Helpful hints for buying car insurance

(NBC News) There are some new things you need to know about car insurance. Chances are you’ve been assuming a lot, and therefore paying a lot more than you really should.

We all know that the younger the driver, the higher the rates, but being a young homeowner can reduce your bill.

“Home ownership does matter,” says Laura Adams of “What that means is the insurance company sees you as a little more responsible”

There’s a lot of confusion over how much influence drivers have in setting rates. Education level is one factor.

“Someone with a master’s degree may get more favorable rates than someone with just a high school diploma,” Adams notes.

Income, she says, doesn’t matter that much, but your credit history does regardless of income bracket.

“Even folks with low income can have good credit. They don’t have to be interrelated,” Adams says.

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