We all know that there are lots of different reasons why your car insurance rates are going to be high. But, the factors that are most likely to affect your car insurance can be divided into three categories – the factors inside your control, factors that you can’t change (like your driving record) and things outside your control (like your age and whether you’re male or female).
The biggest factor here is your driving record. There is no point in buying cheap car insurance if your driving record has been affected by a few speeding tickets or if you’ve had a couple of accidents in the past year.
1. Your age
The age of the driver matters a lot. Young people are considered to be more at-risk for auto accidents. There are four main causes of accidents for young drivers:
- Distracted Driving
- Risky Driving Behaviors
- Poor Road Conditions
The age of the driver is one of the main causes of car accidents. You could be driving a high-end car but still be involved in an accident. This is because a young person tends to be more reckless on the road. They may drive faster and recklessly in order to get to their destination.
2. Your marital status
According to statistics, married people have fewer car accidents than those who are unmarried. If your spouse is driving, you can be sure that your risk of being involved in an accident is lower. You will have someone in the passenger seat with you.
He or she can help you slow down and drive in a safe manner. Additionally, if you are married, you have a financial incentive. You and your spouse can share the costs of your car. You will also have the added security of knowing that your car will be properly maintained.
3. You have a poor driving record
If your driving record has been poor, it may have been a source of embarrassment for you. Perhaps you’ve been in accidents or committed traffic offenses. If this is the case, you need to do something about it. A poor driving record can make your insurance rates skyrocket.
This means that the insurance company may decide to consider you a high-risk driver. High-risk drivers are generally those whose accident or violation history is higher. This can mean that they’re likely to be involved in more serious accidents or violations than the average driver.
4. Low deductibles
When you buy a car insurance policy, you typically select the lowest deductibles you can. However, you may not know that you have to pay your premium up front. This means that the insurance company won’t actually cover your car until the deductible is met.
If you don’t want to be stuck with a huge bill, you should think about getting a higher deductible. In other words, pay a little bit more upfront for less. You’ll find that your insurance premiums will be lower as long as you keep your claims and accident history below the average.
5. You haven’t bundled your policies
Most insurance companies allow you to choose different insurance providers for different aspects of your life. When you bundle your policies, you’re able to save money. You can save money if your insurance needs change, but the insurance company won’t pay out on a policy unless the terms are met.
To take advantage of the savings offered by bundling your policies, you’ll have to do more than just pick up and drop off your insurance coverage. You’ll need to understand how to combine all of your insurance needs into one package. This can seem complicated, but once you learn how it works, it becomes easier to manage.
6. Getting divorced
You have just had a divorce. Your insurance premiums will be lowered and you are eligible to receive more money. This is because getting a divorce means that you’ve been a married person for a while. Most companies consider it a sign that you are responsible and trustworthy. These days, almost everyone gets divorced. So, the chances are that your rates will be lower.
Want to lower your car insurance?
If you drive a nice car, you may want to get a discount from your auto insurance provider. This may be possible. There are several ways to cut back on your monthly car insurance. You may consider improving your credit score by paying bills on time.
This can help you to get lower rates. You should avoid bad driving habits, which could also lower your car insurance rate. By maintaining a good driving record, you can save money on your monthly insurance payments. Your insurer may provide you with a quote online or over the phone. If you don’t know which company to choose, you should shop around. Ask your family members, friends and neighbors about their insurance quotes.