Why your car insurance may be skyrocketing. The Insurance Information Institute says since 2009, the average annual U.S. car insurance premium is up more than 17 percent to $926.
Thinkstock photo (Photo: monkeybusinessimages)If you haven’t noticed your car insurance rates skyrocketing, you probably will.
Foster also recommends asking your insurance company whether they use a device you can put in your car to show you’re a safe driver.
The Insurance Information Institute estimates driverless cars are still about 15 years out.
You need to have a conversation once a year with your auto insurance company and say am I getting the discounts I’m entitled to,” says McChristian.
Five simple ways to beat soaring car insurance premiums. The average annual car insurance bill is expected to hit a record high of £800 this month, according to comparison website compare the market.
For example, Top cash back is rewarding drivers taking out Co-op car insurance until Sunday 4 June with £50 cashback.
Switching car insurance three weeks before the renewal date yields the optimal saving, says comparethemarket.com.
Yet despite the rapidly rising cost of car insurance, drivers are turning their backs on the easiest way to make significant savings by sticking with the same provider each year.
Once you’ve identified a suitable insurance policy, find out if you could earn cashback by purchasing it through a website such as Top cash back.co.uk or Quidco.
The surprisingly easy car insurance trick that can slash your premium by £400 a year
Yesterday, Comparethemarket.com warned that the average car insurance policy could hit an average of £800 a year next month.
The rising cost of car insurance has been blamed on the increase in IPT and changes to the way compensation is calculated.
In February, the lord chancellor, Liz Truss, announced the increase and at the time experts said it could add around £75 year to car insurance bills.
“Some drivers may assume that admitting this will increase the cost of their car insurance, but in many cases the opposite is true.
Amanda Stretton, motoring editor at Confused.com, said: “One of the checklist items when insurers are trying to calculate a driver’s car insurance premium is whether or not they have access to another vehicle, such as their partner’s car or a work car.
collected by :Olivia Mathio