The Most Common Factors and Events That Can Increase the Price of Car Insurance

LOS ANGELES, Aug. 20, 2019 /PRNewswire-PRWeb/ -- Cheapquotesautoinsurance.com has launched a new blog post that presents several factors and events that can affect the price of car insurance.

For more info and free car insurance quotes, visit https://cheapquotesautoinsurance.com/factors-and-events-that-increase-car-insurance-rates/

Car insurance can get quite expensive and many drivers are wondering from what reasons their premiums are so high. Car insurance rates can be affected by various events and factors.

The most common factors and events that can increase the price of insurance are the following:

    --  Customizing the insured vehicle. This is a common factor that can
        significantly affect the price of insurance. Before changing or adding
        parts to the vehicle, drivers should inform their insurers. Drivers who
        do not inform their insurers about the modifications they've done to
        their cars can get their policies voided. Car modifications like adding
        turbo-chargers, changing the engine, wheels, brake system, and even
        specialized paintwork will make car insurance rates go higher.
    --  Being caught with a DUI. Drivers who are caught driving while under the
        influence of alcohol or drugs, will be penalized depending on the
        state's legislation with penalties that can be as low as a driving fine
        and points or they can receive harsher penalties like jail time. Drivers
        convicted for DUI will be placed in the high-risk category by the
        insurers and will have their insurance rates raised with 50%, and in
        some cases, the rates will be even doubled.
    --  Bad credit score. The credit score is an important factor that most
        insurers use to determine insurance rates. Insurers consider that
        drivers with a poor credit score are less responsible and they have
        higher chances for filing a claim. For these reasons, drivers with a
        poor credit score will pay more on insurance.
    --  Moving to a new area that is exposed to thefts or weather hazards. The
        location where a driver lives can affect insurance rates. Drivers who
        move to neighborhoods where car thefts are quite common will pay more on
        their premiums. The insurance rates will also increase for drivers that
        move in areas where severe weather events happen more frequently.

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Cheapquotesautoinsurance.com 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.

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