Wait a second? Why would I want to increase my car insurance premium? You don’t! That being said, many people have found themselves in this undesirable position. If you are not taking the steps towards lowering your premium, you may find yourself on the opposite end of the spectrum – and that is not a good place to be.

When it comes to your policy, your goal should be straight forward: to get the coverage you need at a price you can afford. Does it get any easier than that?

Here are 3 Things That will Definitely Increase your Car Premium

1. Receiving one moving violation after the next. When your provider sees you as a risk on the road they have no choice but to increase your premium. It is one thing to receive a single moving violation. It is another thing entirely to make this a habit. Don’t get into the habit of driving recklessly. If you do, and you are caught, you may soon find that your premium is sky rocketing.

2. Buying that shiny new car. There is nothing more exciting than buying a brand new car. From the shine to the new car smell, you are going to fall in love. But before you make a purchase, consider this: your premium is almost always going to increase.

To protect against something that you cannot afford, it is essential to request a quote from your current provider before buying the vehicle. At the very least, this will give you a better idea of how much of an increase you are going to face if you decide to move forward.

3. Being the cause of an accident. Money aside, you should do whatever you can to avoid accidents on the roadway. Even minor fender benders can be extremely dangerous to your health and the well-being of those around you.

When you cause an accident, your insurance company is forced to pay damages to the other party involved. Subsequently, you can be rest assured that your premium is going to increase in the near future.

With each accident comes an increase. Your provider has no choice, as this is the only way they can hedge the risk associated with insuring you.

Note: too many accidents could quickly lead to your insurance policy being canceled altogether.

Now that you are aware of three ways to increase your car insurance premium, let’s take a closer look at a few of the better options for saving money.

Keep Reading: Ways To Save Money On Your Policy