They say ignorance is bliss, but there are some exceptions. One occurs during the car-buying occasion¡ªa time when emotions run high and thoughts of insurance premiums take a back seat to visions of new-car power and performance. If you are comfortable with a $1,000 deductible on your collision and comprehensive coverages instead of $250 as we used, you might save up to $400 a year depending on where you live (the savings are greater in high density areas such as New York City or Los Angeles). This means that if you are loss free for three or four years, the premium savings for the higher deductible could pay for itself. And, of course, insurance companies do compete for good insureds. It pays to look around before you buy. De-mystifying insurance pricing 8. Chevrolet Trailblazer Indeed, individuals often wonder how insurance companies determine auto insurance rates¡ªwhy.
