Auto insurance is one thing that seems to go up every year, even when you do not use it. However, you can work on keeping your auto insurance rates down by shopping for new insurance. An independent insurance agent can help you find affordable car insurance by looking for a new auto insurance policy. Here are five times you should shop for new auto insurance.
Shop When You Turn Twenty-Five
When you turn twenty-five, you are considered in a lower risk bracket. This means that you insurance rates should drop. This should be a good amount of savings. It is worth doing this on or around your birthday.
Shop When Traffic Violations Drop Off Your Record
Traffic violations cause the amount that you pay for car insurance to go up. However, they do drop off and this gives you a chance to save money on your car insurance since you are considered less of a risk. You can save money by waiting to shop until the tickets have dropped off of your record.You will need to check with your state to find out when the violations drop off since the length of time it will appear on your record is dependent on the state where you got the violation.
Shop When Adding Someone New to the Policy
When you get married, you will need to combine car insurance policies. It is worth shopping around to see which insurance company can offer you the best rate. You should be sure to use all of the discounts available to you and try to combine policies in order to save money on your overall insurance costs. A good independent insurance agent should be able to help you find all of the discounts available to you. You should also shop around when you add any new driver, like a teen driver to your policy.
Shop Every Two or Three Years
Car insurance companies offer the lowest rates to new customers. After a year, your rate will go up and continue to go up even if you do not use the car insurance. In the case of car insurance, customer loyalty can actually cost you money. If your record is clean, it is worth shopping around to see if you can find a lower rate. If you have points or violations, you may not find any savings, but it does not hurt to shop around to see if you can save any money.
Shop When You Get A Higher Credit Score
According to Bankrate.com, your car insurance rate is affected by your credit score. If you clean up your credit report and bring up your credit score, you may qualify for lower car insurance rates. Once you have brought your credit score up, ask a local car insurance agent (such as one from Woodmansee Insurance Inc) to check to see if you qualify for lower car insurance rates.
Insurance is something that I carry in the hopes that it never has to be used. Along with life coverage, I also have low cost auto insurance and a health plan through my employer. I'm toying with the idea of adding some additional coverage, just in case something happens and I'm no longer around to take care of my family. The question that is on my mind is how much insurance is enough? Do I really need more, or would it be better to cultivate other assets that my loved ones can draw on if needed? If you are in the same boat, let's journey together for a while. Read on and I'll explain what I'm trying and why. Together, we can figure out when it is time to add more coverage and when enough really is enough.