Your car is one of your most expensive assets, and you need to protect it. To get the most coverage for the lowest cost, it is a smart idea to compare prices on baltimore automobile insurance. How do you choose the right company?
Here are some factors that could affect the cost of your Baltimore automobile insurance.
The cost of insuring your vehicle depends on several different factors, including your age and driving record. Your home state and the city you live in also play a role.
In addition, there are many ways to save on Baltimore car insurance. These discounts can be found easily, while others may require some research.
It's not always the best option to save money, but discounts can be a good way to avoid paying full price. Here are some of the most common ways to save money:
Safe Driver Program
Maryland requires insurance companies to offer a 20% discount for drivers with no tickets or accidents on their records who have held a license for three years without at-fault accidents or injuries. You can earn this discount by completing a safe driving course.
Telematics
You can use your smartphone to sign up for an insurance company telematics tracking program. The monthly fee is a bit steep, but can pay off in the end.
You can bundle your home and auto policies with the same provider.
Bundling home and auto insurance together with the same provider can save you up to 15%. This is particularly true for students or renters.
Ask for discounts on multiple vehicles
You can also lower your insurance premium by adding more than one automobile to your policy. You could qualify for a discounted rate if you have more than one car. If your cars are of different make and model, you might even receive additional discounts.
Your Credit Score Can Affect Your Rates
With bad credit you will pay more for insurance. In fact, the average Baltimore driver with excellent credit can save 14 percent on their car insurance compared to someone with average or poor credit.
Talking to an expert on insurance and comparing quotes is the best way to learn how your rating will be affected. After you've determined what you can pay for, you can decide which company you choose and which options you need.
Baltimore car insurance rates are also affected by your driving history. 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 rates are also affected by the car you drive. In general, sports and luxury vehicles have a higher risk of being involved in an accident or theft, and this can lead to higher insurance costs.