First thing that insurance companies will look at is your claims history. If you have a history of claims, how can you change this? The answer is can’t. This is why it is so important not to file a claim unless it is really worth your while. For example, if you got a scrape that takes a few hundred to fix, why file a claim? If you do you’ll probably end up paying double for the repair when your rates go up. Tickets and accidents go hand in hand with claims. The more claims, tickets and accidents you have, the more of a risk you are to the insurance company. So lesson 1, avoid petty claims and drive safe!
The next thing you’ll want to do, if concerned about rates, is to buy a car that isn’t a risk in itself. High risk cars are either heavy or fast which will cause more damage in the event of an accident. If you have a mid-size to smaller four door vehicle, you’ll see much lower rates compared to high performance and sports utility vehicles.
Buying anything in bulk will in most cases help you save more. If you can buy in bulk you should. Do you own your own home or another vehicle? By combining a home or adding another vehicle to the policy you may see a significant drop in rate compared to a stand alone single auto policy. One last thing you’ll also want to make sure you do is comparison shop. The internet has made this very easy. Comparison shopping service websites will provide you with a single form from where you can request a multiple rate quote.
Make a point not to indefinitely rely on a company for years for having the lowest rate initially. Companies often times will change the way they rate a driver. One company that may have rated you high five years ago, now may have some of the lowest car insurance rates available. Even though it seems like this should be the case, low cost car insurance rates don’t come to those who stay with one company. Continue putting your Insurer to the test. If they have your business, they should be earning it with a fair rate, not just because you’ve been with them for ‘X’ amount of years.