Make money work for you!

  • Home
  • Personal Finance
  • Budgeting
  • Shopping
  • Taxes

Car Insurance Costs: These 8 Clever Tips Will Cut Them Down

October 12, 2022 · Budgeting
car insurance
Photo by Song_about_summer from Shutterstock

#1 Boost your credit ranking

One of the biggest things that counts toward how much you are going to pay for your car insurance is your driving record. After all, it is intuitive that people who have been getting into a lot of car accidents are going to have to pay more towards their car insurance as it is statistically more likely they will get into one as well and thus cost the company more money. However, what most people don’t know is that your credit score also contributes to how many premiums get added to your insurance.

This may be why your car insurance is still fairly pricey despite having a clean driving record, as the company is probably using scores that are based on credit. This is considered an issue in some statehouses, but most insurers that use this method do it because it will tell them more about the person paying the insurance: if you are responsible with your money in your daily life, you are apparently thought to have a lower chance of filing an insurance claim.

Whether this is true or not, it’s a good move to make sure your credit ranking is high in order to ensure that if this counts towards your insurance score, you will not end up with higher insurance!

Pages: 1 2 3 4 5 6 7 8 9

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

1 comment on “Car Insurance Costs: These 8 Clever Tips Will Cut Them Down”

  1. Ann Jensen says:
    December 11, 2022 at 10:53 am

    As a senior citizen I only drive once a week to the store, to have hair done, etc. I’ve taken the defensive driving course, increased my deductible to $1,000 and I did a 90 test with my insurance company to check my driving with an app on my phone. I haven’t had a moving car accident but, I have scraped the car, been towed, got caught in a bus tracks in the snow. I’ve filed two minor claims. Is there anything else I can do?

    Reply
Se încarcă comentarii...

Nu mai există comentarii de afișat.

Search

Latest Posts

  • How the Iran War Could Impact Social Security and Senior Budgets
  • 10 Most Valuable American Dimes (And What Makes Them Worth So Much)
  • check Social Security SSI $994 Payment for May 2026: Deposit Date, Eligibility, and Who Qualifies
  • tax deduction Bigger Refunds Ahead? What the New SALT Cap Means
  • Trump's Signature Is About to Appear on U.S. Dollar Bills — Here's What That Means
  • Drowning in $10,000+ of Credit Card Debt? Here’s the "No-Shame" Way Out in 2026
  • Social Security Alert: Up to $5,181 Hitting Accounts This Week
  • A senior couple reviews their household budget on a laptop in a bright, modern kitchen. Social Security's 2027 COLA Could Be the Smallest in Years
  • A person showing a digital discount coupon on their phone to a pharmacist at a bright, modern pharmacy counter. TrumpRx Is Here - But Will It Actually Lower Your Drug Costs?
  • A happy couple shopping with a full cart at a warehouse club in 2026. Top 10 Sam's Club Deals You Can't Ignore in 2026

Newsletter

Get money-saving tips and personal finance advice delivered to your inbox.

Related Articles

Labor Day costco

8 Awesome Budget-Friendly Ways to Celebrate Labor Day

Even if this summer has flown by, Labor Day is just around the corner, and…

Read More →
budget your groceries bulk

Experts Shared 8 Tips to Budget Your Groceries

Did you just realize that you’re overspending on food? Don’t worry, you’re not alone in…

Read More →
check

Social Security Checks: 6 Ways to Get Maximize the Payments

#1 Make sure your income is as high as possible This can be the easiest…

Read More →
social security task

7 Ways People Are Irresponsibly Spending Their Social Security Checks

The Social Security program is crucial for retirees in the United States. As reported by…

Read More →
home renovation

Renovation Doesn’t Have To Cost You a Fortune – Here Are 7 Tips How

Hands arrange paint swatches and brass hardware on a rustic table to plan a beautiful…

Read More →
internet bill

High Internet Bill? 8 Easy Ways to Lower it

A man relaxes on his sofa with a tablet, discovering how easy it is to…

Read More →
hotel

7 Hacks to Get Cheaper Hotel Rooms Everywhere You Go

A woman relaxes with coffee, admiring the Paris skyline from a bright hotel room secured…

Read More →
checked baggage recession

Tired of Checked Bag Fees? These 6 Hacks May Help

1. Fly With Airlines That Don’t Have Checked Bag Fees As you start planning your…

Read More →
cash back credit card

6 Costly Habits You Need to Quit Right Now!

1. Unused subscription services How many subscription services do you have? And how often do…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Subscribe
  • Unsubscribe
  • Newsletter
  • Terms and Conditions
  • Do not sell my personal information
  • Privacy Policy
  • Contact
  • Request to Know
  • Request to Delete
  • CA Private Policy

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.