Auto insurance rates are similar to credit scores in a way; to see improvements, it can take time and effort. If you feel like you are currently paying too much for your auto insurance, you can request quotes from other companies; however, there are several things you can work on too that may help you get a better rate in the future. Here are a couple things you can control that may help you save money on auto insurance.
Your Driving Record
You have complete control over your driving record, and avoiding traffic violations and accidents will help you get lower insurance. When you get a ticket or are involved in an accident, it is reported on your driving record. Minor tickets and offenses tend to come off a report quickly, but major offenses (such as a DUI) may linger for 10 years. In most situations, the accidents and violations reported on your record will come off within two to five years.
If you are currently paying high premiums because of accidents or traffic violations, the best thing you can do is avoid getting more. When these drop off your report, you may find that it is easier to find more affordable auto insurance rates.
The Car You Have
The type of car you have will also affect the rates you pay, and this too is something you can control. Insuring a brand-new car will cost more than insuring an older vehicle, and this is true for two main reasons:
In addition, raising the deductible on your policy could also result in lower rates on auto insurance. If you really want to save money on your car insurance, it might be worthwhile to get rid of the new car and drive an older one for a while. This would be a great step to take while you wait for accidents and violations to drop off your driving record.
Insurance companies base auto insurance rates on a lot of different factors, but the two listed here are some of the most important factors that will affect the rate you pay. If you would like to learn more about auto insurance rates, contact an insurance company like Woodmansee Insurance Inc.
Share4 February 2016
When I got married, I knew that there were a few things that I needed to learn about the way the world worked. For starters, I had to figure out how insurance worked since I wanted to make the most of my life without worrying about money. I started focusing on the policies that I had in place and gradually moved towards acquiring new life insurance and the like. Having each of these coverages helped give both me and my spouse peace of mind. We both knew if something happened to me that the other would be okay. Check out this blog to learn more about insurance needs.