1. You Car Insurance’s History
The longer your history of having insurance coverage and if you had policies with better coverage, then you won’t pay too much for auto insurance. For example, if you were at fault in an accident that resulted in a person getting injured, but your coverage limits were high, then the insurance companies will believe you are responsible. They’ll look at you being more responsible than someone who has had the lowest coverage possible.
If you want to see savings, then you should have a history of carrying at least $100,000 of bodily injury coverage for the last five years, and you’ll want to have had a history of carrying $300,000 per collision. If you meet that criteria, then you can expect to pay around $182 less annually for the same policy as a person who has a history of not having any insurance coverage.
Furthermore, if you’ve lapsed in coverage, then this could cost you. It doesn’t even matter if you lapsed for a few days. This is considered risky behavior.
Do bear in mind that California residents have an exception. It’s the only state that doesn’t take a person’s history of coverage into consideration. California residents don’t have to worry about their history playing a role in how much their auto insurance premiums will be.