21 Oct, 2020
Car insurance is something that is super important to have because it protects you and others in chance of a collision. We pay into car insurance to ensure that everyone involved is safe and their assets are covered. When people do not have proper insurance, it may lead to consequences such as ticketing due to putting themselves and others at risk.
It is not unheard of for people to become uneasy when it comes to finding the right insurance, it requires a lot of research to find a company that works the best for each of us. When we find the best coverage, we may start to notice that our insurance rate has changed. We may ask ourselves, “Why did my car insurance rate change?” Truth be told, there are many factors that can contribute to the price change.
The price of our coverage is important to everyone, we always want to be informed of things that can potentially raise our rate. Some things that can raise insurance rate are credit score, place of living, and driving record.
Believe it or not, credit score is an important deciding factor of what our insurance rate could be. What this means is that when your credit score goes down, your insurance rate will go up. In some states this is not allowed but it does happen in most. Texas is a state where credit score matters when shopping for insurance. It is important to always keep credit score and insurance premiums in mind. A small change in credit score, can lead to a spike in insurance price!
Our place of living is also a factor that contributes to a change in insurance rate. There could be a trend of uninsured and distracted drivers, higher crime rate, and bad weather. These are all things that would require one to need more coverage.
Lastly, one’s driving record is a very big factor that contributes to insurance pricing. “Have I been in an accident?” “Did I forget to pay my ticket?” “Did I file a claim to fix damage to my car?” If you answered “Yes” to any of these questions, it may be the reason your insurance increased in price. Whenever we are faced with potential hazards, we are taking risks that would cause insurance to go up. Always be mindful when driving, carelessness can lead to danger.
La Familia Auto Insurance has multiple locations in Texas, including San Antonio for your convenience. We want to help people get the right insurance at an affordable price. We are dedicated to helping everybody out during their time of need and being there every step of the way. We will make sure to provide everyone with the best insurance option that meets each of their needs!