Insurance Center

To a car insurance company, you are a collection of risks. Your sex, your age, your marital status, driving record, type of car and place of residence all contribute to an insurer's prediction of whether you'll file a claim.

A car insurance company can't know, for certain, what kind of driver you are. They can only guess, based on the accumulated statistics for drivers like you. Even if you're a great driver, if you happen to be young, single, male and own a sports car, the insurer is probably going to place you in a category with a high premium - or it may reject you entirely.

The good news is that not all car insurance companies price risks identically. While insurers are highly regulated in many states, they still operate as competitive businesses, focusing on certain car insurance markets and avoiding others. What's more, some operate their businesses more efficiently than others, passing on the savings to consumers.

That means you may be able to save hundreds of dollars a year on car insurance by shopping regularly, even if your insurer rewards long-time customers. A great quote from a new carrier may trump the loyalty card.