Jim Horne Insurance Agency, Inc. Blog
Your car insurance rate should reflect how risky you are to insure. Speedy drivers should pay more, right? But that isn’t necessarily true. There are factors that affect car insurance rates that don’t have anything to do with your driving habits. Here are five factors that can affect your premiums.
Some insurance companies consider occupations when insuring a car. For them, certain occupations are more likely to file claims. Others in certain industries might get discounts, such as government employees, teachers, or emergency workers.
There are some insurers that give discounts to homeowners on their auto insurance whether or not you buy a home policy from them. However, you may be eligible for even more savings and discounts if you bundle both of your policies with the same company.
Insurance actuarial data suggests that marital status correlates to risk. Married couples typically have fewer claims, and therefore pay less in car insurance than single individuals. But keep in mind that while being married can get you several discounts, your company may also remove them if you split your household or if a spouse dies.
Drivers that received more education pay lesser car insurance. Some insurers charge drivers without a degree 20% higher in car insurance than someone who graduated with a bachelor’s degree.
Your grades also matter to some insurers. Those with good grades are offered lower car insurance rates. Most insurers offer insurance discounts to drivers who meet one of the following criteria:
When it comes to insurance, it would be best if you shop around. Choose policies that would best serve your needs without compromising coverage. Shop around even during your renewal period.
Jim Horne Insurance Agency is an independent insurance agency that offers a wide range of insurance products to the residents of Alabama. We offer auto insurance policies that could give you just the right coverage that you need at a competitive price. Get a quote from us now and talk to one of us. Call us at (334) 244-0600 or visit us at our office today!