Secrets to Keep Your Car Insurance Rates Low

It can be challenging for most drivers to find cheap auto insurance and to keep their auto insurance premiums from going up over time. There are a few things you can do to keep your car insurance rates affordable. It helps to know what factors auto insurance companies look at to determine your insurance premium. Here are a few secrets that can help you lower your auto insurance rates and keep them low in the future.

1) Statistics show that after an accident or major claim your auto insurance rate can go up 35% or more. You might want to consider paying for damages out of pocket rather than filing an auto insurance claim to keep your premium low.

2) Do some research on your car. Auto insurance companies look at statistics such as accident rate, theft rate, cost of repairs, etc. to determine your car insurance rate. They also look at the safety features your car has. If you are thinking about buying a new vehicle you might want to look at these factors first to help keep your rates low.

3) Avoid letting friends and family drive your car, especially if they are a new or young driver. If someone else gets in to an accident while driving your car, your auto insurance rates will go up.

4) Most auto insurance companies will give you a small discount for paying your entire car insurance premium up front rather than monthly. If you can afford it, this might be a good way for you to save on your auto insurance.

5) If you are going to switch auto insurance providers, make sure you cancel your current policy as soon as you start paying for your new policy. There is no point in paying for two policies when you only need one.