Various factors affect your auto insurance premium. It is calculated on the risk factor in a certain population so the higher the risk, the higher their car insurance rate will be. The more you know what factors affect your car insurance rate, the more chances of getting cheap motor insurance.
Age-young drivers under the age of 25 has a higher risk of being involved in an accident compared to experienced drivers above this age group.
Gender-It is said that female are safer driver than male drivers
Geography-where you live matters when it comes to motor insurance. Those who live in location with little or no traffic are likely to get cheap motor insurance than those living in suburbs because areas with a lot of traffic tend to have more car crashes. Some locations also have a higher vehicle insurance rate of automobile thefts that may cause higher vehicle insurance premium.
Type of Vehicle-owning a sports car will get you to a very expensive insurance
Driving Violation-having multiple traffic infraction (speeding tickets, DWI, reckless driving, etc.) on your driving record, the higher auto insurance premium you will get
Driving Experience
Miles driven each year
Safety Device features- this can save you on your motor insurance rate
I suggest that you shop around and compare auto insurance quotes from different motor insurance companies. There are some auto insurance websites that place all the top auto insurance providers on one website so it would be faster and easier for us to compare auto insurance quotes. Car insurance companies base their auto insurance on their car insurance claims experiences. Other insurance company may see your geographical area as a higher risk while some insurers may not. Some insurance providers may charge more due to your occupation, other insurers may not. Therefore it is best to shop around and check which vehicle insurance provider best suit your needs.
Age-young drivers under the age of 25 has a higher risk of being involved in an accident compared to experienced drivers above this age group.
Gender-It is said that female are safer driver than male drivers
Geography-where you live matters when it comes to motor insurance. Those who live in location with little or no traffic are likely to get cheap motor insurance than those living in suburbs because areas with a lot of traffic tend to have more car crashes. Some locations also have a higher vehicle insurance rate of automobile thefts that may cause higher vehicle insurance premium.
Type of Vehicle-owning a sports car will get you to a very expensive insurance
Driving Violation-having multiple traffic infraction (speeding tickets, DWI, reckless driving, etc.) on your driving record, the higher auto insurance premium you will get
Driving Experience
Miles driven each year
Safety Device features- this can save you on your motor insurance rate
I suggest that you shop around and compare auto insurance quotes from different motor insurance companies. There are some auto insurance websites that place all the top auto insurance providers on one website so it would be faster and easier for us to compare auto insurance quotes. Car insurance companies base their auto insurance on their car insurance claims experiences. Other insurance company may see your geographical area as a higher risk while some insurers may not. Some insurance providers may charge more due to your occupation, other insurers may not. Therefore it is best to shop around and check which vehicle insurance provider best suit your needs.
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