Auto Liability Insurance, .Auto Insurance Rates

If you own a car, truck or other motor vehicle, most states require you to purchase Auto Liability insurance, which can protect you and your passengers in the event of a covered loss.Auto insurance rates are based on many factors and quotes can vary widely.

Among the factors that insurance companies often consider when setting rates are age, gender, driving history, and the year, make and model of the vehicle.

Additionally, in some states insurers can consider credit histories (credit scoring) when providing rate quotes.

If your car is financed, your lender will likely require you carry some form of Comprehensive insurance (sometimes known as "Other than Collision Coverage"). This type of insurance protects you against damage caused by things other than a vehicle collision such as fire, hail, flood, vandalism or theft. Collision insurance is coverage that applies to your vehicle if it is damaged as a result of colliding with another object—another vehicle, for example, or a tree.

Another step is to check the credit-worthiness of your insurance company through Moody's, Standard & Poor's and AM Best. If your insurance company has a strong financial rating, chances are excellent that it will have the ability to withstand a major catastrophe, such as claims produced by a hurricane, flood, earthquake or wildfires.

Insurance rates are partially based on the type of car you drive. If your vehicle has low safety ratings, a high theft rate or a high incidence of vandalism, you may pay a higher premium.

At Mercury Insurance, our low rates are just the beginning. Talk to a Mercury agent today and ask for a free rate quote.