What Can Increase Your Car Insurance Premiums?

A picture of a car

Car insurance companies are often in competition with other companies to offer the best premiums to customers. Because there are so many insurance groups and options, car owners often shop around and look at other deals when their rates increase. Rates can increase for a variety of reasons, from adding more drivers to a policy or causing an accidents.

Car Accident

If you are found at fault in a car accident, your rates will likely increase.

Additional Drivers

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Adding additional drivers on your policy, especially younger drivers, will increase your rates instantly.

Traffic Tickets

A picture of bumper to bumper traffic.

Despite your age, getting two or more traffic tickets will cause your rates to increase. A driving record that is free from accidents and traffic tickets will help keep the cost of your premium down.

Geography

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When insurance companies determining rates for drivers, one of the most key factors of location. People living in rural or areas with little to no traffic will be charged less than those living in crowded cities or places with more traffic.

Adding Vehicles

A picture of two red cars.

Adding other vehicles on your policy will result in higher premiums. Having more cars on one policy can mean the chance of more accidents and more tickets. And, when adding additional cars, you can find that the faster your car can go, the higher your overall premium will be. Be sure to add only responsible individuals to your policy. Furthermore, sports cars generally cause more to cover. Take into consideration the make and model of another car before adding it on the policy.

References

• Key factors that influence your car premium

Resources

• Progressive insurance quotes
• Ways to lower your insurance quotes
• How to get cheaper car insurance