Your car is a valuable asset that you should protect. You should shop around to find the best baltimore insurance policy at the best possible price. How do you choose the right company?
Here's a look at the factors that can affect your Baltimore car insurance rates.
The cost of insuring your vehicle depends on several different factors, including your age and driving record. You can also get a discount if you live in a particular state or city.
Baltimore car insurance is also available at a discount. These discounts can be found easily, while others may require some research.
While discounts may not be the most economical way to reduce your premium, they are a good alternative to paying for full coverage. Here are some of the most common ways to save money:
Safe Driver Program
Maryland mandates that insurance companies offer a discount of 20% to drivers who hold a valid license for at least three years and have not been involved in any accidents or injuries. You can earn this discount by completing a safe driving course.
Telematics
You can enroll in a telematics service if you own a smartphone. This allows insurance companies to track your driving behavior. The monthly fee is a bit steep, but can pay off in the end.
Combine your home and auto insurance with the same company
Bundling home and auto insurance together with the same provider can save you up to 15%. This is especially the case if renter or you are a college student.
Ask about discounts for multiple-car purchases
Addition of more than one vehicle to your policy is another way to reduce your premium. If you have at least two cars, you can qualify for discounts. And you may even be able to get more discounts if they are of a different model.
How your credit score can affect your rates
Bad credit will cost you more money for insurance. The average Baltimore driver who has excellent credit is able to save up to 14 percent on car insurance when compared with someone with average credit or poor credit.
It is best to talk to an insurance expert to determine how your credit history will affect your rate and to compare rates. You can make a more informed decision on which insurance company and coverage you want to buy once you know what you can afford.
Baltimore auto insurance rates can be affected by your driving record. Those with clean records typically pay less than those with speeding tickets or other violations, and it's best to keep your record clean as much as possible to secure the lowest rates.
Baltimore's rates can also be affected by what type of car that you drive. Sports cars and luxury cars are more likely than other vehicles to be involved with accidents or thefts. This can increase your insurance rates.