Behavioral choices that can lower your insurance rates

June 20th, 2011
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The myths surrounding the cost of your insurance rates have been around for decades. Many believe the color of your vehicle may influence how much you pay for insurance, but the truth for most insurance providers is they do not ask you for the color of your vehicle when calculating your insurance quote. The cost of insurance is determined by age, sex, location, driving history, credit score and your vehicle. These are all factors that cannot be changed easily, but your driving habits can be altered to lower your risk of being involved in an accident. Insurance providers calculate the cost of your insurance rate with the estimate that you will file a claim for a collision about once every 17.9 years. In order for the insurance provider to make a profit off of you as a driver, they need to determine how likely it is that you will be involved in an accident above the average and in turn cost the insurance companies more money.

Every time you are involved in an accident, your insurance provider reevaluates your policy and determines if they are to raise your premiums. The best way to lower your insurance rates and stay below the average collision reports is to driver smarter and safer. There are various way to avoid a collision, here are some of the behavioral choices you can make to stay safe.

Don’t drive impaired

No single factor is more likely to cause an accident than driving under the influence of drugs or alcohol. One-third of all accidents within the United States, roughly 10 million accidents of all kinds each year, are caused by drunk drivers, according to the National Safety Council.

Stay off the road during dangerous times

Although you may assume the most dangerous time on the roads and most likely time to be involved in an accident are during the commute home or during rush hour, but according to the National Highway Traffic Safety Administration, the deadliest time on the roads are between midnight to 3:00 a.m. on Saturday and Sunday. During those times, 66 percent of accidents involve alcohol-impaired drivers.

Stay of the road during bad weather

The winter season can be a dangerous time to drive with accidents caused by wet road conditions increasing in winter by 267 percent. With wet roads or snowfall, staying off the roads can take the risk of being involved in an accident out of the equation. If you must drive during times of bad weather, remember to drive slowly and increase your stopping distance.

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