Many people face rising auto insurance premiums each year without knowing how to stop the increases. There are a number of factors that can adversely impact the premiums that are paid for auto insurance. Knowing these factors and managing them can make a big difference when it comes time for your policy renewal.
The make and model of your car has a big impact on your premiums. In many cases, more expensive cars are more expensive to insure. This is because replacement parts and labor are more expensive. Safer cars, even if they are larger, can reduce premiums, because drivers and passengers have a lower likelihood of dying or becoming seriously injured in these cars.
Personal driving history has a dramatic effect on ones premiums. Accidents can and often do increase your premiums, and too many accidents can result in non-renewal of a policy. Traffic tickets not only cost you … Read More