Looking for affordable international auto insurance is important. While trying to understand your premium's cost it can be difficult to calculate why you are paying your current premium. Knowing a few important facts that your insurers usually do not tell you will help you know why you are paying your current premiums.
Good or Bad Credit - Your credit score plays a much bigger role in the cost of your insurance then most agents would admit. In fact most drivers do not even realize that credit is even part of the calculation. The reason why your credit score is used in determining international auto insurance is because of the liability insurers face if you do not pay regularly. Also the worse the credit score the higher the insurance premium drivers receive to protect insurers from future negligence.
Make and Model - The car's make and model are used to determine how much your monthly premium will be for your foreign auto coverage. If you have a particular car that is easily stolen and known to be problematic then your rates might increase. Likewise an extremely expense make or model will increase your policies rate to protect the insurers in case of a collision or accident.
By understanding these two important factors, drivers can be educated in why they pay their current or future auto insurance premiums. Other important factors besides credit scores and make and model can contribute to premiums overall cost so further research is important when buying foreign car insurance.
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Edward Fresco is an expert in the field of European Auto Insurance
Article Source: http://EzineArticles.com/?expert=Edward_Fresco
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