2+ week, 17+ min ago (394+ words) Very few purchases are considered cheap these days, and car insurance is no exception. Rates can be high depending on where you live, what kind of vehicle you drive, as well as what kind of driver you are. If you have been shopping around to find more affordable car insurance, you might want to ease up on the gas and switch gears to look at your credit score. Consider This: 6 Things You Must Do When Your Savings Reach $50,000 Learn More: I Bought a Hybrid Car " Here's How Much I Save on Gas Every Month That's right " raising your credit score can actually help you get a better car insurance rate. How? GOBankingRates breaks it down. Matt Brannon, a data journalist at Insurify, shared data finding that show that drivers with poor credit pay about 76% more per month for full-coverage car…...

6+ day, 23+ hour ago (929+ words) CheapInsurance.com breaks down the essential steps and considerations for comparing car insurance quotes. Understanding how to evaluate different policies can help drivers make informed decisions, save money, and avoid coverage gaps. This guide is based on regulatory guidance, industry research, and practical data without promoting any specific insurer. Not all auto insurance policies are created equal. Premiums vary due to: Driving record and accident history Vehicle type, age, and repair costs Coverage limits and deductibles According to the National Association of Insurance Commissioners (NAIC), consumers who compare policies regularly are more likely to find cost savings and policies that align with their coverage needs. This proactive approach prevents the costly inertia of auto-renewal, which often leads to premium creep. When comparing quotes, focus on more than the price. Key elements include: Coverage limits: Ensure liability, collision, and comprehensive limits…...

3+ week, 6+ day ago (954+ words) Ah, the monthly car insurance bill. It arrives in the mail or pops up in your email. For many, it's just another necessary expense, one that often feels too high. You've probably considered switching companies, right? Maybe you've even spent a frustrating afternoon comparing car insurance quotes, only to decide the hassle just wasn't worth the potential savings. Insurance companies, at their core, are all about managing risk and rewarding loyalty. By understanding this, you can turn their system to your advantage. Let's dive into the powerful, simple adjustments that could leave more money in your wallet, starting today. This is, hands down, one of the easiest "wins" you can score on your car insurance premium. It's called bundling, and it's essentially a loyalty reward for consolidating your policies. The StrategyTake an inventory of all your insurance needs: Home or…...

1+ week, 1+ day ago (681+ words) Usage-based insurance, often called UBI or telematics insurance, leverages driving data to adjust premiums based on how, when, and how much a vehicle is driven. The National Association of Insurance Commissioners (NAIC) explains that UBI uses devices or smartphone apps to monitor key metrics such as miles driven, time of day, braking behavior, and acceleration. Here are the key elements of how UBI operates. Monitoring Mileage: Driving fewer miles generally equates to a lower risk of filing a claim. Behavior Tracking: Metrics like hard braking, rapid acceleration, late-night driving, and high-speed driving often indicate increased risk and may affect the premium. Data Consent and Technology: Drivers must typically opt in to participate; the specifics of data collection vary by insurer and the technology used. If a driver's patterns have shifted, there may be a chance to benefit from updated usage-based…...

1+ day, 12+ min ago (745+ words) Your credit score can impact your car insurance rate. According to a recent Zebra analysis, people whose credit score is below 580 (poor credit) pay $2,729 annually in car insurance. Those with an 800-plus score (excellent credit) pay closer to $1,308. That's a 48% difference. Check Out: I Bought a Hybrid Car " Here's How Much I Save on Gas Every Month If you don't have credit, or if your score needs work, you still have options. Certain states (including California, Michigan and Massachusetts) either prohibit or heavily restrict the use of credit info in the auto insurance decision-making process. If you need car insurance that doesn't factor in your credit, here are a few options. Available only in Texas, Dillo Insurance doesn't check your credit. You could even get an insurance policy if you have a spotty driving record or have had lapses in…...

1+ week, 4+ day ago (741+ words) Not so fast! Putting the pedal to the metal can feel good in the moment, but it could quickly turn into an expensive speeding ticket. Additionally, some speeding tickets in Ohio add points to your license, which could ramp up your annual auto insurance costs. Getting caught speeding has different consequences and costs in different states. In the Buckeye State, speeding could cause a significant price hike in car insurance for Ohio drivers. Here's how much a speeding ticket can increase your insurance payments in Ohio. Getting a speeding ticket hurts, and it's not just because you have to pay a fine. Just one speeding ticket could cost American drivers an additional $500 or more in annual insurance costs. A recent study from LendingTree, an online lending marketplace, found a speeding ticket for going 11 to 15 mph over the speed limit raises…...

1+ week, 6+ day ago (48+ words) Insurance expert Karl Susman spoke to CBS LA's Kristine Lazar about how you can handle insurance claims due to rain damage to your home. Insurance expert Karl Susman spoke to CBS LA's Kristine Lazar about how you can handle insurance claims due to rain damage to your home....

3+ week, 5+ day ago (860+ words) You drive safely. You haven't filed a claim in years. Yet, when that auto insurance bill arrives, the number seems stubbornly high. Why? Most drivers believe their rate is based solely on their driving record. That's only half the story. Your insurance company is actually running a deep, data-driven analysis that pulls information from five surprising, often hidden factors you'd never expect. These silent influencers, from your credit score to your ZIP code, are quietly pushing your rates up, regardless of how clean your record is. This is your guide to unmasking those forces. CheapInsurance.com is pulling back the curtain to expose the true risk formula. Understanding these invisible influencers is the single most powerful step you can take to challenge your next renewal quote and reclaim control over your policy. Let's dive in and expose the five secret…...

1+ week, 10+ hour ago (1074+ words) Every driver faces the decision of how much protection is enough, and whether it's worth paying for the widest option. CheapInsurance.com analyzes insurance data, risk factors and real-world scenarios to help you understand when paying for "full coverage" may make sense, and when it may be time to scale back your auto protection. If you're evaluating your current vehicle and policy, it's important to assess both your risk exposure and your budget. Before you make changes to your car insurance policy, consider the trade-offs of higher coverage, the cost of the premium, and your financial ability to handle a loss. The term "full coverage" is widely used, however, it's often a misleading term. According to the Insurance Information Institute, there is no universal full-coverage policy; rather, it typically means liability plus both comprehensive and collision coverages.Key components often…...

1+ week, 6+ day ago (64+ words) We're sorting through new findings on the insurance market here in Florida that is revealing that homeowners in the Sunshine State are paying some of the highest insurance premiums in the nation. We're sorting through new findings on the insurance market here in Florida that is revealing that homeowners in the Sunshine State are paying some of the highest insurance premiums in the nation....