Here are some ways in which the car industry works and sets insurance rates, along with tips to help you save on your car insurance bills and get help from paying high insurance bills.
Almost all car insurers will pull your credit report as numerous studies have shown that if your credit score is good, you are less likely to need help from the insurer (thus reducing their expenses), you are less likely to file a claim and you will pay your monthly car insurance bills on time. Therefore, if you have had unusual credit activity, wait a month or two for it to return to a normal status before trying to buy car insurance. Also, if your credit history is questionable, clean it up as soon as you can.
You need to get all available discounts on your automobile insurance. This will lower your need for help paying those monthly bills and premiums. Some discounts to ask about include:
You do not have to add add your teenager to your car insurance policy just because she or he has reached driving age. Wait as long as you can as when the teenager is added, the bills you are responsible for paying will increase. You can wait until he or she has a drivers license before adding them. Never forget to notify your insurance company that you have a licensed teenager.
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