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Your email address will not be published.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

  • Watercolor illustration of a large itemized scroll lying across a grassy hillside by a graveyard and chapel. The Hidden Funeral Costs That Catch Families Off Guard
  • A man tightens straps on cardboard moving boxes in a pickup truck bed outside a desert home while a woman walks inside. The Best States for Retirees Who Want to Skip State Income Taxes
  • A mature woman in a rust jacket unloads a duffel bag from an SUV trunk outside an adobe home with mountains behind. 8 Social Security Rules Every Divorced Retiree Should Understand
  • Older man at a credit union counter reviewing a deposit confirmation slip while holding a pen over a ledger. 7 Ways to Check That Your 2027 Deposits Are Correct
  • A smiling senior woman holds a harbor tour clipboard while standing on a brick waterfront promenade beside docked boats. 9 Retirement Towns With Strong Part-Time Job Markets for Seniors
  • Illustration of an April calendar, planter boxes, and a balance scale weighing tax deductions against retirement cash flow. 7 Tax Refund Mistakes Retirees Make Every Spring
  • Illustration of a U.S. Treasury check balanced on an arm connected to clockwork gears above an age timeline. 8 Social Security Check Mistakes Retirees Should Avoid
  • Travel insurance document, US passport, first aid kit, boarding pass, watch, water bottle, and sunglasses on a wooden floor. 10 Signs You Need Travel Insurance
  • An older man working in a woodworking shop pauses and looks back suspiciously at a ringing landline wall phone. 10 Phone Calls Claiming to Be From Medicare That Are Really Scams
  • Screenprint illustration of the continental United States map with ten stepped, rocky plateaus rising from different regions. These 10 States Will Get the Largest Social Security Increases From the 2027 Trump Bump COLA

Newsletter

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

Related Articles

Illustration of a hand cutting paper ribbons labeled with household fixed expenses using scissors before a new year timeline.

11 Ways to Trim Fixed Expenses Before the New Year

Discover 11 practical ways to trim fixed expenses and lower recurring monthly bills before the…

Read More →
energy bill

Energy Bills Are Too Expensive? This Might Be Why…

If you’re anything like the rest of us, you don’t pay a lot of attention…

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 →
Mature woman in a cardigan holding a steaming mug on a sunny outdoor deck beside a patio table with glasses and a notebook.

7 Expenses You Should Eliminate When You Retire

Learn 7 key expenses to eliminate when you retire—from commuter cars to payroll taxes—to stretch…

Read More →
A couple shopping for high-end deals at a modern warehouse store.

12 Costco Deals Shoppers Are Jumping on for 2026

Discover the 12 best Costco deals for 2026, including new pharmacy savings, travel packages, tech…

Read More →
health care healthcare

11 Smart Ways To Cut Down Your Health Care Costs

You could have great insurance from your employer, but it’s still likely for you to…

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 →
kitchen renovation tip

Kitchen Renovation Tips: 6 Ways to Save Money

Refresh your kitchen with sage green paint while keeping your renovation budget and savings fund…

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 →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Contact
  • Editorial Policy
  • Advertiser Disclosure
  • FAQ
  • Subscribe
  • Unsubscribe
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Do not sell my personal information
  • Request to Know
  • Request to Delete
  • CA Private Policy

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.