There are a lot of factors that determine the price of car insurance and over many of them, you have a certain degree of control. Many drivers are not aware of some common mistakes that increase their car insurance costs.
1 Traffic Incidents
Logic would dictate that if you were involved in a traffic incident and you were not at fault, your insurance rate would not go up. That is not true. Even if you are not at fault, your car insurance can go up. There are a lot of drivers that are very defensive on their rights and if for example, someone would cut them off, they would not break because they were wronged. Insurance companies appreciate defensive driving more than anything.
2 Type of Car You Drive
The value of the car determines the insurance rate. At the same time, even if a car is not that expensive but it has a powerful engine, the insurance will be more expensive. If you want to save money on insurance, you should start by saving money on your car. Get something modest, easy to maintain and that does not have a huge engine.
3 Number of Drivers
You can save a lot of money if you are the only registered driver of your vehicle. If you register more drivers, your insurance rate will go up. In some cases, the rate would be lower for two cars each with its driver than with one car and two drivers.
4. Comprehensive Claims
Any kind of damage, theft, or vandalism is considered a comprehensive claim. If you find a small scratch on your car or get a small dent, it might be better if you fix it yourself rather than to make a claim. Car insurance companies will increase your rate if you make such claims and the more you make, the worst it gets.
