state may offer a low-cost insurance plan. Also, your credit score is always a factor when it comes to premium costs, so
to lower your payments, do your best to keep that score as high as you can! Another way to potentially save some money is by allowing the insurance company to do an automatic withdrawal when your bill is due. This is called an electronic funds transfer (EFT), and some insurance companies offer a discount if you pay this way. Your insurance company may also
PRO TIP: CREDIT SCORE SCRUTINY Insurance companies run what’s called a soft hit on your credit score. Thismeans it won’t hurt you when they pull your insurance, so go ahead and ask for multiple quotes — it could very well be what ends up getting you that savings you’re after.
offer a discount if you pay the premiums in full. One last trick is to ask your insurance company to rerun your insurance score. If your credit score has increased, or old accidents, driving violations, or claims have reached their time limit and are longer on your record, your insurance score will probably go up, meaning your premiumwill probably go down. Modern technology can also play a role in your insurance premiums, although in a more indirect way than the other things I’ve listed so far. I’m sure you know texting while driving is dangerous, but do you know it’s the same thing as having a blood alcohol level twice the legal limit? The National Highway Traffic SafetyAdministration states that over 3000 people are killed each year due to distracted driving, and if you text while you’re driving, your possibility of being in a crash is 23 timesmore likely. This is why so many states have either partial or total bans
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