are car insurance rates going up

 "Are car insurance rates going up?" This is a question many of us have asked at some point in our lives. As we age, our risk of making an auto accident goes up as well as the amount of money we actually drive. If we recently purchased a new or used vehicle, our rates may also increase. There are many things you can do to lower your costs and keep more of your hard earned money in our pockets.

 

We have all heard of discount insurance companies. Did you know, though, that many major insurance companies now offer discounts to drivers who qualify for certain discounts? These can include: age, marital status, driving history, and so on. Sometimes there are discounts based on the type of vehicle we drive or the coverage we require. So, if we recently added a new driver to our policy, we may be able to save some money. If we no longer drive, we may qualify for a better rate.

 

Sometimes companies try to increase their rates in an effort to attract new business. The goal is to always have new customers, which helps the bottom line. So, if you already have a policy with a company, talk them into giving you a good referral. The insurance industry is very competitive and referrals to one company may mean a referral to another.

 

Another question that we frequently hear is, "Why should I pay for insurance when I can get it for free?" That's a very good question and one that has a simple solution. Insurance companies give away policies for a reason. They have a number of different reasons for doing this. Many people believe that they have no need for insurance because they've never had an accident or ever been in an accident.

 

However, accidents happen all the time and that's why car insurance exists. Companies don't want to take the chance on someone who might not have coverage should an accident occur. A person who has a clean driving record will probably qualify for a cheaper policy than someone who has multiple moving violations or a high percentage of traffic tickets. If you have a car that meets minimum state requirements, you can usually save quite a bit of money by getting a policy from a company with a lower premium. Sometimes, it's possible to save a few hundred dollars a year just by changing to a company that offers car insurance.

 

"Why should I pay for insurance when there are free ways to get it?" There are a few different reasons to consider trying to avoid paying for insurance. You may find that simply taking a defensive driving course can save you hundreds of dollars per year. You may also qualify for discounts that may apply to your situation. If you have safety devices installed in your vehicle, you may be able to qualify for a discount that is off the charts.

 

"Will my insurance rates ever go down again?"  For instance, a company could decide to offer a discount if you agree to pay your premiums annually. If a company has a high volume of policyholders, it's more likely that they'll be able to get discounts for having a large customer base.

 

Hopefully, this article has given you some insights into how you can make car insurance more affordable. As with anything else, though, always remember that it's important to comparison shop when it comes to saving money. By shopping around, you can almost certainly get a better deal than you would by purchasing insurance from a company with a long track record of solid service. It is, after all, your financial responsibility to provide for yourself and others. Make sure that you are only making the most efficient use of your money by comparing multiple insurance quotes from different companies.