Several factors are taken into account when it comes to car insurance quotations. Though it may looked random, but the truth is a few factors are taken into consideration.
Below are some factors that count into car insurance quotes calculation:
Your Age
Statistically, young and inexperienced drivers have higher accidents rates. So that a teenager who just got his license will usually pay more insurance than those who are older and considered more experienced in driving a car.
The Use of Vehicle
Annual mileage is a factor here, as are daily commute mileage and whether your car is used for business purposes.
Of course, those with fewer miles will be less likely to have an accident compare with those who drive more often. In other words your car insurance will be lower when you use less of your vehicle.
The Type of Your Car
The average cost of repairs for your car model, including its safety statistics are taken into account when it comes to car and insurance . An expensive import car will cost more to insure than a crossover or minivan.
The Record of Your Driving
People with accidents records will pay more for car insurance than those with better driving records. In other words, you will pay more for your car insurance quotations if your driving violations is high.
Where You Live
Many insurance companies want to know how busy the streets are in your neighborhood, they will estimate the population in your home area. If you live in a rural area your car insurance quotations will be lower than you live in a city.
History of Your Credit
It may seem strange, but your credit history is factored into your Car Insurance Quotations. Somewhere along the way an actuary (whose job it is to calculate these quotes) found that people with better credit scores have fewer car insurance claims.
Please note, it is better to get four to five quotes before you decide which provider you will choose for your car insurance, since many of them can be vary.
Below are some factors that count into car insurance quotes calculation:
Your Age
Statistically, young and inexperienced drivers have higher accidents rates. So that a teenager who just got his license will usually pay more insurance than those who are older and considered more experienced in driving a car.
The Use of Vehicle
Annual mileage is a factor here, as are daily commute mileage and whether your car is used for business purposes.
Of course, those with fewer miles will be less likely to have an accident compare with those who drive more often. In other words your car insurance will be lower when you use less of your vehicle.
The Type of Your Car
The average cost of repairs for your car model, including its safety statistics are taken into account when it comes to car and insurance . An expensive import car will cost more to insure than a crossover or minivan.
The Record of Your Driving
People with accidents records will pay more for car insurance than those with better driving records. In other words, you will pay more for your car insurance quotations if your driving violations is high.
Where You Live
Many insurance companies want to know how busy the streets are in your neighborhood, they will estimate the population in your home area. If you live in a rural area your car insurance quotations will be lower than you live in a city.
History of Your Credit
It may seem strange, but your credit history is factored into your Car Insurance Quotations. Somewhere along the way an actuary (whose job it is to calculate these quotes) found that people with better credit scores have fewer car insurance claims.
Please note, it is better to get four to five quotes before you decide which provider you will choose for your car insurance, since many of them can be vary.
