BEND, Ore. – One of the top Central Oregon Car Insurance questions that many drivers have is why do car insurance rates fluctuate?
In this article, I will answer this question and offer you some tips on how you can save money on car insurance.
Reasons Why Insurance Rates Fluctuate
Car insurance rates are like any type of insurance policy, they can fluctuate for a wide variety of reasons including:
- Change of address.
- Your location.
- Crime rate where you live.
- State of the economy.
- Time of the year.
- Any recent car accidents or injuries that you might have had.
Understanding the Car Insurance Quote versus the Rate
One of the most frustrating things for consumers, when they apply for a new Central Oregon Car Insurance policy, is when they realize that their quote they received is actually different than the rate they have to pay. This happens for a variety of reasons including missing data or information from a driver’s car insurance application like accidents that were not reported or moving violations.
Another factor that can lead to a fluctuation between the quote and the actual rate a driver has to pay to include the results from the Comprehensive Loss Underwriting Exchange (CLUE) which provides a car insurance company with a snapshot into the drivers claim and driving history. If the information the driver provided when they signed up is different than what’s reported by CLUE this could lead to a premium adjustment.
Tips for Saving Money on Car Insurance
#1 – Report accurate information when you sign up for your car insurance policy.
#2 – Drive fewer miles per year and carpool if you’re able to.
#3 – Park in a garage or safe, well-lit, area at night.
#4 – Don’t use your personal vehicle for business.
#5 – Ask for discounts like “safe driver” and “good student” when you sign up for Central Oregon Car Insurance.
Get a Central Oregon Car Insurance Quote
For an affordable Central Oregon Car Insurance quote contact the Farnsworth Agency today by calling us at (541) 318-8835 or click here to connect with us online.