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Your email address will not be published.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.

Latest Posts

  • snap Amazon Refund: How Much You Could Receive
  • amazon prime, money Here’s How to Get Your Refund From Amazon’s $2.5B FTC Settlement
  • social security, Social Security task Who Will Receive Social Security Payments on January 14, 21, and 28?
  • Holiday Scam 10 Holiday Tax Scams That Turn Your Ho-Ho-Ho Into Oh-No!
  • 5 Costco Products That Cost More Due to Trump’s Tariffs

Related Articles

traveling

9 Great Ways to Stay on a Budget While Traveling

How can I spend more time traveling without causing damage to my budget? This is…

Read More →
second-hand

12 High-Quality Items You Should Buy Second-Hand

12 Items You’d Be Happy to Get Second-Hand: Making knowledgeable decisions when it comes to…

Read More →
internet bill

High Internet Bill? 8 Easy Ways to Lower it

Have you ever wondered if there’s a way to pay less on your internet bill?…

Read More →
retirement

Got Retirement Savings? Here’s How to Manage Them Right

Let’s be honest: managing money was never easy, especially during the work years. But when…

Read More →
money, sam's club

10 Big Money-Saving Tricks to Use While Grocery Shopping

#1 Look for wholesale but don’t go too far It’s well known that when you…

Read More →
hotel

7 Hacks to Get Cheaper Hotel Rooms Everywhere You Go

7 Ways to Book the Best Hotel Rooms at the Best Price: Traveling to new…

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 →
thanksgiving dinner on a budget

Thanksgiving Dinner on a Budget: 4 Tips for a Plentiful Dinner

Here’s how you can do Thanksgiving dinner on a budget! Indeed, Thanksgiving dinner on a…

Read More →
discounts

Senior Discounts? Check These 13 Grocery Stores

Best 13 Discounts on Groceries You Can Get: If you’re 55 or older, there are…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Explore

  • Subscribe
  • Unsubscribe
  • Newsletter
  • Terms and Conditions
  • Do not sell my personal information
  • Privacy Policy
  • Contact

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.