Insuring our vehicles is becoming more and more important everyday.
In some countries it's enforced by law while in others too it's becoming essential due to increasing cases of road accidents.
Realizing the opportunity, insurance companies are presenting new jaw-dropping offers and schemes everyday.
When those schemes are presented with a tag of "Limited time offer", we sometimes get almost ready to purchase them on the spot.
However, this tendency can cost a lot sometimes.
We should always do some research before buying a vehicle insurance because wrong insurance can leave us in trouble.
So in this article I'm presenting three facts of vehicle insurance that no agent or company will tell you ever.
Keep these in mind while choosing your insurance provider:

1. Your credit affects the quotes that you get: Your credit score affects insurance quotes that company offers you.
   You may not believe this thing, but insurance companies can predict very well that how much are your chances of filing a claim in future by looking at your credit score.
   That's why they dig deeper for finding this information.
   
2. Brand loyalty sometimes costs a lot: If you've too much trust on the brand of a particular insurance provider then you're certainly going to waste a lot of money in the future.
   Look at it this way: years ago insurance providers used only a few factors for determining your premiums and rates.
   Today the list of those factors has grown indefinitely, which sometimes makes huge differences in the rates of companies.
   So instead of renewing your policy automatically, do a comparison of insurance providers at least once in a year for finding out the company that's offering best rates.
   Lower rates don't always mean poor services and facilities.
   You just need to be careful while switching.
   
3. Thinking of stopping the payment? You may end up paying more in the long run: If you're thinking about stopping the payment for switching insurance provider, think again.
   When your policy terminates, company may report about you to credit bureaus for stopping payment.
   This thing will hurt your credit score.
   For worsening the scenario, a cancellation will be added to your insurance history due to which new companies may either refuse your application or may charge high rates for providing insurance.
   So if you want to switch, instead of stopping payments do the necessary paperwork for saving yourself from paying in the long run.