What is an effective way to lower your premium?
- Shop around. …
- Before you buy a car, compare insurance costs. …
- Ask for higher deductibles. …
- Reduce coverage on older cars. …
- Buy your homeowners and auto coverage from the same insurer. …
- Maintain a good credit record. …
- Take advantage of low mileage discounts.
How can you lower the costs of insurance?
- Shop around. …
- Before you buy a car, compare insurance costs. …
- Ask for higher deductibles. …
- Reduce coverage on older cars. …
- Buy your homeowners and auto coverage from the same insurer. …
- Maintain a good credit record. …
- Take advantage of low mileage discounts.
What factors could increase or decrease the cost of the insurance for the consumer?
- Age – This one of the critical factors that affect the premium amount. …
- Past Medical History – …
- Occupation – …
- Policy Duration – …
- Body Mass Index (BMI): …
- Smoking Habits – …
- Geographical location: …
- The Type of Plan You Choose:
What factors affect the cost of your insurance?
Some factors that may affect your auto insurance premiums are your car, your driving habits, demographic factors and the coverages, limits and deductibles you choose. These factors may include things such as your age, anti-theft features in your car and your driving record.