You discover a car insurance policy at an amazing price and you think that all is going well and then suddenly your car rates go sky high. Whether you actually realize this or not, even the least of changes in your life can affect what you’ll have to pay for your car insurance premiums.
What can you do to remedy the situation? Knowing the factors that increase your car insurance rates and those that can lower them, as well as regular comparison shopping will help you find the most affordable policy available.
Factors That May Affect Car Insurance Rates:
At least once every year, you need to review:
Your driving record – Have you been caught up speeding or in an accident? Even though some insurance companies can give you a beak on your first minor traffic ticket, having several and more serious infractions can cause you to lose the good driver discount.
Your Car – Perhaps you have you acquired a new/better, bigger or faster car recently? Then you can expect to pay more.
Your age and marital status – Insurance rates typically start dropping at around age 25 and will continue dropping until you reach your seventies. If you are married then the insurance companies will probably reward you with a discount.
Your Credit rating – Other than in those states that do not permit credit to be factored in, any changes to your credit rating will affect what you pay.
Your residence and your daily commute – The number of miles you drive to and from work will affect what you pay as car insurance. This means that even a move of a few blocks away will affect the car insurance rates you pay.
Other insurance policies you may hold – You can look at this in two ways—bundling with a homeowner’s, renter’s or life insurance policy can result in a discount.
On the flipside, getting rid of some policies such as health insurance that results in you raising coverage on the car insurance will increase your rates.
You can take steps to lower your car insurance rates such as installing safety features on your car, taking a defensive driving course, and ensuring that your credit report is accurate & up to date.
Shop Around! Compare Car Insurance Rates:
Finding the best premiums on your car insurance does not have to be so time consuming or difficult. CarInsuranceQuotes.com has collaborated with reputable car insurance companies to provide you with free car insurance quotes within a few minutes of your request online.
Once you enter your information, CarInsuranceQuotes.com will match you with various car insurance companies including Allstate, Progressive, and Nationwide. Multiple providers will then reach out to you with estimates for your comparison.
The best thing is that it is on your schedule. You never have to wait on the phone or at an insurance office. You can take as little or as much time as you need to review and compare the quotes until you find the policy that suits your needs the best.
Simply enter your ZIP code and a few details about yourself and in as little as five minutes you will be on the path to getting amazing car insurance rates.