The next time you get an auto insurance bill in the mail, pay close attention to the premium you are charged. Has it gone up significantly since the last time you received a bill? If so, you may be able to do something about it. Here’s a look at some of the factors that affect premiums:
1. What kind of car you drive
The next time you’re in the market for a new car, try to resist the urge to purchase a sports car. They are typically more expensive to insure than standard passenger vehicles, particularly since they tend to be bigger targets for thieves. Another way to keep auto insurance rates in check is to purchase a used car rather than a brand new one. On average, new cars cost more to insure than older models.
2. How you drive
The kind of driver you are may also impact the rates you pay for auto insurance. If you have a number of incidents on your record (accidents, tickets, etc.), you’ll likely have a higher than average insurance premium. Safe drivers, on the other hand, can often qualify for discounts thanks to their good driving records. Be sure to ask for a safe driver discount, if you are entitled to one, when requesting auto insurance quotes.
3. Where you park your car
Driving, living and parking in a neighborhood that has a high crime rate, according to police reports, may cause you to have higher premiums. Short of moving, you may be eligible for a discount if you keep the vehicle in a locked garage overnight.
4. The distance you drive
Do you work close to home, or an hour’s drive away? If you have a long commute every day, insurance will likely cost you more since the possibility of an accident increases with every mile you spend on the road. To reduce your risk and premiums, consider using public transportation, bicycling and/or carpooling to work.
If it has been a while since you evaluated these factors, it may be a good idea to make an appointment to speak with your insurance agent. He or she may be able to help you save on your premiums.
Courtesy of ARAcontent
