Car insurance rates are increasing all over the country. Louisiana has been hit hardest by the rising rates, but Colorado is also getting up there. Since 2011, drivers have had to contend with a nearly 50 percent increase in rates around the United States. Part of this is due to the increase in car accidents as a result of distracted driving from smartphones. However, if you are a savvy shopper, then you can keep your rates down. One strategy to implement is to shop around for new policies frequently.

    1. Insurance Agencies Change Rates

    The premiums for an auto insurance policy may vary wildly depending on the time of year you go looking. For example, you will likely see higher rates if you look for insurance during tornado season because there is a greater likelihood your vehicle will sustain damage in the near future. It is for this reason you should look at different auto insurance policies once every six months. You will be amazed at how much you can save by waiting a few months.

    2. You Experience Lifestyle Changes

    Perhaps you used to have a daily commute, but now you work from home. Lifestyle changes such as this one are a great reason to look into new insurance policies. If you do not use your car as often, then you may be able to save a ton on your premiums. Additional life events can include putting someone new on your policy, such as an in-law or moving to a new house.

    3. Traffic Violations Fall Off a Record

    A traffic ticket is not going to stay on your record forever. When it eventually falls off, which typically takes between three and five years, you should absolutely shop around for car insurance again. You will be amazed at how much more affordable auto insurance is when you have a clean driving record.

    4. Your Car Depreciates in Value

    You can expect to have a high premium for a brand-new vehicle because it is going to cost the insurance agency more money should it sustain damage. However, as the years go on, your car loses value. That means if something needs to be done, the insurance agency probably will not have to pay as much. Reassess your vehicle on an annual basis to see if your insurance provider can give you lower rates.

    5. New Customers Sometimes Get Better Rates

    Being a new customer does not necessarily mean you have never had auto insurance before. It simply means you are new to the agency. In an attempt to get your business, some companies offer attractive rates for people who want to switch providers. For this reason, it is worth it to look at new policies once every six months just to see what is out there.

    It only takes a small amount of time to look through various insurance policies. Even if you only save $50 a month, those savings add up over time. When you shop for new car insurance, you just need to make sure you get all the coverage you had in your previous policy.