The 3 Most Common Causes Of Auto Insurance Increase
Ever thought about what could make your car insurance premium to go up
? From time to time we all do silly things which can make our lives complicated and cost us a lot of money. With regards to car insurance, a single mistake can easily ruin a clean driving history and put you in the high-risk driver group.1. Causing a car accident
Well, not actually a big surprise. In many instances, should you cause an accident you will need to pay surcharges. For the very first accident the amount can be anything between 10%-35% of the value of your insurance plan. On the other hand,if you are at fault in a second accident, the surcharges may go up to 150%. Its always a great idea to know what the surcharge schedule of your insurer is beforehand. Having an additional driver on your insurance plan, that has a bad driving history, may raise your premiums drastically.
2. Getting convicted for a driving offence
As already mention, your driving history is important. Beginning from speeding tickets, all the way up to Dui - the effect on your car insurance could only be negative. What many drivers don't understand is that its a punishable offence to operate a vehicle uninsured. In most states in America, if you are caught driving without insurance or Driving under the influence, you will be instructed to show a prove of financial responsibility for a period of time, usually two or three years. Its often called SR22 Insurance. What this means is that your or your insurer will have to submit a SR22 Form to the local government bodies, in any other case your license won't be reinstated.
3. Purchase a vehicle with a terrible claim record.
It's obvious, the type of vehicle you have plays an important role when car insurance premiums are calculated. Perhaps the most common mistake is to believe that claim record is only associated with an individual. The truth is that these days, insurance companies have a claim record for every make and model. Its normal to considering that sports cars have worse claim record than SUVs for example. Having said that, you should be aware that Hummers, Audi A4 and Mercedes AMG are at the top of the "bad cars" chart. Remember, before buying used or new vehicle, always check what the insurance premiums will be first. Often the quotes you obtain may be surprising.
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