Are You Paying for More Insurance Than You Really Need?

You’ve probably already discovered that car insurance rates are on the rise. Luckily, cutting these costs can be as easy as shopping around for the best value and asking a Reliable Insurance agent about discounts. After performing due diligence, there may even be hidden insurance costs that could possibly be eliminated and save you even more on a Houston Auto Insurance policy today.

Most hidden car insurance costs aren’t that difficult to discover once you are aware of what you are looking for. To make sure you’re only paying what you need to, read over these tips for some common hidden car insurance costs that you might encounter:

Monthly Installment Fees

Like most consumers, you may choose to pay for car insurance policies in monthly installments. It’s convenient to be able to break up car insurance payments in smaller payments, but there is a cost to the convenience. If you pay for insurance up front you will save much more money in the long run.

Accident Forgiveness Policies

Sometimes accidents are unavoidable. After all, it doesn’t matter how well you drive, accidents can happen. Consequently, companies that offer accident forgiveness can offer you significant insurance savings.

Teen Drivers

Adding teens onto car insurance policies can be costly. However, it’s not necessary to add a teen onto the policy until they get their driver’s license. There is no point in paying higher premiums until it’s absolutely necessary.

Those Little Extras

You should look for any extras on policies that may not be necessary, or may be covered elsewhere. For instance, paying for roadside assistance is not necessary if you already have coverage through an auto club. Additionally, for cars that aren’t worth much, full coverage may not be needed. If the car is totaled, you will only get what the car is currently worth.

Cars Types Factor In

Drivers with similar credit histories and driving records can have massively different rates. Insurance companies rate cars on various factors including safety, theft rates, and replacement costs. Cars with better ratings that are safe, and not frequently stolen, will receive better rates than other cars. If you are car shopping, you should check insurance rates on each type of car before making a commitment to purchase.

These hidden costs can make a difference in the price you pay for insurance. Checking out these factors can lower premiums considerably.

What Can You Expect of Auto Insurance as You Age?

Aging changes more than just your hair color. Your auto insurance policy will be affected by both the changes to your lifestyle and your experience that aging brings on.

Auto Insurance for Young Drivers

As a young driver, you will have little experience behind the wheel. In addition, you are statistically more likely to take risks while driving that could result in a higher frequency of accidents and insurance claims. As a result, according to Insurance and Financial Advisor Web News, your premiums could be as much as 100 percent higher than those offered to older drivers.

Ages 25 to 34

Once a driver reaches age 25 they will likely see their Houston auto insurance rates drop. This is especially true of those who've had few claims in the years before. Between ages of 25 and 34, many drivers become married, start families, and buy homes. This too can lend itself to lowered risk and lowered
insurance premiums.

Ages 35 to 39

Research quoted on IFAWebNews.com found that drivers aged 35 to 39, on average, pay almost half of what drivers aged 16 to 19 pay. Again, this is the result of age and experience reducing a driver’s risk. Of course, drivers who have proven to be high risk through a history of moving violations and accident claims will not find this age-related decrease in premiums to be the case.

Ages 65 and Up

Drivers age 65 and up who have had few, if any, accident claims or moving violations will often be charged the lowest auto insurance rates of all. Part of this reduction premium could be attributed to customer loyalty after spending many decades with the same auto insurance provider. Also helping is the fact that many people in this age group log fewer daily miles than younger drivers who must commute to work each day.
We would love to work with you and help you find an auto insurance company ready to offer you the best rates for your age and driving experience. When you’re ready to get started, give us a call at 713-227-7283.