You have a perfect driving record and no recent history of auto insurance claims. Of all people, you should qualify for excellent coverage at the lowest rates. While you may be off to a good start, there are many other things that could be inching your rates higher. Continue reading to learn some of the most shocking things that could be costing you more on auto insurance.
Not Being a Woman Age 25-70
In a country where culture champions fair and equal treatment for all, you may be shocked to find out that your insurance rates may differ from others based solely on your age or gender. As frustrating as it may be, this practice is both lawful and very common. While race and religion are excluded, insurers can legally charge certain people groups, such as males, senior citizens and young adults more for insurance since research has shown them to be higher risk of claims. It’s not discrimination – it’s business.
Living in a Home Without a Garage
Risk evaluation does not stop with you and your driving habits; insurance companies care about what happens when you aren’t driving too. You may be surprised to find out that many Arizona insurers are curious about where you park or store your vehicle when it is not in use. A garage, for example, may be deemed safer, as it protects your vehicle from the elements and helps deter theft and vandalism. Parking your vehicle on the street, however, may incur a penalty rate due to an increased risk of being sideswiped by a passing vehicle.
Moving Closer to Your Job
Your neighborhood could have a target, too. According to the Insurance Information Institute, average rates can vary dramatically between zip codes depending on traffic, crime rate, and the number of accidents reported in a particular area. For example, if you live in a suburb and decide to move downtown to shorten your morning commute, you might notice a change in your premiums. Whereas one insurer may consider the shorter commute safer, another may be concerned about traffic levels in the city.
Not Paying an Old Bill
Perhaps it was 5 years ago when you were less financially responsible than you are today. Even though you have already paid and moved on from the late payment you made on an old loan, your credit report could still be telling tales of your past. Unfortunately, many Arizona insurance companies consider your credit score when formulating an auto insurance quote. While most delinquencies will eventually age off of your credit report, you could pay a higher premium until they do.
Driving a Small, Sporty Car
While insurers will vary in their premium adjustments by vehicle, most will generally charge more for powerful, high-performance cars designed to reach fast speeds. Keep in mind, however, that it doesn’t have to be a shiny new, red sports car; insurance companies may charge you more even if you drive a zippy little four-seater that gets great gas mileage. A two-door 2015 Honda Civic Coupe costs an average of $1,415 to insure in Arizona compared to a four-door 2015 Honda Crosstour EX, which averages just $1,060 in annual premiums.
Few people fit the ideal profile for the lowest auto insurance premiums. However, that does not mean you have to settle for higher rates. At Mooney Insurance Agency, we help Tucson area customers compare Arizona car insurance quotes from multiple leading providers, each of which places differing weight on various types of risk. For more information or to request your free quotes, contact us today.