Rosemary’s Thoughts

You can guarantee one thing next year and that is your car insurance will cost you more even though you probably never make a claim. With the rising costs of gas in addition to premiums, many people are finding it difficult and deciding not to insure their cars at all. However, there is a great deal of money to be saved with the premium charged, if you know what to look for.

Obviously the age of the driver has a great deal to do with this as car insurance companies will penalize drivers under twenty five because they do not believe they have been driving long enough to accrue much experience. The statistics show that in the majority of accidents or incidents of poor driving, it this age group that are responsible. To recoup the costs of these accidents, all people who are under the age of 25 are required to pay higher premiums.

If you enjoy driving a fast sports car then you can also expect to pay more for you car insurance than someone who only drives an old station wagon. The insurer will also add more onto your premium if you drive a car that is expensive as they are carrying a greater risk if it is involved in an accident. Savings on premiums can be made by buying a later model of the car you like or finding one that is built to a higher standard.

Irrespective of how old you are, your previous driving record will follow you around and if you are considered a poor or risky driver, you premium will increase accordingly. If your record show a number of accident, tickets issued by the Police for speeding or dangerous driving then you can expect to pay more for your car insurance than someone who has a clean driving record. Insurance providers are also very aware of the two types of driver, safe and clean against bad and unsafe; who are the most likely to make a claim.

These are just a few ways you can save money on your car insurance because you can be certain of one thin; premiums will not go down. Insurance companies use other factors to calculate their premiums but the points mentioned here is the bulk of how it is worked out. Use this information wisely and it could help how much you pay for your premiums for many years to come.