Searching for Richmond insurance quotes is not as life changing as the passing of Thomas Jefferson's and James Madison's Virginia Statute for Religious Freedom, but it can make a difference in your life. All too often we make purchases based off popularity to generate savings, but it doesn't always work out that way. Granted, prominent businesses have more wiggle room to offer discounts, but if you comparison shop you could unearth additional savings on your Richmond insurance quotes for the exact same coverage. Here are some factors that determine your insurance rates:
What Drives Your Auto Insurance Rate?
The cost of auto insurance in The Old Dominion is quite reasonable when you compare it with the rest of the country. In 2007, the U.S. average for auto insurance was $795 while Virginians paid an average of $661, according to the Insurance Information Institute. But residents of The River City could be paying substantially more for auto insurance than the nearby dwellers of Ashland or West Point as Richmond's congestion and crime contribute to higher priced auto insurance rates. Case and point: there were 1,030 motor vehicle thefts in Richmond in 2008 while Ashland experienced 20 and West Point suffered three, according to the FBI's Crime in the United States report. However, if you're taking precautions to ensure the safety of your vehicle you're sure to garner discounts. For instance, those who own cars equipped with audible alarms, wheel locks, kill switches or tracking devices will earn money off their Richmond insurance quotes. Other factors that determine the cost of auto insurance are your driving record, credit score, annual mileage and what you drive.
A Lesson on Life
To determine your premium for life insurance coverage your Richmond insurance agent will want to ascertain your health status. To do so, he will likely test your blood and urine. He will ask you if you have any preexisting health problems and will probably request a copy of your medical records. Factors such as your age, occupation, habits and hobbies will affect the cost of your life insurance policy. Unlike auto insurance, the younger you are the more likely you will pay less for life insurance coverage as health tends to deteriorate as you age. High stress jobs and risky hobbies can land you a higher priced life insurance premium. Needless to say, if you're a corporate executive who loves to skydive during leisure you'll likely pay more than a web developer who paints for fun. A smoker will undoubtedly receive costlier Richmond insurance quotes than a nonsmoker.
High Rates are History
When you can spend your free time strolling Belle Isle or soaking up history at the Virginia State Capital, who wants to spend the day cold calling companies for quotes? While gathering quotes will procure top savings, exposing yourself to fast-talking sales reps is not an inviting proposition. But with NetQuote's free services you don't have to. Just give us a heads up on your insurance needs by filling out an easy online questionnaire and we'll match you with several Richmond insurance providers that want your business.