It’s not enough to pick an auto insurer on the strength of their online car insurance quotes. Sure, this is a great way to gauge whether or not you’re going to be able to afford insurance for that fancy SUV you just got for a steal. But when it comes to the point of saying “Yes, I’ll go with this company” you’ve got to look beyond just comparing auto insurance quotes. What you really need to look at is the financial strength of the insurer.
What does the financial strength of the insurance company you’re doing business with have to do with it? Everything. Picture this scenario: two days after someone decides to make your day by t-boning you in an intersection, your car insurance company files for bankruptcy. Talk about your bad timing – in this circumstance you’ll be lucky to get a payout on your claim. But a company doesn’t have to be going under to experience difficulty coming up with the money to pay out.
For this reason, never just base your decision on their online car insurance quotes. Always make sure that the company you’re thinking of doing business with has the financial standing to be able to fork over the funds if and when the time comes. You can do this by using the online services of A.M. Best, an organization that ranks the financial strength of insurance companies. If an insurer receives any of the following 3 ratings, you can consider them a safe bet.
• Superior – A++ or A+ rating.
• Excellent – A or A- rating.
• Good – B++ or B+ rating.
If the insurance company has a rating any lower than this, you might be putting yourself at risk for not getting coverage when you need it the most.
“At the moment of crash, all my family in the car still traveled at the car’s original speed. The rate of thrust we underwent due to impact made us loose our senses ” recalls John, Ohio after the major traffic disaster he had last month. All manufactured vehicles must certainly meet specific safety standards which are put forth by automobile industries of Ohio, to avoid accidents or lawsuits in such events. Insurance companies must insist on safety standards for claiming. Recently, few companies also take car’s safety features into consideration when drawing up their rates.
Two types of safety devices are always recommended to avoid major accident prone injuries and loss.
In-Vehicle Safety Devices
- Air Bags: The air bag is best used in combination with wearing a safety belt, and can prevent injuries and fatalities in front-end collisions.
- Sensing System Backed Up: When a vehicle gets very close to any object a proximity sensor fixed in the rear portion of car, it warns the driver. This is an optional feature in many cars and usually found in large sized SUV’s.
- Interior Materials Absorbing Impacts: These materials provide cushioning and padding on armrests and dashboards helping to minimize the effect of bumps. To major extent it avoids cuts and bruises when any crash occurs.
- Seat Belts: Body movement is limited by seat belts when the vehicle is driven with sudden changes in direction or speed. It helps to keep you steady in one fixed position, on your seat. You will not be bounced or thrown away from your seat. In-fact, this helps the positioning of airbags in an effective way for its purpose to be served.
Exterior Safety Features
- Car windshields designed can withstand high pressure to avoid the vehicle from severe cracking when rode daily. They are equipped along with wipers, defogging and defrosting features. Many SUV’s are also built with fog lights to sustain in foggy weather and for better visibility.
- To protect driver and passengers from flying open while the car is on move, door locks are placed in a better way. If driving along with any children, back seats are fitted with safety locks to prevent any accidents if the door opens automatically. Also, there are safety features fit in trunk and hood of the car.
It’s always an intelligent option to check for all safety devices installed while buying your car instead of landing in paying high premium rates.
With auto insurance rates seemingly always on the rise it can be beneficial to consider purchasing vehicles with lower monthly premiums. In Texas having car insurance is not only necessary to protect your vehicle it is also required by law. Choosing a car that has a high safety rating, low repair costs, and is less likely to be stolen can significantly reduce auto insurance rates. Here are a few vehicles that will keep insurance costs at a minimum while providing a great driving experience.
1. Jeep Wrangler – This all purpose vehicle has a high safety rating and low repair costs
2. Ford Escape – A smaller SUV, has a relatively low price and strong safety rating
3. Mercury Grand Marquis – A five-star safety rating leads to higher safety rating
4. Ford Ranger – This pick-up is one of the cheapest on the market and has a low theft rate
5. Chevrolet Equinox – The SUV/Mini-van hybrid has accident avoidance features and high crash rating scores
These vehicles all carry relatively inexpensive auto insurance premiums. Texas drivers looking to reduce their car insurance payments would be wise to look into vehicles that provide function over flash. Instead of going for a brand new, high-end convertible try finding a pre-owned SUV that comes with a strong safety rating. By picking a safe and inexpensive vehicle drivers can cut down on auto insurance costs and spend their hard-earned money on more entertaining options.
You’ve got the kids, you’ve got the dog—and now it’s time to get a car that’s large enough to transport the entire family. Whether you’re driving your daughter to school, your son to baseball practice, or the whole gang to Disneyland for the day, an SUV is a comfortable, safe vehicle and a great choice for a family. But when it comes to paying the car insurance premiums, don’t be too surprised when you see the SUV insurance rate.
SUV Insurance Rates are Significantly Higher
An estimated 12 percent of all vehicles in the United States are SUVs, despite the fact that SUV insurance rates are generally between 10 and 20 percent higher than those of a regular car. And though this might seem like a lot, there are a number of reasons why insurance companies charge high SUV insurance rates.
Reasons for High SUV Insurance Rates
One of the reasons SUV insurance rates are higher is that though SUVs might feel safer to drive, they can cause a lot of damage to other vehicles in a collision which costs the insurance companies more in the event of an accident. In addition, SUVs are more at risk for flipping over in high-speed swerves, turns, or collisions. And for the past seven years, SUVs have been the most popular target for car thieves, with the Cadillac Escalade topping the chart last year for “most stolen.”
Get the Lowest SUV Insurance Rates
To compare and get the lowest SUV insurance rates, go to AgentInsure and request your free quotes from a number of insurance carriers. You can compare all of the different quotes and select the policy that offers you and your family adequate coverage without breaking the bank.