You are probably already aware that every state in the United States requires drivers to display financial responsibility, typically by carrying the minimum amount of insurance on the vehicle that is being driven or owned. Unfortunately, it can be challenging to be approved for affordable car insurance if you have had credit, driving or insurance issues in the past. As a result, it will be very helpful to consider the following tips when shopping for new insurance.
#1-Know Your Credit Score And Verify That The Report Is Accurate
Although you have the right to a free copy of your credit report from each of the credit bureaus each year, recent data has confirmed that almost half of adults under the age of 34 do not know their credit score. In addition, 42% of adults over the age of 35 were similarly uninformed.
Since it is common for insurance companies to base at least part of their quote on your credit score, you should know exactly what information they use to do so. The bonus to that, of course, is that you can request corrections to mistakes on your report if you spot them. That is particularly important since it was recently determined that one out of five Americans found at least one error on their credit report and they have typically been removed after reporting the problem.
#2-Get A Copy Of Your Driving Record
Just as your credit report can be inaccurate, so can your driving record. It is more common to find errors if you have moved from one state to another and had to get a new license or if you have a common name. As part of this, it will also be helpful to make sure that any motor vehicle accidents or tickets that you received in the past have been dispatched appropriately.
Specifically, it is fairly common for tickets to stay on your report for at least three years, while offenses such as driving while intoxicated can stay on for ten or more years, depending on your state. The good news is that errors on your driving record are less common than errors on your credit report. Since they do occur, you should make sure that it is accurate.
#3-Improve The Positive Aspects Of Your Application For Insurance
Even if you have bad credit and a few tickets or accidents, you can still get insurance. Obviously, it will not be as affordable as it will be when your credit improves and your driving record has been free of incident for at least three years. By improving a few aspects about your application, you may still be able to negotiate a price you can afford.
If you have not completed a defensive driving class, doing so may qualify you for an insurance discount. In addition, combining all of the drivers in your household often gets a better price and living close to where you work will allow you to drive less; and you may be able to get a lower quote. If you are a young driver and doing well in college, your grades may also earn a discount. Finally, once you get your car insurance, try to stay with the same company if you can, as your loyalty could also allow you to save money in the future.
In conclusion, affordable car insurance is often difficult to obtain when you have previously had major issues with driving, insurance or credit. Fortunately, by understanding the above tips, you can save time and money while getting the insurance that anyone who owns or drives a car must maintain. Contact a company like Divers-Savage-Mcpherson Insurance Agency for more information.Share