11 Things Car Insurance Companies Don’t Want You to Know
It’s no secret that car insurance companies are out to make a profit. But there are certain things they don’t want you to know that could save you money. Here are 11 of them.
1. Your car insurance may not be tied to the driver.
Many car insurance companies offer discounts for multiple drivers on the same policy. This means that you may be able to get a lower rate if you add a second driver to your policy.
2. The type of car you drive matters.
The type of car you drive can have a big impact on your car insurance rates. Generally, cars that are more expensive to repair or replace will cost more to insure.
3. Prior claims and questions raise rates.
If you have had prior claims or questions on your car insurance policy, it could result in higher rates. Be sure to ask your insurance company about any potential discounts that may be available.
4. You can check your report for errors.
It’s important to periodically check your car insurance report for errors. If you find any, you should contact your insurance company and have them corrected.
5. Your credit score impacts your car insurance costs.
Your credit score can have a big impact on your car insurance rates. Generally, people with higher credit scores will pay less for car insurance.
6. Where you live impacts your premium account.
Where you live can also have an impact on your car insurance rates. Generally, people who live in rural areas will pay less for car insurance than those who live in urban areas.
7. You may be eligible for discounts.
Many car insurance companies offer discounts for certain drivers. For example, some companies offer discounts for drivers who have taken a defensive driving course or who have a good driving record.
8. Your age matters.
Your age can also have an impact on your car insurance rates. Generally, younger drivers will pay more for car insurance than older drivers.
9. Your marital status matters.
Your marital status can also have an impact on your car insurance rates. Generally, married couples will pay less for car insurance than single people.
10. You may be able to save money by bundling policies.
Many car insurance companies offer discounts for bundling policies. This means that you may be able to save money by combining your car insurance with other types of insurance, such as homeowners or renters insurance.
11. You may be able to save money by shopping around.
It’s important to shop around for car insurance. Different companies may offer different rates, so it’s important to compare quotes from multiple companies.
These are just a few of the things that car insurance companies don’t want you to know. By taking the time to learn about these things, you may be able to save money on your car insurance.