3 Factors that Can Raise Your Car Insurance Rates

Wondering what can cause your car insurance rates to go up? It could be due to a number of factors. While you may have heard that your age or gender can affect how much you’ll pay in premiums, there are several other ways in which you might end up paying more for coverage – and the rates could go even higher if you don’t address them.

In general, insurers take certain parts of your driving history into consideration when determining your rates. If you have any moving violations or accidents on your record, this could increase the price of your policy, but it isn’t always as simple as that. Here are three of the most common reasons that can cause your car insurance rates to go up:

1. Moving to a high-crime area

If you move to a neighborhood that is known for its high crime rate, your car insurance company is likely to raise your rates. This is because there is a greater risk that the car will be stolen, vandalized, or damaged in some way. This can make it more expensive to insure your vehicle. If you do move to an area where crime rates are high, look for discounts elsewhere. For instance, you may be able to take advantage of lower rates for having anti-theft devices like LoJack installed in your car.

2. Having a poor driving record

If you have been convicted of a number of traffic violations, your car insurance company is likely to raise your rates. This is because you are more likely to get into an accident, and when you do, it will be more expensive. If your record includes DUI convictions or reckless driving tickets, your rates may increase even higher.

3. Getting traffic tickets

If you have been cited for a moving violation, you are seen as high risk by your car insurance company and can expect to see your rates rise as a result. In some cases, even getting one speeding ticket or parking ticket may be enough to cause an increase in your rates. This is because car insurance companies view drivers with traffic violations as a greater liability.

If you are concerned about your car insurance rates increasing, be sure to ask your agent what factors may cause them to go up. By being aware of the things that can affect your rates, you can take steps to minimize their impact on your budget.