driving smart
The Price of Auto Insurance
Auto insurance can be costly, so it pays to shop around before choosing an insurer. To keep your rates low, drive as safely as possible. That way you'll avoid traffic tickets -- especially moving violations -- which often cause your rate to skyrocket. Which of these also may increase how much you pay for insurance?
- If you buy a new car instead of a used one.
- If you buy your car and auto insurance from the same company.
- If you have a low credit score.
"C" is correct. Your credit is likely to affect you ability to qualify for insurance and a lower premium. Used cars often cost less to insure than new or high-performance vehicles. Living in the same place a long time, being a home owner, and buying car and home insurance from the same company may also save you money.