{"id":3429,"date":"2015-08-31T15:44:03","date_gmt":"2015-08-31T22:44:03","guid":{"rendered":"https:\/\/www.costulessdirect.com\/?p=3429"},"modified":"2015-08-31T15:44:03","modified_gmt":"2015-08-31T22:44:03","slug":"3-factors-that-completely-change-your-car-insurance-rates","status":"publish","type":"post","link":"https:\/\/www.costulessdirect.com\/blog\/3-factors-that-completely-change-your-car-insurance-rates\/","title":{"rendered":"3 Factors that Completely Change your Car Insurance Rates"},"content":{"rendered":"

When you go online to shop for auto insurance<\/a>, all of the rates you\u2019re comparing are generated by an algorithm that takes many factors into account. Everyone\u2019s algorithm works a little bit differently, but there are a handful of metrics that almost every insurance company <\/a>looks for including your credit history, coverage history, and CBIS<\/a>.<\/p>\n

If you\u2019ve never heard of a CBIS before, you\u2019re not alone. CBIS stands for \u201ccredit-based insurance score\u201d, and it\u2019s a number completely separate from your credit rating. This number is used to determine your overall risk \u2013 motorists with repeated violations have a less favorable score \u2013 but that\u2019s not to say your credit score isn\u2019t a factor. In fact\u2026<\/p>\n

Bad Credit can be a Major Setback<\/strong>
\nWhen you\u2019re discussing a new insurance policy<\/a> with an agent or entering your information into an online form, you\u2019re essentially being evaluated for reliability. While your skill as a motorist is an extremely important risk factor, your credit score displays your ability to adhere to previous financial commitments, and if you can\u2019t commit, that makes you a bigger risk. Have your car insurance quotes <\/a>seemed a little steep? Your credit score could be to blame!<\/p>\n

Your History with Other Insurers Matters<\/strong>
\nWhen you sign on with an insurance company, most companies are looking for a commitment. Clients that regularly drop coverage or don\u2019t make their payments aren\u2019t good for business, so if an insurance company determines that you have a spotty history of coverage, your rates could increase. Again, it comes down to your overall risk factor \u2013 if you\u2019re more likely to drop coverage or experience a collision, you\u2019ll likely have to pay more.<\/p>\n

Your State has its Own Rules<\/strong>
\nInsurance laws differ dramatically across state lines, and it\u2019s always a good idea to read up on your state\u2019s individual policies. You may find that not all states are allowed to use the CBIS to determine client risk factors, but we\u2019re just scratching the surface of what could be considered. Depending on your state, your past violations could lead to higher rates, and some insurance companies may refuse you altogether.<\/p>\n

Luckily, all of this can also work for you benefit. Are you an exceptionally safe driver? Do you have a history of insurance without many lapses in enrollment? Then all of that information may be considered by an insurance company, indicating that you are a lower risk. Your rates are directly tied to your risk factor, so building a history of reliability is the most important thing you can do.<\/p>\n

Buying insurance for the very first time or looking for a California auto insurance policy that won\u2019t break the bank? Give us a call or click today <\/a>\u2013 we have agents standing by, ready to answer your questions and walk you through the process of choosing and buying an insurance policy that fits your lifestyle, needs, and budget. Don\u2019t settle for bottom-of-the-barrel insurance scams \u2013 give us a call or click today and rest assured that you\u2019re not just getting the cheapest insurance policy<\/a> \u2013 you\u2019re getting the insurance policy that makes sense to you.<\/p>\n","protected":false},"excerpt":{"rendered":"

When you go online to shop for auto insurance, all of the rates you\u2019re comparing are generated by an algorithm that takes many factors into account. Everyone\u2019s algorithm works a little bit differently, but there are a handful of metrics that almost every insurance company looks for including your credit history, coverage history, and CBIS. […]<\/p>\n","protected":false},"author":1,"featured_media":3430,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[119,188,508],"acf":[],"_links":{"self":[{"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/posts\/3429"}],"collection":[{"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/comments?post=3429"}],"version-history":[{"count":0,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/posts\/3429\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/media?parent=3429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/categories?post=3429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.costulessdirect.com\/blog\/wp-json\/wp\/v2\/tags?post=3429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}