Have you noticed that your Auto Insurance in Murfreesboro has recently increased? If so, you’re not alone. Many customers have found themselves wondering why their rates have increased. One thing that may be responsible for this increase is a divorce. When you’re married, most insurance companies will give you a married discount. This is because they believe that married individuals will be safer drivers. Another reason why your insurance may have increased is because you’ve turned 50. While 50 is a milestone for many individuals and should be celebrated, some insurance companies frown on it and consider you to be a high risk driver. If you are someone who is in your 70s you can expect to pay as much or more for auto insurance as a teenager.
Most people have times when they have to pay a bill or two late due to a job loss or an emergency that comes up, but getting really behind on things like your mortgage, car payments, or credit cards can severely damage your credit. Many people aren’t aware that this can also impact your auto insurance rates, as well. In fact, one of the things that many insurance companies base the price of your policies on is your credit score. If you have a credit score of 720 or above, you will be able to get a much cheaper policy than someone who has a credit score of 550 or below. Some insurance companies even check your credit score periodically and adjust your insurance rates if your score has changed.
While there are a number of different things that will increase your Auto Insurance in Murfreesboro, there are ways to save on your policy. On way to save is to combine your auto and house insurance policies together. This also works if you add an additional vehicle to your policy. If your automobile doesn’t have anti-theft devices, installing them can dramatically lower your insurance rates. If you don’t owe money on your car, changing your policy from full coverage to liability, can cut your policy in half.
If that’s not an option, consider increasing your deductible. If you have any additional questions about Auto Insurance in Murfreesboro or you would like to speak with an agent about starting a new policy, Contact Mid TN Ins Group today.
