Almost 60% of drivers believe they’re paying too much for auto insurance, according to a survey from Forbes Advisor. But how do you know if you’re paying too much for car insurance?
When you apply for a car insurance policy, the insurer looks at many different factors to determine your premium. Rates are personalized based on your location, age, credit score, and driving record, among other things. To figure out if you’re paying the lowest rate possible, it’s important to shop around and compare rates from multiple companies.
In this guide, we’ll help you understand whether your auto insurance premium is too high and share some tips that may help you stop overpaying for car insurance.