider when calculating the final insurance rate:
- College Degree
- Prior insurance company higher limits on Bodily Injury
- Length of time with prior insurance company
- Length of time at your current address
- Homeownership
- Companion policy discount
- College Degree
- Prior insurance company higher limits on Bodily Injury
- Length of time with prior insurance company
- Length of time at your current address
- Homeownership
- Companion policy discount