11 Reasons Your Atlanta Auto Insurance Costs So Much

September 14th, 2009 by Lloyd Pro Group Inc.

Everyone is looking to save a buck in this economy, so why not save on your Atlanta auto insurance premiums? In a moment I will share with you how your premiums are determined. But first…

104117481 4b6b63fa59 11 Reasons Your Atlanta Auto Insurance Costs So Much

Insurance rates, Einstein and The Theory of Relativity.

Did you know that it took over 200 years from Sir Isaac Newton in 1717 until Albert Einstein in 1905 finally proved his infamous , formula. Well what does, insurance have to do with the theory of relativity? Simply this, you don’t need to be an Einstein to figure how your auto insurance rates are calculated.

In fact, here are 11 ways an Atlanta Insurance company figures out how much your premium will be. Review them one at a time.  Some of these you may have no control of. However, there are quite a few you can use to your advantage. When you are done feel free to call our Atlanta Insurance Agency so we can give you a quote for your auto insurance.

1- Age: How old is the young driver? Lets face it, new drivers have less experience than others and so it will cost a little more for right now. But that’s only temporary because your rates will drop when you turn 25 years old. If they are 16 or 17 years old, they are too young to get their own policy. This means they will need to be listed under someone else s insurance for right now. If they are 18 years old they can get insurance under their own name.

2- Sex: Are they male or female? Unfortunately male drivers will pay more because the statistics show they are involved in more accidents. Sorry guys!

3- Address: Where will you park your car? Your neighborhood zip code will affect your rates. If you live in an area that statistically has more accidents, thefts and claims then prepare to pay a little more.

4- Vehicle information including year, make and model: It makes sense that a new car will cost more to insure than an old car. A more expensive car will cost more than a less expensive one and a sports car will cost more than a sedan. Believe it or not foreign cars cost more to insure than domestic cars! If you want to play it safe, try and pick a Domestic, 4 cylinder, 4 door sedan or minivan. If you want a 2 door red roadster then to be prepared to pay for the privilege of insuring it!

5- Annual miles to be driven: It only makes sense that the more you drive it the more chance of having an accident. The opposite is also true, you will pay less if you do not drive it as often.

6- Type of use: Is it mainly for pleasure? Will you use it for work? Or is it just for commuting?

7- Type of coverage desired: The state law requires a vehicle to be insured with a minimum of basic liability coverage. As you can imagine this will cost less than if you opted for full comprehensive and collision coverage. Of course additional premiums would be required if you added on additional protection such as uninsured motorist, towing or rental reimbursement.

8- Driving record: Teenage drivers will pay more for coverage because they have less experience behind the wheel. However there are additional things that will cause your premiums to go up. Have you received any tickets by the police? Have you been in any accidents? Is there a DUI on your record?

If we are talking about a 16 or 17 year old driver than they will need to be added onto their parents existing policy. Believe it or not, the parents driving record too will impact how much the premiums go up. If the parents have tickets or accidents the premiums will be higher than if they had a clean driving record.

Remember that your driving habits are one of the biggest contributors to the cost of your monthly premiums. Make it a habit to be a safe and defensive driver.

9- Deductibles: The higher a deductible you choose, the lower your rates will be. So if you pick a $250 deductible, then be prepared to pay more than if you would have chosen a $1,000.00 deductible. This isn’t rocket science, so if you are a good driver and have confidence in your ability to drive safely then go ahead and pick as high a deductible as you can afford.

10- Claims: The more claims you make the higher your rates will go. So avoid making claims for every little thing that happens to your automobile. It may be worth it to fix small dents and windshield cracks on your own than risk your rates to go up. You can do what ever you want, just remember, you either pay for it now or pay for it later.

11- Ask for any discounts that are available. A drivers education class is recommended for young drivers. All drivers whether experienced or not could benefit from a defensive defensive driving class. Sometimes car alarms will knock off a few dollars too. You might be surprised at what additional discounts are available.

Why not pick up the phone and contact us now to find out now?

In conclusion, shop around for the lowest rates. Every insurance company will have their own Atlanta car insurance rate schedule. So it make sense to be a smart consumer and check your pricing. Just remember to compare apples to apples.

Why not start right now? Pick up the phone and call us now at:

(770) 381-5000

Do you have any additional tips for reducing auto insurance? We would love for you to add them below:

Proudly serving our clients with Duluth Atlanta auto insurance through out Atlanta Including: Tucker, Lilburn, Lawrenceville, Buford, Norcross, Braselton, Gwinnett county, Decatur,Dekalb county, Stone Mountain, Lithonia, Conyers, Forrest Park, Jonesboro,Douglasville, Douglas county, Villa Rica, Austell, Hiram, Powder Springs, Lithia Springs, Smyrna, Marrietta, Vinings, Dunwoody, Roswell, Atlanta, and Cobb county Ga

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Posted at 12:44 pm: 3 comments

3 responses to “11 Reasons Your Atlanta Auto Insurance Costs So Much”

  1. Redistribution of Car Insurance Premiums? writes:

    [...] premiums are rated by the zip code you live in. We commented on this recently in a post we did on how car insurance rates are calculated. Be assured that Georgia insurance agencies like Lloyd Pro Group do not make the rules about zip [...]

    @ September 24th, 2009 at 10:54
  2. Georgia home insurance protects against rising crime writes:

    [...] disaster. Combine this with the ever rising unemployment rate and you don’t need to be an Einstein to see what the future holds if the economy doesn’t pick up real [...]

    @ October 24th, 2009 at 11:38
  3. 5 Common Car Insurance Myths writes:

    [...] The interesting thing is that when shopping for an Atlanta insurance quote the insurance companies will not even ask you about the color of your car when they’re preparing your quote! Instead they are interested in what kind of car it is, how old it is, etc. For a more detailed list read our article on calculating car insurance premiums. [...]

    @ January 13th, 2010 at 12:04

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