How to Make Your Auto Insurance More Expensive

Last Updated on April 3, 2020

Nobody wants more expensive auto insurance premiums, right?  In this article, we will outline some of the best ways to increase your auto insurance rates, so you will know what NOT to do when it comes to your car insurance.

It’s common knowledge that the best ways to raise your auto insurance premiums significantly are to cause an accident, get a citation for speeding or be convicted of driving under the influence of drugs or alcohol. There are, however, a few traps that many people do not consider.

Those of you who like to tinker with engines or are attracted to partners who are bold risk-takers, take note.

How to Make Your Auto Insurance More Expensive

Faster Cars May Equal Higher Premiums

You may know that a vehicle with a larger, high-powered engine is going to cost more to insure than one with a smaller, low-powered one. What gearheads may not realize is that when you increase the power of an existing engine and raise its horsepower – whether it’s with high-performance heads, turbochargers, high-flow exhaust systems or all of the above – it’s going to cost you one way or another. Now, it’s doubtful that your insurance agent is going to be able to discover on his/her own that you’ve made substantial modifications to your vehicle – that is, until you file a claim.

Here’s the main issue: in many cases, the value of such parts that are used to modify an automotive engine is actually worth more than the vehicle. If the vehicle is in a collision and you file a claim, your insurer is going to pay you for the declared value of your loss, i.e., what you originally stated when you took out the policy. Any loss related to parts used to modify the vehicle will not be covered. Incidentally, this also applies to cosmetic modifications such as fender flares, spoilers, tinted windows, etc.

Your Wild, Fast Driving Spouse

Ladies, I know he’s rugged, handsome and adventurous…he plays by his own rules, is not afraid to take chances and loves the thrill of speed. However, before you marry him, check out his driving record. If he has a history of traffic violations – particularly reckless driving – or has caused a number of accidents (even minor ones), that’s going to reflect on you. That means you can expect your auto insurance to go up – by as much as 100% when you add such a driver to your policy.

Choose Your Vehicle Carefully

They’re sexy and fun to drive – but they’re not only expensive to buy, but they’re also extremely expensive to insure. We are talking about high-performance sports cars, such as the Porsche, the Corvette, the BMW Z-4 and others. There are a couple of reasons for this; actuarially, people who drive these types of cars tend to engage in riskier driving habits. Not surprisingly, those who own such vehicles have historically filed more claims.

If you want thrills and can afford it, by all means, buy yourself a sports car. If, on the other hand, you are a thrifty and cautious person for whom an automobile is simply a conveyance for getting from Point A to Point B and you want to be able to do this in the most cost-effective manner possible, go with a four-door economy sedan with lots of safety features.

James Shaffer
James Shaffer James Shaffer is a writer for and a well-seasoned auto insurance industry veteran. He has a deep knowledge of insurance rules and regulations and is passionate about helping drivers save money on auto insurance. He is responsible for researching and writing about anything auto insurance-related. He holds a bachelor's degree from Bentley University and his work has been quoted by NBC News, CNN, and The Washington Post.
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