Auto Insurance Rate Factors
Auto insurance is required in almost all states, which means that there is no way to avoid paying for your coverage. However, knowing what factors determine your auto insurance rates can help to make sure that you are paying the right price. Keep these car insurance premium factors in mind to see where you can make changes.
- Age – while everyone has a birthday every year, as long as you are under the age of 25, you will face higher premiums since you are statistically more likely to get into an accident. Luckily, you can look forward to your 26th birthday when your rates will start to drop.
- Where you live – if you live in an urban area with tons of traffic, you are more likely to get into an accident or get your car stolen, which will mean higher costs. People who live in more rural areas will benefit from much lower rates.
- Driving record – any traffic violations that you have on your record will cause your insurance premiums to increase. Luckily, your tickets will not stay on your driving record forever, which means that your rates will lower as time goes on.
- Type of vehicle – if you have a more expensive, sporty vehicle, you will most likely face higher insurance rates than if you have a less expensive car. Since more expensive vehicles are more expensive to fix, you will have to pay more each month for your insurance premiums.
- Miles driven – the more you are on the road, the more likely it is that you will be involved in a crash. The less time you spend in your car each month, the lower your insurance premiums will be.
For all of your auto insurance needs, contact the insurance professionals at ISU Wissink Insurance in Culver City, California.