Interesting Insurance Statistics

Insurance may seem like a dull subject, but, as with any topic, there are interesting facts and statistics to be found. Next time you’re out enjoying a cup of coffee in Adelphi, Burtonsville, or anywhere else in Maryland, start a conversation with one of these odd insurance statistics:

• There is a car accident in the US every 8 seconds.
• Here’s one for the current rough economic times: for every 100 newly unemployed people, there will be 75 new people driving without car insurance.
• Washington D.C. is the most dangerous place to drive, with 3.2 fatalities per 100,000 people.
• Hawaii, on the other hand, isn’t just one of the prettiest states; it’s the safest. Traffic fatalities number just 1.9. per 100,000.
• The national average cost for a car insurance policy is $1567. Hawaii’s is cheapest, while Maryland falls just a little above the middle of the pack.
• Seat belts significantly lower the risk of injury during an auto accident. For this reason, all cars, by law, have had to have at least lap belts since 1968.
• The basic concepts behind insurance date back to the Code of Hammurabi. These laws allowed for banks to lend traders the value of the goods they were transporting. If the shipment arrived safely, the loan was repaid, plus interest. If it did not arrive, the loan was forgiven.

Lower Your Car Insurance Premium: Three Top Tips

If you are a resident of Glenn Dale, Bowie, Greenbelt, Maryland City, Fairland, Cloverly, Colesville, Burtonsville, or Adelphi and have been looking for a better solution for car insurance, take heart: It may be easier to lower your premium than you think! While your current agent might be telling you that you already have the lowest cost policy possible, this is not always actually the case. With a few smart tips you can cut costs while retaining quality car insurance.

Tip One: Consider a higher deductible. A higher deductible can make a major difference in your bottom line. Even a relatively small deductible raise, from $200 up to $500, can knock your car insurance rates down by up to 30 percent, according to MSNBC’s Money website. If you are willing to up your deductible even more, say up to $1000, you can realize greater savings on your premiums: In the range of 40 percent.

Tip Two: Shop around and compare offers from multiple insurance providers. It can be as simple as taking a little time to get comparison quotes over the web! Our online quoting tools features automatic pre-fill of your vehicle information, takes only a few minutes to complete, and will give you rates from some of the top companies in the New England area.

Tip Three: Look for discounts. Many insurance companies offer special discounts to certain groups of people, and you are likely to qualify for at least one of these discounts. Insurance providers may offer student discounts, safe driver discounts, multiple car discounts, or discounts for having your life or health insurance through the same provider as the company providing your car insurance.

Use the simple tips we have outlined here if you want to get the best possible deal on your car insurance!