There are many ways to get your deductibles lower, but there are a few things that many people just do not consider when they are both shopping for a car, and then when they begin to look for insurance.
There are quite a number of other ways that you can save more money on your auto insurance and be able to maintain a much better rate as time passes, and knowing these will help you to make a better choice in the long run.
The first thing to understand may seem like something that has nothing to do with insurance- but it does.
If you have poor credit, you may get a higher rate.
All of the five major insurance companies will check your credit report when you apply for insurance.
The reason for this is that there have been some studies out there that have shown a parallel with those with bad credit and those who file claims.
This also is an indicator of who will pay their bills on time and sometimes, though there may be reasons for it- those who fall behind on accounts and are consistently late come across as high risk to insurers.
Taking this into account, insurers tally what is usually known as your insurance risk score- which is very similar to your credit score itself.
Unlike your credit score, though, you won't be able to view this, but cleaning up your credit history a little bit, or waiting until you have not had quite so much activity to buy auto insurance may be in your best benefit.
Another area to consider well is your own driving record.
Everyone knows that this impacts your insurance premiums, but few people know exactly how.
After your first at fault accident, most insurance companies will raise your premium by about forty percent of what you normally pay.
There really is not much way around this, however, if your insurer has a "forgiveness policy" you may be able to take advantage of that.
This does actually sometimes only relate to the first accident, so you may want to check with your company on what their specific policies are in this.
If you are going to cancel your insurance policy- be sure that you cancel it.
Many people do not realize that you need to do this officially, rather than not renewing when your coverage expires.
When you do this, it all goes back around to the first section and if you refuse to pay the premiums that you incurred while not renewing, and have not contacted them in writing- it will go on your credit as a negative mark.
This is an easy one to make sure you don't lose money on, simply make sure that you cancel the policy in writing.
Getting a decent deal on your auto insurance is not as difficult as it may seem at times.
Simply paying attention to a few elements of what goes into those premiums can in fact, really cut your costs dramatically in some cases.