Georgia Car Insurance Quote What Is A Good Deal

Georgia Car Insurance Quote What Is A Good Deal



Georgia Car Insurance Quote - What is​ a​ Good Deal?
Some Georgia statistics
The average auto insurance expenditure for 2003 was $758.69 per year .​
When compared to​ the​ rest of​ the​ United States this is​ very affordable .​
Georgia ranks right in​ the​ middle as​ number 25 in​ the​ contest for the​ most expensive car insurance .​
The number one position belongs to​ New Jersey with average expenditures of​ almost $1,​200 per year .​
In cities like Detroit and New York the​ averages are much higher and range from $3,​000 to​ $5,​000.
Although Georgia is​ considered affordable there are still many ways to​ decrease your monthly auto insurance bill.
As any business insurance companies have costs and can only budge so much on​ what kind of​ price they can offer .​
65% of​ the​ premium that you​ pay goes straight to​ claim payouts .​
This leaves only 35% for overhead and profit .​
Overhead and taxes account for 25% of​ your premium which leaves 10% profit .​
(2004 Insurance Information Institute) 10% profit however leaves plenty of​ room for an​ individual to​ compare quotes and shop around for a​ good deal and find it.
How to​ pay only for what you​ need
First and foremost do not insure yourself for damages that you​ can afford to​ pay .​
Insurance is​ wisely used only to​ cover damages that cannot be paid for out of​ your own pocket .​
For instance compare what higher deductibles would save you​ compared paying one in​ the​ case of​ an​ accident .​
Think about what your driving record has been like in​ the​ past three years and make a​ good guess as​ to​ what your record will be like in​ the​ future three years .​
is​ it​ likely to​ change?




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