Insuring Your Car

KIP TIP Kevin: I am Kevin McCormally of Kiplinger nurse and I am here Kim Lankford for the insurance editor of Kiplinger Personal finance magazine to talk about how to save on auto insurance. Kim I have heard that auto insurance—now look at my credit score. How much to charge me for my auto insurance? It does not make sense to me. What is going on? Kim: Well insurance company gets some research and discovery that people who have bad credit scores tend to have more accident and claims than other people do. And just some of the many more things that they are looking at and a lot more detail this days than they have in the past. Kevin: What else they are looking at to determine what premium they should charge people? Kim: Well they are looking at your type of car and a lot of more detail. The liability it can cost on other cars. They are also looking at the amount of miles that you drive not just one cut off, but looking in various segments. They are looking in more than 100 things these days when they use to look but it does not in the past. Kevin: So what does it means to the driver? I mean should be everybody going to be shopping their auto insurance again? Kim: This is an excellent time to shop around for auto insurance because these changes. Some company has maybe changes. Some company has not. So you may save a lot of money by switching company. Kevin: Okay, how should I begin shopping around for a better deal? Kim: Well there is website like insWeb.com and inSure.com that can give you give free and quick quotes. You can also contact an independent agent and contact some companies directly like State Farm. Kevin: So I might be save a lot of money. Kim: You could save hundreds of dollars. You might be very surprise how much money you can save, Kevin: Thank you very much Kim/