Once you get car insurance you don’t give much thought to making changes unless maybe you get a new car. But as humans, we are constantly making changes to our lives. Some changes are voluntary like when you decide to move someplace else, other changes can’t be helped, like when we get older. Either of those changes can influence what car insurance costs. And there are more changes that can also have an effect.
What about changing your job? Most people don’t give much thought to the price of their car insurance when deciding on a job. For car insurance it’s the number of miles you drive to and from work that matters. If your daily commute is less than 5 miles, you may qualify for a low mileage discount.
Moving to a different area can have a big impact on what you pay for car insurance. If you move from the suburbs to the big city you will pay more for car insurance. Insurance companies keep detailed statistics on accidents, thefts, and insurance claims for every city and will either reward or penalize you based on these factors.
Making sure you pay your bills on time is not only good for your credit, but in some cases can also save you money on car insurance. Some insurance companies will discount your premiums by up to 50 percent if you have an excellent credit score. But there are also insurance companies that don’t factor your credit score. You’ll have to check with an agent for this one.
If you’ve put your time in on the workforce and are now retired, you can get lower car insurance rates. Another benefit of retirement. The insurance company will give you a discount based on the fact that you won’t be commuting any more and therefore at less risk of having an accident.
Check with your agent for more information on these and more factors that can cause you to pay more, or less on your car insurance.