Future Tips to Lower Your Car Insurance.

Future Tips to Lower Your Car Insurance.


Sounds like a no brainer, right? You would think so, but you would be surprised at the amount of people that had no idea how drastically tickets and at fault accidents increase their premium rates. So make no mistake; tickets and at fault accidents will increase your premium rates and they don’t go away quickly either. Unless you have a special accident forgiveness plan that you are most likely paying extra for, most insurance companies hold your tickets and accidents against you for 3-5 years. So be carful out their for your wallets sake.

“What do you mean pick and choose your claims? That’s what insurance is for, right; to pay for the accidents that happen in life?”
Well, yes and no. Insurance is their to cover you in times of need, but not when that need comes down to $50 or $100. More often than not people will try to file a claim to their insurance company without really knowing the damage they are doing to their future insurance premiums. For example, lets say we have an insured, name Chloe, with a $500 DED on her comprehensive and collision. Now lets pretend that Chloe was driving down the road in her car and she accidently runs a stop sign and swerves off the road to miss the other car that had the right away and by doing so she damages her front bumper. Lets say that the cost to repair the damage comes to about $600. Now what Chloe could do is she could file a claim, pay her $500 DED and the insurance company would cover the other $100 and in the short run she would save herself 100 bucks, but what happens in the long run? Since this type of claim would be considered a collision claim and Chloe was at fault, this claim would go against her. Since the claim goes against her, at her insurance renewal, her premium is going to increase. We don’t know by how much, but for the sake of the example lets say it goes up by $100, which really isn’t that much. Now Chloe is stuck with paying a higher premium regardless if she switches insurance companies for the next 5years. Five years of an extra $100 a year equals $500. All of this could have been avoided if she would have never filed the claim to begin with and paid for the damage herself. Now keep in mind, if this claim had been classified under a comprehensive claim, which is an accident out of ones control, then all the information above is irrelevant because comprehensive claims do not go against you.


Every year, make, and model of a car impacts the price of your auto insurance. From personal experience and some studies, I have determined that most Japanese brand vehicels, such as Toyota, Honda, and Nissan, are typically almost always cheaper to insure than American brands such as Dodge, GMC, and Ford. That doesn’t mean that every American vehicle is going to cost more to insure than a Japanese brand, just as a whole. For instance. a Chevy Silverado 1500 is on the top 10 list for cheapest vehicles to insure. However if you look at the rest of the list, 7 out of the 10 vehicles on the list are Japanese vehicles. Now why is this? There are so many factors that come into play when it comes to determining how much a vehicle is going to cost to insure, so lets just list three of them. The first item on the list, that contributes to the determination of insurance prices is, the safety features in the vehicle. Makes sense, right? The Safer the vehicle rating, the cheaper the insurance. Next on the list is the type of buyer that each car brand attracts. For whatever reason, studies show that more reserved individuals will buy car brands such as Toyota, Subaru and Honda while more reckless drivers will purchases brands such as Dodge, Ford and Chevy. Why is this? Maybe it’s because a younger individual can go out and buy themselves a mustang or Challenger for not to much more than 30k, where as with a lot of the Japanese car brands you aren’t going to get any fast cars, other than maybe a Subaru WRX, for anything near 30k. With that being said, one of the most highly ticketed vehicles in the state, is a Toyota Tacoma. So just like I mentioned before, we are talking the overall average and not just individually. So the typical car buyer of a curtain brand has an impact on insurance cost. The third factor we are going to talk about is, longevity. Every car brand has a reputation for the type of cars they build, whether it’s for their looks, speed, off/on-road capabilities or their longevity. Typically, a car brand that is know for their well made reliable vehicles, such as Honda for example, are going to be a little bit easier on the wallet when it comes to insurance.

I hope you found these few tips helpful. If you have any questions about what has been mentioned above or if you would like to receive more tips to save on car insurance, give us a call at 970-507-7894 or email us: mackeyinsurancellc@gmail.com

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