8 Life Events That Can Cause Your Auto Insurance Rate To Drop

| March 12, 2019

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Most people dread getting older every year, but there are upsides. One is being considered a more experienced driver by your Car Insurance company. If you received your driver’s license as a teen, you or your parents probably experienced high insurance rates. As a young driver, you have less driving experience which makes you a higher risk to insure. When you turn 25, it’s a good idea to get a new Auto Insurance quote. When insurance companies consider you to have enough driving experience under your belt, you’re less of a risk. That means a lower Auto Insurance rate! 2. Your Credit Score Improved. Improving your credit score can be beneficial to you in all sorts of ways. In many states, carriers take your credit score into consideration when determining your rates. According to WalletHub, people with no credit pay 67% more for Car Insurance than those with an excellent credit score. If your score recently improved, get a new quote to see if you can find a lower rate. However, keep in mind that credit score is not a determinant of Car Insurance rates in California, Hawaii and Massachusetts.

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Bought By Many

Bought by Many is an award-winning insurtech that is leading the way in creating better insurance products and customer experience. We analyses anonymised search data to identify the problems with existing insurance offers. Our teams then look at how we can improve every aspect of buying cover, from creating unique products that fulfil unmet demand and developing cutting-edge databases to streamlining the user experience and pioneering online claims.

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Spotlight

Bought By Many

Bought by Many is an award-winning insurtech that is leading the way in creating better insurance products and customer experience. We analyses anonymised search data to identify the problems with existing insurance offers. Our teams then look at how we can improve every aspect of buying cover, from creating unique products that fulfil unmet demand and developing cutting-edge databases to streamlining the user experience and pioneering online claims.

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