6 reasons car insurance is expensive

Okay, you’re fed up with your car insurance bill. Why does it have to be so terribly expensive? It’s not fair – you need car insurance to drive, so you don’t have a choice but to spend a small fortune on it. Well, your astronomical bill could be a result of several things.

6 reasons your car insurance is expensive.

1. Your driving record stinks.

Insurance companies pay attention to your driving record. They’d rather see a squeaky clean record because that means you’re less likely to smash into something and then ask them for money.

2. You’re young.

If you’re a whippersnapper, you’re probably going to get higher car insurance rates. Young drivers have the high crash rates. However, your rates could get better when you hit a certain age. Hang in there.

3. You live in a city.

Cities have more traffic and higher crime rates than other places, so car insurance rates can be pricey.

4. Your credit could use some work.

An icky credit score can also lead to higher car insurance rates. Drivers with better credit scores are seen as being less likely to file a claim.

5. You set a low deductible.

Your deductible can affect your rates. The higher your deductible, the less likely you are to file a claim (because you’d be shelling over more money.) And that means you could get a lower premium. So, if you have enough emergency money stashed away, you can consider raising your deductible to see better rates.

6. You drive a fancy, expensive car.

If you have a super fancy car (or a not-very-safe car) you could see higher rates. The year, make, and model of your car can affect your car insurance premium. So, if you’re a speed demon and drive a fast sports car…you get where we’re going.

Don’t settle for expensive car insurance.

Fortunately, we can help with your car insurance situation. Get great car insurance at a great rate by filling out our online form, giving us a call, or messaging us on LiveChat.