3 Surprising Reasons Why Some People Pay A Fortune On Car Insurance

LOS ANGELES, Dec. 4, 2018 /PRNewswire-iReach/ -- Compare-autoinsurance.org has released a new blog post that explains 3 surprising reasons why some people pay really expensive car insurance premiums.

There are huge discrepancies between car insurance costs, based on the risk group one person may be placed. While it makes sense to have the costs influenced by driving experience, age, driving history and car model, some factors may be quite surprising. Read more car insurance articles and get free car insurance quotes from http://compare-autoinsurance.org/.

    --  Bad credit score. At first glance, a person's creditworthiness should
        not affect how much he or she pays for car insurance.  Under the FICO
        credit system, a person has a poor score if the score is below 580.  A
        person with a bad repayment history is considered high-risk for
        insurance companies. That person is more likely to miss payments or drop
        coverage mid-term. Creating car insurance lapses will negatively impact
        the insurability score. If possible, improve the credit score using
        one-time payments, keeping a low credit utilization rate and balance
        transfer credit cards. Always talk with an expert about this delicate
        matter.
    --  Small or inexistent loyalty bonuses. Loyalty should be a top focus for
        many companies. Many companies offer really tempting incentives to their
        safe drivers, in order to keep them loyal.  These come usually under the
        form of a generous discount. However, there are companies that offer
        really small discounts or they do not offer at all. In this case,
        staying with the same carrier will damage the policyholder's budget in
        the long term.
    --  Price Optimization. This is another prime example when loyalty hurts the
        policyholder's finances. Some companies practice this so-called "price
        optimization". They gradually increase a policyholder's premium upon
        renewal because that person is less likely to check the insurance market
        and switch carriers.

"Getting online quotes and comparing prices is the only way to ensure that you still pay a fair amount of money on car insurance", said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For more information, please visit http://compare-autoinsurance.org

Media Contact: Russell Rabichev, Internet Marketing Company, 8183593898, russellr@gmail.com

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SOURCE Compare-autoinsurance.org