I get a lot of questions from people asking why did my car insurance go up when I moved. It can be very scary to think about this so I will try to explain why this happens. One of the reasons is because the rates are based on your age and gender. This is the way that the insurance companies do things because it is more accurate for them to charge you a lower rate if there is less risk involved in insuring you. In other words, the younger and older you are the more likely you are to get in an accident so the insurance company’s rates tend to be higher for this age group.
Another reason is because if you have made other car insurance purchases before then the company may view you as a high-risk driver. Basically what they mean by high-risk driver is that you have lots of tickets and have made other car insurance purchases in the past. If you do have lots of tickets then you are seen as someone who drives fast and irresponsibly. If you have a good driving record then you will not have any problems with your car insurance. However, if you have had accidents and had to pay a large amount of money out of pocket then the company may view you as a bad risk and raise your rate.
The last question I want to answer your question, “Why did my car insurance go up when i moved?” is because of your credit score. Now, I am not talking about your credit report. I am talking about your financial history. If you have a lot of debts then your credit score tends to be low which means that you are seen as a higher-risk customer by the car insurance companies.
Now, you may be asking, “How can I improve my credit score so that my car insurance can go down?” This is where shopping around for another insurance company comes into play. You need to call a few different companies and find out what kind of prices they are offering and then look at what kind of coverage they are giving you for those prices. If they are giving you less coverage than another company you may want to look into moving to a company that they are competing against.
If you did not move and your insurance did not go down when I moved then it is time to start shopping around again. The first place that you should start is with your current car insurance company. Ask them what kind of prices they are offering and see if they can match them. If they cannot then you need to go and find a new car insurance company. Remember though, always make sure you read your policy before you sign on the dotted line.
Another common question that people ask themselves when they are looking at why did my car insurance go up when i moved is if they can qualify for a cheaper quote after moving. The good news for you is that if you have not been in an accident or receive tickets since your policy was issued, then you can often qualify for lower rates. Also, you can often get cheaper rates if you have a clean driving record. The last thing you want to do is get your car insurance even lower than before when you move! Just follow these three tips and you should be able to answer the question, “Why did my car insurance go up when i moved?”