T.A. Swain Insurance Group, LLC

If you want the insurance companies clamoring to offer you the lowest insurance rates, then here is what you will have to offer them in return:

These first two are the most important -

1. Excellent Credit - It is imperative that you maintain as near perfect credit as you feasibly can. I've written before about the use of Credit Based Insurance Scores. Credit is a heavy weight factor in the insurance industry. They believe the "strong correlation" between an individual's credit and claims warrants rewarding those with excellent credit with lower insurance premiums.

2. Clean MVR/No Claims - Make sure that all household drivers have a perfect Motor Vehicle Report (MVR). There can be no speeding violations, lane violations, seat belt infractions, et al, for anyone driving in the household. For both Auto & Home, you'll be offered better rates if for at least the past five years you've never filed a claim.

3. Newer Home/Suburb* - The insurance industry prefers newer suburban homes. Why? Because they're new. They've been built under the most recent building codes with material meant to lesson potential claims. New homes lack history with wear and tear. New homes are usually located in suburban areas, just outside of the city with all the amenities.

4. Drive Newer Cars/Carry High Liability Limits - If you're shopping insurance and you have near perfect credit, Clean Driving, No Claims, and you live in a newer suburban home/area it will behoove you to take advantage of the cheap rates offered for carrying high limits of Liability on your newer vehicles. That's because there are discounts for both newer vehicles and high limits of Liability built into the rating for those coming to market with aforementioned list of qualities. 

5. Be between the ages of 30-60 - This is the era of life in which, so long as you live within the previous 4 parameters, you have the greatest chance to take advantage of cheap insurance rates. 

*The best way to understand this is to juxtapose a newer suburban home to a home in other areas like urban/metropolitan and rural. There are multiple factors that go into the rating processing when it comes to homes, but where the water's at is a big one. Rural areas usually are further from a hydrant or water source for the local fire department to access should the rural home become ablaze. Urban and Suburban areas usually have a fire hydrant within 1,000 ft. What differentiates the Urban from Suburban is usually the age of the home. Older homes, with history and archaic building materials, pose a greater risk of loss compared to a newer suburban home.

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