Your Cost Of Auto Insurance Can Be LowerPosted: July 5, 2012
There are many factors that affect the cost of your auto insurance policy. Some are obvious, but some are unknown to many of us. Let’s go through a list of these factors that may help you make some changes to lower your auto insurance premium.
Where you live can affect the cost of your car insurance rates. Insurance companies look at your zip code to determine if there are more accidents than in other areas and the rate of car burglaries. Of course, no one expects you to move to lower your auto insurance rates, but if you are aware that you live in a high crime area or a place where many accidents occur, you may consider moving if you’re renting your place when your lease is up.
Some makes and models have higher premiums because they are stolen more often than other cars. There is also the cost factor involved in replacing and repairing you car. Safety features on cars such as air bags, monitored alarms and anti-lock brakes can lower your rate. When you are in the market for a new or used car, be sure to ask Budget Bi Rite if the type of car you’re considering will increase your auto insurance rates.
Women pay less than men for auto insurance. Your age will be a factor also. If you are younger than 25, you’ll pay more, the more experienced a driver you become after 25, you may pay less (if you have a clean driving record).
Your Driving Record
Even if you have one bad mark on your driving record, your premium can go up. If you’ve been sentenced for a DUI, the same is true. If you get a ticket that adds points to your driving record (speeding, going through a red light, etc.) take the class to remove the points so your auto insurance will not be affected. Drive safely, don’t drink and drive, don’t text and drive and take refresher courses on driving as you age.
Your Credit Report
If you have bad credit, you may pay more for your car insurance because insurance companies believe that you are more likely to file a claim. Try to maintain a good credit score, check your credit report to find any inaccuracies. If you find a problem on your report, fight it. Pay your bills on time and don’t buy what you can’t afford.
Your Driving Habits
The less you drive your car, the lower the cost of your insurance. It just makes sense that you’re less likely to get into an accident if you’re not driving often.
You are probably not aware of all of the discounts that are available on your auto insurance policy. It’s best to leave this to an expert who puts your needs first.
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