Can I get cheaper insurance? No tickets in 17 years.?
I'm 52. No tickets in 17 years.No accidents in about 30 years. I was paying $98.00 a month via old insurance company for liability. Slowly went up from $58 monthly 3 yrs ago. Now I'm at $72 monthly with another company. I'm consistently told its based upon my credit rating, but I've paid off all my outstanding debts. And I NEVER get anything on credit these days, except my house.Payments always on time or early. Any insurance companies cheaper based solely on driving record?
Credit scores are a big factor. The biggest problem you have is that you do (not) use credit.
Favorable credit factors might include: • Long-established credit history • Numerous open accounts in good standing • No late payments or past due accounts • Low use of available credit So when they look at your credit report, they see very little other than your house payments. They want to see a few credit cards out there that you use on a regular basis, pay off each month, and the amount you charge are way lower than “your” available credit.
Look you are smart not to use credit cards, but in your case you need to, if only to charge $100 a month on each credit card to show more accounts in good standing.
Also the best way to look for cheaper insurance is with an agent or broker who does business in many companies, that won’t have to give out personal information to numerous companies.
There are about 30+ factors that go into your insurance premiums. Besides your credit rating and driving history, some of the other factors include where you live, marital status, your gender, type of car you drive and how much you drive, is the car used for business, type of coverage and deductible amountm rent or own a home, etc.
Yes, there are insurance companies who use driving record as a factor in their rating. All of them do, in fact, and it's a very major factor.
What you need to do is contact an insurance provider or six and ask them for an estimate. The best time to do this is a month or so before your current contract expires, but you can do it any time you want. And yes, there probably is a lower price out there somewhere.
But you can't do it here. Nobody in here can give you an insurance estimate, and anyone who can give you an estimate certainly won't do it in here. That stuff is highly confidential, and this site is highly not.
But wherever you decide to buy insurance, you will almost definitely see the price increase as the years roll on. You're pretty much eligible for the lowest price any insurance company will offer, because you're old as hell and you have a long history of driving like a coward. But there's this thing called inflation, which you may have heard of. The cost of absolutely everything (except our paycheques) goes up every year on a regular basis, and auto insurance is part of absolutely everything.