The rate you pay for car insurance is affected by more than your age and driving record. Here are four surprising factors that can impact your wallet: 

  • First: Credit score. The lower the score, the higher the premium. Statistics show that people with lower credit scores are more likely to get into accidents. The reason: People who are responsible with their money also tend to be more responsible behind the wheel. 

  • Another surprising factor that can bump up the cost of car insurance: Home insurance claims. And here’s the kicker: The list can include payouts to previous owners. When we apply for auto insurance, the company checks to see if there’s any storm or flood damage associated with our address, because they know that the next big weather event could damage our car. 

  • What else impacts car insurance rates? The size of the car’s engine. Sure, you’d expect to pay more to insure a supercharged roadster, but even with a family sedan, it costs more to insure a six cylinder engine than a 4 cylinder one.

  • Finally: Car insurance rates are impacted by ZIP code. Moving to another ZIP code, even if it’s just across town, can change our rates by more than 40-percent. That’s because areas with higher crime rates, or a lot of traffic fatalities, are considered high-risk, and the people who live there pay more for car insurance.