Top Factors That Affect Auto Insurance
Check the top factors that affect auto insurance rates and get a car free insurance online quote from our website. This will help you buy auto insurance online. Here’s the list:
- Demographic data. Your age, sex, and marital status will influence heavily the car insurance rates you’ll be offered. Statistically speaking, unmarried males are a higher risk of getting into car accidents compared to married people or women. This may be outside of your control, but it is still factored into determining your premium. Younger drivers are also considered a higher risk compared to older, experienced drivers. However, if you are under the age of 25, you can see if you can get a “good student discount” from your insurance provider. This can help you save money if you are able to maintain a certain grade point average in high school or college.
- Make and model of the car. If your car is lacking certain safety features such as anti-lock brakes or side airbags, this can affect the cost of your premium. Also, cars that are higher-end models or have rarer parts are more expensive to insure since replacement parts and materials tend to be pricier than standard automobiles. They also have a higher risk of theft compared to modest automobiles.
- Place where you live. Car insurance companies will look into the crime rate of your area in order to determine your risk. If you live in a densely populated area with higher rates of theft and vandalism, it could factor into the overall cost of your car insurance premium. Not only that, but a higher population means more traffic which means a greater risk of an accident. People who live in cities tend to pay higher premiums than those who live in rural areas.
- Driving history. This is arguably the biggest factor determining your car insurance premium. People who have violations on their driving record will likely face higher premium costs since you have a history of accidents, have unpaid traffic tickets, or have filed an insurance claim in the past. You are considered a higher risk than safe, accident-free drivers.
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