Why Your Car Insurance Is So Expensive
If your car insurance is more expensive than you think it should be, you might wonder — why? Your age, driving record, credit score, location and chosen provider can all impact your premiums. While some of these factors are out of your control, there are steps you can take to reduce your costs.
Updated: March 22, 2023
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On This Page:
- Why Your Rates Are High
- How to Make Insurance Cheaper
- How Companies Drive Insurance Rates
- How Coverage Drives Insurance Rates
- How Credit Drives Insurance Rates
- How Your Record Affects Rates
- Why Can't I Make Insurance Cheaper?
- How Age Affects Insurance Rates
- How Location Factors In
- How Car Type Factors In
- Read More About Car Insurance
About Mark Fitzpatrick
Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.