Understanding Insurance Issues

Factors In Price With Regards To Auto Insurance

If you have ever been in a car accident, you understand just how important it is to have good insurance. If you had good insurance, you were protected, but if your policy was sub par, you most likely had to pay for a lot of the damage out of your own pocket. It can come back to really haunt you if you try to save money on a sub-par policy. However, some of the best policies are very expensive. The good news is that you can do a few things to reduce the amount that you'll have to pay for your insurance. Here are a few important ways to reduce the cost of your policy.

Driving Record

The single-most important factor that you can control is your driving. If you have a bad driving record, the insurance company will look at you as a risk to insure. If you are in accidents or if you have tickets, then you are much more likely to cost the insurance company money. So, be sure that you keep your driving record clean because even one ticket can have a huge impact on the amount that you have to pay for a good insurance policy. If you have a negative mark on your driving record, talk to your Department of Motor Vehicles and see if you can take a defensive driving course to get the negative mark removed.

Your Vehicle 

The type of vehicle that you drive can be a very big factor in the amount that you have to pay for your insurance. If you are driving around in a classic car with very expensive parts, you can expect to pay more for your policy. You may also have to pay more if you are driving a sports car versus a sedan. In a sports car, you are much more likely to speed. 


Since insurance is generally a monthly payment, the better your credit score is, the better chance you have to get a good policy price. Check your credit score, and if you notice that you have a bad score, then it may be advantageous to talk with a professional about improving your score. Most of the time, they will help you with all factors in your credit score, including removing negative items from the report. If a negative item is removed, your score can recalculate. The better your credit score, the more likely you are to save money on your insurance premium. 

Contact an insurance agency like Mascott Insurance Services LLC for more information.