Google+

Why Your Car Insurance Seems So Expensive

Here are some of the reasons why your auto insurance might be on the higher side.

Does it seem like you’re paying more for your auto insurance than your friends or family?  While this might seem unfair, there are some legitimate reasons that might explain the disparity in your insurance premiums.  Here are some of the factors that can make your car insurance more expensive.

You Drive a High-Performance or Specialty Vehicle

If you have a high-performance or specialty vehicle, don’t expect your financial investment to end at the dealership.  Drivers who own a specialty vehicle tend to have higher insurance rates than other drivers.  This cost difference is because non-standard vehicles tend to have higher repair costs and might require specialty services.  So, if you are the proud owner of a fancy sports car, then you will also be the proud owner of higher auto insurance premiums.

You Set a Low Deductible

Another reason why your car insurance rates might seem high is because you set a low deductible.  Many drivers set lower deductibles to ensure that they can afford coverage when they need it.  However, it’s important to remember that your deductible and premium have an inverse relationship; the lower your deductible, the higher your premium will be.  If you want to save some money on your car insurance, consider raising your deductible.

You Have a Spotty Driving Record

Finally, drivers with numerous traffic violations or a history of filing insurance claims should expect their insurance rates to be on the more expensive side.  This is because drivers with a questionable driving history are seen as reckless and therefore more risky to insure.  This increased risk will translate into higher insurance rates.  If you want to lower your rates, then you should make an effort to keep your driving record clean.  Over time, you should start to see your rates drop.

These are some of the reasons why your car insurance might seem high.  Do you have more questions regarding your auto insurance?  Then don’t hesitate to contact us at Pierce Insurance Group.  We are ready to assist you with all your coverage needs.