We all know that car insurance can be incredibly expensive. However, with so many different car insurance providers available today, and so many policies to choose from, there are ways that you can lower this expense. On the flip side, there are also things that you can do that will cause your insurance premiums to become more expensive. The last thing you want to do is make such an error, so let’s take a look at the different things that can spike your car insurance.
Having a brush with the law - There is only one place to begin, and this is with having a brush with the law. You probably already know that this can cause your premiums to go up, but as it is such an important point, it needs to be mentioned. Any tickets or car accidents can cause your insurance provider to view you as a greater risk and increase the price of your policy.
Poor car security - Your insurance premiums are not only dictated by how likely you are to be involved in a car crash. If you do not park your car in a secure area or you do not have any security features on your vehicle, this could cause your premiums to increase. In fact, the place in which you live can even impact how much you need to pay.
Switching to a pay monthly plan - Most people do pay for their car insurance on a monthly basis. Nevertheless, if you currently pay per year, switching to a monthly plan will increase your premiums, so you do need to keep this in mind.
Getting your car insurance at the last minute - Getting your car insurance at the last moment can cause you to have to accept an offer that is not suitable or pay for emergency coverage while you switch policies. Could getting your car insurance in advance save you money? Definitely. It gives you more time to search for a policy and it means you can avoid the fees that are associated with leaving your existing plan.
Buying a new car - Last but not least, if you buy a new car, this can also cause your premiums to increase. If your car is worth more than your older model, this will almost certainly mean that you need to pay more to your insurance company. If you are yet to purchase your new vehicle, you can look into the cars that have the lowest insurance fees for more information.
So there you have it: some of the different things that can cause your insurance premiums on your car to spike. If you can avoid these errors, you can give yourself a great shot at keeping your insurance premiums low and, indeed, reducing them on a year-by-year basis.