How to save money on car insurance with Microsoft Edge

Shopping for car insurance can be a challenging task. A number of factors can affect how much an individual will pay, and prices can vary between carriers. Shoppers may find it hard to understand what impacts their quote, and how they can lower it. Luckily, Microsoft Edge is here to help.

Learn about three categories of car insurance

Liability, collision, and comprehensive insurance are three essential types of auto insurance coverage, each serving a unique purpose.

1. Liability insurance covers the costs of damage or injury you cause to others in an accident, including their medical expenses and property repairs. It does not cover your own vehicle or injuries.
2. Collision insurance pays for repairs to your car if you’re involved in an accident, regardless of who is at fault. This includes collisions with other vehicles, objects, or single-car accidents like rollovers.
3. Comprehensive insurance covers damage to your vehicle from non-collision events, such as theft, vandalism, natural disasters, and hitting an animal. While liability insurance is typically required by law, collision and comprehensive coverages are optional but highly recommended for more extensive protection.

What factors can affect your car insurance quote?

The cost of car insurance can vary widely based on several factors, including your age, driving history, location, and the type of coverage you need. Here are some factors that can affect how much you pay for car insurance:

• Age: Younger drivers, especially those under 25, typically pay higher premiums due to their statistical higher risk of accidents.
• Driving history: A clean driving record can help lower your rates, while tickets, accidents, or driving arrests can increase them.
• Location: Insurance costs can vary significantly by state and even by city, depending on local regulations and accident rates.
• Vehicle type: The make, model, and age of your car can affect your insurance rates. Generally, newer and more expensive cars cost more to insure.
• Coverage level: Full coverage (which includes liability, collision, and comprehensive insurance) costs more than liability-only coverage.