Are you currently paying a large premium for car insurance because of your driving history? Speeding tickets, accidents, and various moving violations can cause you to be considered a high-risk driver. Insurance companies will insure you, but at a premium price due to the risk involved. You do not need to pay high premiums forever since there are things you could do to get them back to normal.
Get Several Quotes
There are no regulations over auto insurance, and each company can charge whatever price they want for a policy. While your previous moving violations may cause you to be considered a bad driver by one insurance company, another may view you more favorably.
Don't be afraid to get a few quotes from different insurance companies and see who will offer you a better rate. Chances are there will be some variations in price for insurance, even if they are not the lowest possible rates you can get.
Increase Your Insurance Deductible
If you want to save money on your car insurance, it makes sense that you need to take on more risks as a driver by increasing your policy deductible. The deductible is how much you pay before insurance will start paying for costs related to an accident. The more you pay when making a claim, the lower your premiums are.
A high deductible is essentially a risk that you take. If you're a safe driver, you may be more comfortable having a high deductible. Someone with a history of accidents may choose to keep the lower deductible because it will be less out of their pocket in case they get into an accident.
Take Defensive Driving Classes
Your recent tickets may have been a case of having bad luck. Thankfully, your insurance may allow you to reduce your premiums by taking classes about defensive driving. Not only will it make you a better driver, but your insurance provider rewards you with lower premiums because they feel the same way.
Monitor Your Driving History
Don't be afraid to call up your insurance company and ask them about what previous tickets or accidents are affecting your insurance premiums. They should disappear from your record after a few years, but you may be shocked to find that your insurance provider is taking some incidents into consideration that it shouldn't. Ask an agent about your driving history and try to make corrections as needed.
Contact a company like McHugh Insurance for more information and assistance.
Share30 September 2017
Like many new homeowners, when my husband and I purchased our first home, we were on a tight budget. We knew we needed a good home insurance policy, but we had a difficult time finding one that provided the coverage we needed in our flood prone area of the country at a price we could afford. We spoke to many insurance agents and finally found one that covered everything we needed at a reasonable price. We learned a lot about home insurance along the way, and we are eager to share what we have learned with other new homeowners who need the advice! We plan to post new home insurance tips and news often, so come back soon!