15 Mind-Blowing Facts About Auto Insurance You Never Knew

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Red Cars Don’t Cost More: The myth that red cars lead to higher premiums is false! Insurance companies don’t consider the color of your car.

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Your Credit Score Affects Rates: In many states, your credit score can have a significant impact on your insurance premiums, with lower scores leading to higher rates.

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Mileage Matters: The less you drive, the less you pay. Low-mileage drivers often get discounts.

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Loyalty Doesn’t Always Pay: Staying with one insurer for too long can actually cost you more. Shopping around periodically can save you money.

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Age Isn't Just a Number: Young drivers pay more, but some insurers also raise rates once you pass 65, as aging can affect driving skills.

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Marital Status Affects Premiums: Married people often pay less than singles, as statistics show they tend to have fewer accidents.

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You Can Negotiate: Don’t just accept the rate you’re given. Many insurers will negotiate or offer discounts if asked.

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Your Job Matters: Some professions, like teachers or engineers, may receive lower premiums due to statistical driving data.

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Temporary Coverage Exists: You can get short-term auto insurance for as little as a day if needed.

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– Telematics Can Save You: Usage-based insurance programs monitor your driving habits and can significantly lower your rates if you’re a safe driver. –

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Insurance Follows the Car, Not the Driver: If someone borrows your car and crashes, your insurance is responsible, not theirs.

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Your Zip Code Affects Rates: Insurers consider where you live—high-crime areas or regions with more accidents often lead to higher premiums.

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You Can Pause Insurance: If you’re not driving your car for a while, some policies allow you to temporarily suspend coverage and save money.

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Hybrid and Electric Cars May Cost More to Insure: They’re more expensive to repair and replace, leading to higher premiums despite their environmental benefits.

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