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Your email address will not be published.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

  • A retired couple sits at a sunny kitchen table, thoughtfully reviewing financial papers together with coffee mugs nearby. Married and Retiring? Here's How to Claim Thousands More in Social Security Benefits
  • An ink and watercolor illustration of a balance scale weighing a glass tip jar against a document labeled federal programs. Here's Who Won and Lost Under Trump’s "Big, Beautiful Bill" (Where Do You Stand?)
  • Split-screen watercolor illustration showing an older man in a library with a $5,181 check and an older woman in a kitchen with a $2,076 che Morgan Freeman vs. the Average American: Who Gets More in Social Security?
  • An editorial illustration of a person guided through a bank-wall maze away from a basic account door toward a premium fee-paying door. These Banks Are Accused of Pushing Customers Away From Basic Accounts
  • An ink and watercolor illustration of an older couple entering a cozy, sunlit neighborhood diner. The SNAP Restaurant Meals Program: Which States Allow Seniors to Use Benefits at Restaurants
  • A mid-century gouache illustration of a relaxed retired man sitting in a lounge chair with a tablet, balancing work and leisure. 12 Stress-Free Jobs for Retirees With High-Salaries
  • A retired couple relaxing on a stone terrace overlooking a Mediterranean coastal village during sunset, captured in warm film photography. The 30 Best Countries to Spend Your Retirement In – Which One Is Your Favorite?
  • An active retiree in his late 60s working part-time at a sunlit plant nursery greenhouse, watering green seedlings. The Part-Time Jobs With a 401(k) Match That Most Retirees Don't Know Exist
  • A woman sits on a moving box in her urban apartment, looking at a laptop showing scenic mountain relocation programs. These US Towns Will Pay You to Move There
  • An editorial illustration of a mailbox with a Social Security check inside, having a 32% slice snipped off by scissors labeled Medicare. Medicare Part B Ate 32% of Last Year's COLA. Will It Happen Again in 2027?

Newsletter

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

Related Articles

9 Free Things at Libraries You Never Knew About

A woman works on her laptop in a modern library featuring digital kiosks, meeting rooms,…

Read More →
Easter on a budget

Celebrate Easter on a Budget with These 8 Hacks!

Brighten your Easter table with affordable DIY cardboard bunny garlands, fresh wildflowers, and a carton…

Read More →
Budget

How to Budget For Car Repairs: 11 Useful Tips

Tracking maintenance costs in a notebook behind a vintage steering wheel helps keep your car…

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 →
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 →
thanksgiving dinner on a budget

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

A smiling woman reviews her shopping list beside a basket of fresh apples and squash…

Read More →
discounts

Senior Discounts? Check These 13 Grocery Stores

A smiling senior shopper presents her loyalty card at the grocery checkout to unlock exclusive…

Read More →
halloween on a budget tariffs

Halloween on a Budget! 4 Ways to Scare Some Savings

A shopper discovers a ceramic jack-o’-lantern at a thrift store, showing how easy it is…

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 →
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.