3 Facts About Auto Insurance No One Tells You

Even though auto insurance is something every driving adult should have, it isn’t always easy to navigate. A lot of rules and details go into your insurance policy. If it’s your first time searching for quotes, you might be taken aback by all the things you didn’t know about auto insurance. Fortunately, it just takes a little research and experience to learn everything you need to know about your insurance policy. Gain the knowledge you need to obtain the best policy possible with these facts about auto insurance no one tells you.

Letting Your Insurance Lapse Could Cost More

Auto insurance is all about determining how risky you are as a driver. If an insurance provider sees you as more of a risk, they’ll charge you more for your policy. Most insurance companies view uninsured drivers as a high risk. Whether you let your policy expire or you simply forgot to pay your monthly bill, that lapse of coverage can lead to insurance companies charging you more in the future. Even if you’re just switching to a different policy, make sure your new policy is active before canceling your current insurance.

How SR22 Insurance Works

Many of the facts about auto insurance no one tells you revolve around SR22 insurance. This is because many people go through their adult lives without ever needing SR22 coverage on their insurance policy. However, if you do find yourself facing an SR22 requirement, it’s important to have all the facts. Many states require SR22 insurance after a DUI or other major traffic violation. The SR22 assures the state that your auto insurance policy meets their minimum liability requirements. Like many aspects of auto insurance, the specific details of the SR22 vary from state to state. For example, SR22 insurance in California will look a little different than an SR22 requirement in Colorado. It’s important to learn more about how the SR22—and auto insurance in general—works in your state.

A Lot of Factors Affect Your Premium

You probably already know that your driving record and the type of vehicle you own factor into your auto insurance rates. However, this isn’t the only information insurance providers look at. Every company is different, but many auto insurance providers take your credit reports, marital status, and where you live into consideration when building your policy. Your age and gender also influence your premium. Insurance providers might also ask for an estimate of how often or how far you drive your car. All these details can influence the final price of your policy, which is why it’s important to shop around and get quotes from several different providers.