We all want to know what we can do to lower our auto insurance rates. However, what many of us fail to realize is that we may be doing a lot to jeopardize our chances of good rates!
Good auto insurance rates are earned, and there are many ways in which we can achieve competitive auto insurance rates. However, at the same time, there are many mistakes we can make that are sure to send our rates through the roof:
- Be responsible for a car accident - If you are at fault in a car accident, expect your auto insurance rates to increase. Your history with your auto insurance company, as well as the insurer’s policies, will likely dictate exactly how much you can expect your auto insurance rates to increase.
- Modify your vehicle - If you like to modify your vehicle with “souped up” parts and accessories, your auto insurance company may end up raising your auto insurance rates. Often times, these types of modified cars are considered to be a higher risk for auto insurance companies because they assume that drivers who own these types of cars are more likely to drive recklessly.
- Get convicted of a DUI - Expect your auto insurance rates to go through the roof if you get convicted of a DUI. In addition, many auto insurance companies will cancel your policy; particularly if it isn’t your first offense.
- Marry someone with a reckless driving past - Although you may have a clean record when it comes to driving, if your spouse can’t say the same then you will likely be hit with high insurance rates. If you add a driver to your policy who has a record of reckless driving your policy price will then be determined based on the other driver.
- Purchase a sports car - Many types of vehicles that are deemed to be sports cars will come with higher auto insurance premiums. Other types of vehicles may also come with higher insurance premiums for different reasons. For example, some types of cars are stolen more often, while SUVs may come with higher premiums because of their risk of tipping over.
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