In today’s economy, consumers are continually trying to think of ways to save their hard-earned money. If you want to know how you can lower your car insurance premium, here are some factors that may help you:

• Your address – Neighborhoods that have little traffic compared to congested cities are at lower risk for accidents,and translates to lower premiums. On the other hand, neighborhoods that have a higher rate of vehicle thefts may result to higher premiums.
• Driving Violations – Having a record of accidents or driving violations (such as speeding tickets, DWI, etc.) means that you are at a higher risk for accidents and will mean higher premiums.
• Accident Claims – Insurance companies will check on the accident claims you’ve made in the past. The more claims, the higher premiums.
• Occupation – There is a statistical correlation between your occupation and risk. A salesman who drives around a lot is more likely to have a higher premium than his secretary who sits behind the desk all day.
• Education – A higher education means lower premiums. This is one case where ignorance isn’t bliss.

Comprehensive Insurance for Cars

If your car is damaged by flood, fire, earthquake, storms, explosions, falling objects, vandalism, or even just a contact with animals, it is to your advantage if your insurance policy coverage is comprehensive. One classic example is when you are driving along a highway, there is a truck in front of you and a stone was kicked up and caused a crack in your windshield, a comprehensive car insurance coverage will normally cover the expenses for the repair of your windshield. Another is when you hit a deer or any animal for that matter, while driving down a road, your comprehensive car insurance will pay for the repairs.

Elderly Car Insurance

It is statistically proven that elder drivers are more careful on the road compared to younger drivers. And because of this, it is far easier for elder people to acquire car insurance that has lower premium but with higher coverage. However, not all insurance providers are particularly keen on providing coverage for the elderly just like with new drivers or provisional license holders.

The elderly need not despair because there are far more number of insurance companies that cater to the needs of this group with excellent policies. Those fifty years and above can secure additional insurance benefits from these companies which may include up to 75% no claims discount and 10% online discount for new customers.