Get Cheap Car Insurance
If you’re looking for cheap car insurance, you should know that insurers consider many different variables to determine how much you should pay for coverage. If an insurance company considers you to be a higher risk of loss for them, your premiums may be a lot higher when compared to other drivers in your state. Here are a few things that can have a very negative impact on your car insurance rates:
Being Responsible for an Accident
Any past car insurance claims will likely complicate your search for cheap Car Insurance by Youi. If you were ever involved in an accident in which the other driver was shown to be responsible, your own rates shouldn’t be affected. At-fault accidents are another story. Just how much your premium will rise depends on the state you live in and the specific insurer.
Drivers can expect an increase of up to $300 per year for a single at-fault accident involving property damage of less than $2,000. Causing property damage of over $2,000 could result in an increase of up to $600 per year. At-fault accidents resulting in human injury can add up to $800 to your yearly insurance costs. Finding cheap car insurance can get even harder if you were the responsible party for two or more accidents in a year. This can make your rates rise by $1,000 to $2,000 per year.
Having Speeding Tickets on Your Driving Record
Research done by insurance industry specialists shows that it’s still possible to find a cheap car insurance quote if you have one or two speeding tickets on your driving record. Some insurers don’t seem to penalize drivers as much as others.
On average, a speeding ticket for going 15 mph over the limit can result in a rate increase of $125 per year. However, drivers with over three excessive speed violations may get quoted rates higher by $1,000 or more when compared to a similar driver with a perfectly clean record.
Being Convicted of a DUI
Few things will ruin your chances of finding cheap car insurance more than a DUI conviction. Insurance companies consider that drivers convicted of DUI are a high risk of loss, as studies demonstrate that many drivers with a first DUI conviction have previously driven while under the influence. They simply haven’t been caught and prosecuted until now.
A DUI conviction will affect your ability to find cheap car insurance for up to 10 years. Average rate increases depend on the state of residence and other variables, such as the age and gender of the driver. A single DUI can mean paying anywhere from $500 to $3,000 more per year for your car insurance.
Other Criminal Traffic Offenses
Certain traffic violations that are considered crimes in most states will have similar effects on your insurance rates as a DUI. You will find it much harder to get cheap car insurance if you’ve been convicted of violations such as reckless or dangerous driving, participating in street racing, leaving the scene of an accident, driving on a suspended or revoked license, fleeing law enforcement or driving without insurance.