How to Prevent Your Car insurance From Increasing
Tips on Safe Driving to Prevent California Car Insurance Increases
Factors That Contribute to an Insurance Rate Increase
There are various factors that contribute to your insurance rate increase, including:
- The cost of operations – The primary factor is the actual cost of operating an insurance company. This will keep increasing as more insurance policies are established, more claims are submitted, and more employees are needed to maintain the workload.
- The amount of drivers on the road – Determining the amount of drivers on the road is considered as another factor because there are additional policies along with more business for insurance providers than ever. This also creates greater chances of an accident or claim situation arising.
- The area where you garage your vehicle. The area in which you garage your vehicle can play a role in affecting your premium rates. If an individual is living in an area that is connected to vandalism or theft, their rates may potentially increase to offset any possible losses.
Some factors that may lead drivers to deal with an increase in their premium rates include:
- Insufficient level of experience with driving.
- Operating an unsafe vehicle.
- Not obtaining valid insurance.
What Can You Do to Lower Your Insurance Rates?
A simple way to control your insurance rates is to manage your driving behavior. Driving safely and avoiding accidents can create a positive impact on your driving record, thus affecting your premiums on a long-term basis.
Another method to help manage your rates is to shop around for coverage. There are providers that offer lower rates compared to others. Do not share your coverage too often because it could be detrimental. Try to compare quotes once a year or so and keep exploring pricing and coverage options.
If you believe that you could get a good deal by switching to another provider, make sure it is a long-term commitment. Continuously changing to a new provider each time you find a better offer will not reflect well on you.
You may also want to try carrying a higher deductible on your policy. This will help lower your rates, as well. A deductible is the amount of a claim you’re required to cover. Typically, it is deducted from claim settlements you are offered. If you can afford a higher deductible, then you will be covered for that much of any claimed loss, which in turn will reduce the costs to your insurance provider.
Choosing Your Insurance Provider
According to the Insurance Information Institute, the United States has a total of 203 million private passenger vehicles that are insured. California is the top state with the most insured drivers, which is 26.3 million. However, there are about 15.2 percent Californians who are on the road without insurance. The state encourages drivers to have car insurance in case of an accident. For those who are uninsured or are new to driving, it is important to know what to look for when making the decision to select an insurance provider that best suits your needs. These factors include:
- Licensing – Pay attention to companies primarily licensed in your state. It’ll be convenient to rely on your state insurance department to assist you with any problems you endure.
- Financial Solidity – It’s important to ensure that you are working with a company that has good financial structure and has been around for many years. Selecting the most appropriate one to fit your needs will help protect you financially while also giving you a peace of mind.
- Service – Make sure you choose a company that has their services available to assist you with any questions or concerns you may have regarding what they offer to their clients. They must handle claims fairly and effectively. To get an understanding of how to make this selection, directly ask those who have previously worked with the insurance companies you are interested in to understand what it is like to use their services. Also, your state insurance department has the capability of providing you with information on whether or not the insurance company you are thinking about doing business with has had any previous complaints about the way they handle their services.
- Comfort – Working with an insurance company requires a sense of comfort to make sure you are being represented fairly and that you trust them to help you with any problems you may be dealing with.
Economic damages are intended to compensate a plaintiff for losses that a dollar amount can readily be attached to. Economic damages are calculated by determining the amount of out-of-pocket losses an aggrieved individual has or will expect to incur as a result of their injuries.
A few examples of economic losses include:
- Loss of Earning Capacity
- Medical Bills
- Lost Wages
Non-economic damages are essentially intended to cover losses that are thought of as subjective and will not necessarily cover out-of-pocket losses. Non-economic damages may include compensation for:
- Emotional Distress
- Pain and Suffering
- Loss of Enjoyment ofLife
The third type of damages a California court may award are known as punitive damages. Punitive damages are intended as punishment and are only awarded when a defendant’s behavior is especially harmful. Punitive damages are relatively rare and in fact are only incorporated in 5 percent of all verdicts.
West Coast Trial Lawyers Is Here to Help
West Coast Trial Lawyers will not charge you for a consultation. Our clients are represented on a contingency fee basis. If we do not win, you owe us nothing. There is no financial risk to prevent you from reaching out. Our qualified personal injury lawyers are highly-trained and have extensive experience with cases that are similar to yours. We are committed to helping you resolve your legal issues as quickly as possible while receiving the best results.
If you or someone you know has been the victim of emotional distress from an injury, reach out to our legal team 24 hours a day by calling us at (213) 927-3700 or emailing [email protected]
Read More About Car Accidents
Our excellent team of car accident attorneys have created several resources for you to read through. Feel free to browse these topics and read the ones you would like to learn about more.
- 7 Crucial Steps To Take After a Car Accident
- Car Accident Victim Compensation
- Uninsured Car Accidents
- How a Car Accident Attorney Can Help
- Accidents and Injuries by Aggressive Drivers
- Accidents and Injuries by Distracted Drivers
- Accidents and Injuries by Drowsy Driving
- Accidents and Injuries by Impaired Drivers
- Accidents and Injuries by Drunk Drivers
- Accidents and Injuries by Inexperienced Drivers
- Accidents and Injuries From Speeding
- Head on Collision Considerations
- Multi Car Collision Considerations
- Rear End Collision Considerations
- Side Impact Collisions
- Car Accident Injury Types
- What to Do After a Hit and Run Collision
- Comparative Negligence – Seat Belt Law in California
- Common Types of Car Accident Injuries
- DUI in California
- Multi-Car Collision
- How to Determine Fault in a Car Accident
- 50/50 at Fault Car Accident
- Car Accident – No Police, No Insurance
- How Can I Stop My Insurance From Increasing
- Whether to File an Auto Insurance Claim or Not
- Compensation for Lost Wage From a Car Accident
- Car Accident Recovery Tips
- No Fault Car Accident
- Legal Guide to Own a Classic or Custom Car in California
- Poor Road Maintenance – Can I sue the City for My Car Accident?
- Los Angeles Traffic, Accidents, and Safety Tips
- Car Accidents While Driving a Rental Car
- Who Pays Medical Bills After a Car Accident
- Car Accident Property Damage Settlement Guide
- Loss of Consortium
- Car Insurance Law for New California Residents
- Med Pay Auto Insurance
- Filing a Car Insurance Claim in CA
- California Sees Speeding Double Due to Coronavirus: It’s Impact on Insurance
- Can I Change My Car Accident Lawyer?
- Should I Hire a Lawyer for a Minor Car Accident?
- Why Do I Need a Lawyer After a Car Accident?
- Single Vehicle Collisions
- Most Common Types of Serious Auto Accidents
- California Car Accident Statistics
- Rollover Accidents
- Drag Races in California Road During Coronavirus
- Weather Conditions and Car Accidents
- What Happens If I’m Injured in an Accident While Visiting California?
- Psychological Injuries After a Car Accident