When deciding how much your car insurance premiums will be, your car insurance company will take several factors into consideration. The main contributing factors are set out below…
Your car : You can significantly reduce how much insurance you pay by opting to drive a different make and / or model. It might seem a drastic step, but your current car could be costing you thousands of extra dollars each year unnecessarily. What type of car do you need to change to? Well, for example, one that is less likely to be stolen. A car with inbuilt safety features will save you money in the long run too, as you will be less likely to be in an accident.
Driving offences : A good, clean driving record will see you getting a good discount on your car insurance premiums. This is because you will be considered a low-risk driver; one who is unlikely to cause an accident. You can take steps to repair a bad previous record though, so do not worry if you have changed from your previous bad ways. The more time that has passed between your last offence and the present day, the less bearing your past offences will have. Also, you can take an advanced driving course to show that you are now a better driver.
Your address : Your insurance premiums are affected by how an insurance company rates the city you live in, or even the particular street that you live on. Whether this works out in your favor or not is a bit of a lottery. If you live in a low-crime area, and one where there are few car accidents each year, then your car insurance rates will be reduced accordingly. People living in areas classified as ‘high risk’ by insurance companies may well have to pay twice as much as someone living across the other side of the city.
Your job : Having a job that requires you to do a lot of driving will increase your car insurance premiums. People who are retired, unemployed, or work from home can all be eligible for discounts. Changing your job in order to get cheaper car insurance is not, obviously, advisable, but that does not mean there is nothing that you can. You can ask your company to provide you with a company car, or you can ask them to make a contribution to you car insurance premiums as they are responsible for inflating them.
More : Cherished Car Insurance
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