There are various factors that affect your car insurance rates, and most of them you can’t do anything about, such as your age, marital status, residence and the car itself. However, you can save a lot of money if you are smart with your driving and your insurance policy.
Making mistakes could prove to be quite expensive for you, so ensure that you are at your best behavior.
Here are a few mistakes that could drive up your car insurance rates:
Not Claiming Discounts
When it comes to car insurance, insurance companies usually offer various types of discounts. This usually includes driving school certificates, anti-theft devices, claim-free history and so on. You as a car owner should ask the broker about various types of discounts that are available and which ones pertain to your situation.
You must aim to max out every discount that is available to you, otherwise you’re paying higher premiums for nothing.
Missing out On Premium Payments
Majority of the car owners choose to pay their premiums through installments rather than a single annual payment.
Paying premiums in installments is generally a better option, as it is easier to pay small monthly installments rather than a lump sum. However, not keeping up with these payments also means that a higher premium has to be paid, as installment charges apply. Car owners usually end up making late payments, or missing them altogether. This could even lead to cancellation of the policy.
The best way to avoid this is to pre-authorize these payments through the bank, so that you don’t miss out on the payments, and drive your premiums up.
Long Commuting Routes
A longer commute means a higher risk of getting into an accident and more wear and tear, which only means higher premiums.
The best way to avoid this is to car pool to work, or give your car a few days rest by commuting through public transport.
Breaking the law
Breaking the law and getting tickets constantly for things like speeding or using your cell phone while driving are some surefire ways to get your car insurance rate increased.
Insurance companies look into your driving records when deciding your rate, and the poorer your driving record is, the higher your insurance premium.
Lending the car
It is a good thing if you help your friends out by lending your car. However, if your friend gets into an accident with your car, this would mean that your premium shoots up immediately. Therefore, use good judgment when lending your car to anyone.
If you are looking for a car insurance broker in Bradenton, FL, then get in touch with us. We promise to provide you with adequate coverage with the best prices possible.