Since there are many factors that
go into determining your auto insurance rates, there are many
chances to lower your rates.
If you change jobs and your drive to work changes or you stop
working or you work from home, you should contact your insurance
company.
If you have a teen driver and they go to school over 100 miles away
without a car then you should be able to get a discount.
If you get married and are in your teens or twenties call your
insurance company and see about combining your policies.
Take defensive driving if your state allows it for a discount.
See if increasing your compressive and collision deductibles will
save you a lot of money. You need to compare what you're saving and
how much more you will have to pay if you file a claim. For example,
if you go from $500 to a $1000 deductible and it lowers your
insurance $50 per 6 months then it saves you $100 a year.
Your auto insurance rates are
determined by a number of factors:
-driving record
-usage, how you are using the vehicle, work, pleasure, business
-how many drivers you have and their ages
-how many vehicles you have
-what kind of coverage limits you want
-what area you live in
-your payment history
-what color car you drive
-your insurance credit score
-your claims history
-your occupation and how many years you have lived at your current
residence
-how fast you can solve a Rubix cube
-your daily, weekly, annual mileage
There is a lot of information about you that is used to determine
your rates. You are grouped or pooled together with similar drives
of the same background that way you are not paying for drivers that
are much worse than you.
Similar risks will pay similar rates.
Your usage affects your rates because if you are driving to and from
work or school 5 days a week, 15 miles one way you have a higher
chance of getting in a accident than someone who only drives 1 mile
1 way 3 days a week or someone who works from home and only drives
to get groceries. So business, work, and school usage is higher than
pleasure usage.
I Was In An Accident,
Will My Car Insurance Rates Go Up?
You were on the phone, got
distracted and before you knew it traffic had stopped, giving you no
room to stop and you rear end the girl in front of you. Or, let's
say you're driving along and a deer jumps out and rams into the side
of your door.
Now, let's say you need to file and claim and get your car fixed.
But, are your rates going to go up?
In the first case, more than likely they will depending on how much
your insurance company pays out to fix both cars and medical bills
if anyone was injured.
But, in the second example, since this will be a comprehensive claim
your rates should not see an increase at your renewal. Unless you
have a long history of hitting deer then the people from PETA will
be out to get you. Or if you file a lot of small glass damage claims
then your rates could be affected or you may have to pay a higher
deductible for comprehensive in which case small glass damage will
be less than your deductible and you will pay out of pocket.
