The same policy and type of coverage at one insurance could be different than at another one. The policy you get will be determined by your credit history, driving record, and other factors as well. Once you and your driving habits have been evaluated through underwriting, you will be placed into one of three groups.
Most drivers that get discounts are grouped as preferred drivers because they are safer risks. To qualify as a preferred driver, you must have a clean driving record for a minimum of three to five years. Companies will check your credit rating and if it is good, you are considered to be more responsible. These are the drivers that pay the lowest premium rates.
The driver with a couple of violations on their record can pay more. You may not have a fast sporty car or you might drive a simple compact car. However, the few violations you received will cause your rates to be higher. Check with your company about moving from this standard group to a preferred group by taking safe drivers courses and learning which discounts you may be eligible for.
Non-standard driver groups are the highest risk to most companies. These are drivers under the age of twenty and unmarried, the drivers that have several violations on their record, and those drivers that require SR-22 coverage. The rates you will pay for this type of policy will be high. In some cases, the premiums for non standard drivers are expensive despite discounts being counted off. Learning more about how you can exit a non-standard group starts with you making an appointment with your agent.
Raising the deductible on your policy can help you to pay lower premiums. This option is usually chosen by those drivers with perfect driving records. Add the amount of the discounts you qualify for and compare the difference. The policy with a higher deductible and many discounts is more affordable.
Underage DUI charges can end up costing a lot. If a teen is on their parents policy, you might keep in mind the company reserves the right to withdraw the policy and refuse renewal. Making sure you instruct your teens the importance of safe driving is vital.
Learning the details of the insurance policy you need the most is important. This is especially true if you are not considered a preferred driver until you get your driving record cleaned up. Make the time to visit your insurance company for finding out the facts about your policy.