Did you know it’s illegal in all fifty states to operate a motor vehicle without liability insurance? Unfortunately, the price of this coverage can sometimes put it out of many people’s budgets. There are a few things you should know about how the prices for auto coverage are figures and how you can help lower your premiums.

#1 You Have a Moving Violation

Even one speeding ticket can affect your premiums for years to come – as many as five years! By the time the ticket comes off your driving record, you could have already spent thousands more than someone without that conviction. The best thing is obviously to avoid getting the ticket. However, if you do receive a ticket, then you should consider hiring an attorney to get it dropped down to a nonmoving violation.

In the event the ticket was related to a DUI, then you’re going to be required to carry SR-22 coverage, which is for high risk drivers. This is exceptionally expensive. It really does pay to not drink and drive!

#2 You Have a High Performance Car

Everyone knows that the faster cars cost more to insure. If you do have some blemishes on your driving record, then you may want to drive a vehicle that doesn’t fall into the high performance category. Additionally, if you have a vehicle that has aftermarket parts, you will pay more, too. You might see a savings if you garage your vehicle or if you have an anti-theft system installed.

#3 You Have Teenage Drivers

Teens are the most expensive group to insure, especially males. Typically, they are more likely to have an accident that was caused by their actions. There are discounts available for safe driving courses, good grades, and other responsible behaviors. If your teen has a tendency to speed, hotrod, or for other unsafe driving actions, then it’s time they understood just how expensive their insurance is. Perhaps it’s time they foot the bill themselves!

In Closing

There are several other reasons why you may be paying too much for your car insurance. Speak with your agent to see if there may be additional discounts that you weren’t aware of. These might include placing your homeowners and auto coverage with the same company, safety features, such as anti-lock brakes and daytime running lights, raising your deductible amounts, or even limiting who drives your vehicle. While you certainly don’t want to drive with this coverage, there are steps to take to make sure you pay the lowest price possible.