Do you open up your car insurance bill every month and wonder why it costs so much? If so, you are not alone. If you find out the true reason behind your costly car insurance, you have a better chance of lowering it. Here are five reasons why your car insurance may be pricey:
1. You Have a Low Credit Score
Unfortunately, a low credit score can have an impact on how much your insurance costs. If you have a poor credit history, your insurance provider may see you as less responsible than someone with a good credit score. Work hard to improve your credit score, so you can have less expensive auto insurance.
2. You Have Made Too Claims
Car insurance is meant to protect against large losses. If you file a claim for every little thing, your insurance company may see you as a bigger risk and raise your premiums. If your vehicle only suffered a small dent from an accident, for example, you may be better off paying for the damage out of pocket or leaving it be if it is purely a cosmetic issue.
3. You Have Too Many Speeding Tickets
If you received a few speeding tickets lately, you should expect your car insurance to go up. An insurance company might view you as an irresponsible driver and increase your premiums to reduce their risk. However, if you take a defensive driving course, you may be able to shave points off your driving record and lower your premiums over time.
4. You Drive A Lot of Miles
If you drive more miles than the average person, your insurance company will likely charge you higher premiums; this is because driving frequently can increase your chances of getting into an accident. To reduce your insurance rates, try taking public transportation or carpooling from time to time. You can talk with an insurance agent, like Colling Insurance Services, Inc, to see what constitutes high mileage for your policy.
5. You Drive a Sports Car
A fancy sports car might impress your friends, but it can make your car insurance premiums go through the roof. Your insurance company will charge you higher premiums because a sports car is more likely to get stolen than a more practical vehicle. However, if you install a car alarm or other anti-theft features, your insurance company may give you a discount.
As you can see, there are many reasons for pricey car insurance. Whether your high premiums are due to too many speeding tickets or a low credit score, you can reduce the price with some effort. However, if your car insurance still isn’t affordable enough, ask your insurance agent for advice.
1. You Have a Low Credit Score
Unfortunately, a low credit score can have an impact on how much your insurance costs. If you have a poor credit history, your insurance provider may see you as less responsible than someone with a good credit score. Work hard to improve your credit score, so you can have less expensive auto insurance.
2. You Have Made Too Claims
Car insurance is meant to protect against large losses. If you file a claim for every little thing, your insurance company may see you as a bigger risk and raise your premiums. If your vehicle only suffered a small dent from an accident, for example, you may be better off paying for the damage out of pocket or leaving it be if it is purely a cosmetic issue.
3. You Have Too Many Speeding Tickets
If you received a few speeding tickets lately, you should expect your car insurance to go up. An insurance company might view you as an irresponsible driver and increase your premiums to reduce their risk. However, if you take a defensive driving course, you may be able to shave points off your driving record and lower your premiums over time.
4. You Drive A Lot of Miles
If you drive more miles than the average person, your insurance company will likely charge you higher premiums; this is because driving frequently can increase your chances of getting into an accident. To reduce your insurance rates, try taking public transportation or carpooling from time to time. You can talk with an insurance agent, like Colling Insurance Services, Inc, to see what constitutes high mileage for your policy.
5. You Drive a Sports Car
A fancy sports car might impress your friends, but it can make your car insurance premiums go through the roof. Your insurance company will charge you higher premiums because a sports car is more likely to get stolen than a more practical vehicle. However, if you install a car alarm or other anti-theft features, your insurance company may give you a discount.
As you can see, there are many reasons for pricey car insurance. Whether your high premiums are due to too many speeding tickets or a low credit score, you can reduce the price with some effort. However, if your car insurance still isn’t affordable enough, ask your insurance agent for advice.
No comments:
Post a Comment