Boost Your Credit ScoreIn most states, insurance companies use your credit rating to help determine your auto coverage premium. If you have poor credit, statistics indicate that you may have a higher risk of auto accidents, which results in a higher price for insurance. Combine More Than One PolicyYou can save on coverage if you insure more than one driver and/or vehicle with the same provider. Most companies provide a discount for the additional business. It’s not just for auto insurance policies; according to Bankrate, you can also save by bundling home or renter’s coverage with your car insurance. For…
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Know the factors affecting car insurance premiums and learn ways to help lower insurance costs. Woman calling her insurance company to report vehicle damage.You pay one amount for car insurance, your best friend pays another and your neighbor pays still another amount. What gives? Most insurance companies look at a number of key factors to calculate how much you’ll end up paying for your car insurance. Take a closer look at these factors that affect your car insurance premium to clear things up — some of them also come with bonus suggestions for keeping costs down. Factors that affect car…