While there are factors that allow you to increase your car insurance premiums by choosing your deductible or adding additional coverage – there are also factors that, to some extent, are out of your control.
Let’s explore six factors that may be affecting the cost of your insurance.
Does you car have low safety ratings? Is it on record that this specific model is often stolen? These factors are likely to increase your premiums. On the flip side, cars with higher safety ratings and low theft reporting have the potential for lower rates.
If you use your car for business and/or long-distance commuting, you are likely to pay more than those who drive less. Regardless of your carefulness behind the wheel, the more miles you drive in a year, the higher the chances of an accident.
Due to higher rates of theft, accidents, and vandalism, urban drivers may pay more for car insurance than drivers living in small towns or rural areas.
It is important to be a careful, and if at all possible, an accident-free driver. Drivers who cause accidents generally pay more than those who are accident-free.
An accident will not hurt your premiums forever. As time passes without accidents, premiums will begin to decrease.
When applicable, insurance companies will use credit history to help determine the cost of car insurance. Therefore, it is important to maintain good credit, as there is a potential for it to have a positive impact on the cost of your car insurance.
Ask your agent about any possible discounts regarding your car insurance. For instance, most car insurers offer discounts to student drivers who maintain good grades. In some states, young drivers also have the option to take driver safety courses to lower premiums.
Single men, and men under the age of 25, have higher accident rates which is reflected in higher insurance prices.
Make sure that you are covered by calling SourceOne Insurance , today! We will analyze your needs and help you choose the best plan for your lifestyle. Find out more by visiting our website , or giving us a call at (260)436-3544.
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