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Your email address will not be published.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

  • 9 Retirement Communities With Surprisingly Low HOA Fees
  • What about stop-and-go traffic? Can I save some gas by turning off my vehicle? Seniors: Will You Have to Retake Your Driving Test This Year? What You Should Know About DMV Rules
  • A woman in her late 50s joyfully works on a woodworking project in her sunlit garage, representing a vibrant lifestyle. 5 Smart Ways to Use Your Life Insurance While You're Still Alive
  • An infographic titled 'The Subscription Leak' showing a funnel of money with data points about household subscription costs. 8 Subscription Services Americans Are Quietly Replacing With Cheaper Alternatives
  • Ink drawing of a person cutting a giant price tag to reveal a lower price underneath, symbolizing the power of negotiation. 10 Things You Should Always Negotiate but Most People Never Do
  • A person in a cozy sweater holding a ceramic mug in a sunlit breakfast nook, evoking a sense of quality and comfort. 10 Things You Should Always Pay More For (They're Worth Every Penny)
  • A senior couple smiles while reviewing a map of the US and financial papers on an oak table in a sun-drenched room. 7 States Where Retirees Are Paying Zero Tax on Their Pension in 2026
  • A person at a kitchen table comparing a digital stock app on a smartphone to an old handwritten ledger book. 8 Money Habits Americans Learned From Their Parents That No Longer Work
  • A retiree in her sun-drenched home studio packing a ceramic vase for shipping next to a laptop showing business sales. 7 Retiree Hobbies That Accidentally Turned Into Full Businesses
  • A mixed media collage of vintage childhood items like toys and coins spilling out of an attic box, representing hidden value. 9 Childhood Items Retirees Still Own That Are Worth Serious Money

Newsletter

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

Related Articles

Cheap Places

4 Ridiculously Cheap Places to Live in the U.S.

A smiling woman explores a sunlit stone street with a map, discovering the charm of…

Read More →
best beach towns for retired homebuyers

4 Best Beach Towns for Retired Homebuyers

Mississippi: Pascagoula You may not think a former small fishing village like Pascagoula, Mississippi, would…

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 →
items

7 Items You’re Better Off Getting Second-Hand

Weathered hands cradle a well-worn book, showing how some treasures become even more meaningful the…

Read More →
digital subscription

Here’s How to Save Money on Your Digital Subscriptions: 7 Tips

Track your monthly digital subscription spending on your smartphone while enjoying a quiet morning coffee…

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 →
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 →
Charming Place

7 Charming Places Where Retirees Can Live on a Tight Budget

Provo, Utah Cost of living for seniors: 1.7% below the US average State’s tax rating…

Read More →
thanksgiving

9 Best Tips to Spend Thanksgiving on a Budget

1. Plan ahead We know it’s hard to say no to relatives when you’re asked…

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.