Sage-Tips

What factors can decrease your insurance rates?

Some factors that may affect your auto insurance premiums are your car, your driving habits, demographic factors and the coverages, limits and deductibles you choose. These factors may include things such as your age, anti-theft features in your car and your driving record.

What are three factors that lower insurance premiums?

Your gender, age, marital status, geographical location, and credit score all affect your insurance rates in different ways.

• Gender and Age.
• Marital Status.
• Where You Live.
• Credit Score.
• Profession.
• Safety Rating.
• Vehicle Size.
• Age of the Car.

How can I save more on my car insurance?

IN THIS ARTICLE

1. Shop around for your car insurance.
2. Compare insurance costs before you buy a car.
3. Raise your deductible.
4. Reduce optional insurance on your older car.
5. Bundle your insurance and/or stick with the same company.
6. Maintain a good credit history.
7. Take advantage of low mileage discounts.
8. Ask about group insurance.

When should I lower my car insurance?

Take the 10 Percent Test. Kelley Blue Book says if your annual cost for comprehensive and collision insurance exceeds 10 percent of the value of your car, you should consider dropping the coverage.

How can you lower your premium list 5?

8 Ways To Lower Your Auto Insurance Premium

1. Drive safely (and slowly)
2. Buy an “insurance-friendly” car.
3. Take a defensive driving course.
4. Take advantage of behavior-based discounts.
5. Yes, it can pay to shop around.
6. Move closer to work.
7. Improve your credit.
8. Increase your deductible.

How can I save the most on insurance?

How to Save the Most Money Possible on Insurance

1. Shop with multiple insurers every year or two.
2. Set a higher deductible.
3. Don’t go cut-rate on coverage.
4. Pay your premiums a year at a time.
5. Check all the discount boxes.
6. Choose one insurance company for all your needs.
7. Drive an older vehicle.
8. Improve your credit score.

What causes insurance premiums to increase?

Auto accidents and traffic violations are common explanations for an insurance rate increasing, but there are other reasons why car insurance premiums go up including an address change, new vehicle, and claims in your zip code.