Many ingredients influence the premium you will pay for automobile insurance. Each is a statistically based chance for a certain population. The higher the risk associated with a individual, the more he or she is likely to spend on for automobile insurance. We have elaborated on some of the risk factors below, but there are numerous others, including driver’s gender, miles driven per year, purpose for using the vehicle, etc. By understanding these risks you may be able to change some of them to secure Inexpensive Auto Insurance for yourself.
Components you CAN NOT easily change that impact your automobile insurance price:
Statistically, drivers under the age of 25 are at greater chance of causing an accident than those over age 25. Drivers between the ages of 50 and 65 largely have the safest records.
Women are statistically better drivers.
If you are married you will pay less than a single person with an identical driving record.
Components you CAN change that affect your Car Insurance Quotes.
Your address plays a big part of your insurance rate. People living in areas with little or no traffic are likely to pay cities or suburbs because areas with a lot of traffic tend to have more accidents. Some areas also have a enhanced rate of vehicle thefts, which can result in a higher insurance rate.
If you have gotten into an accident or have moving violations on your record (speeding tickets, DWI, reckless driving, etc.) it puts you at a larger. Some insurance companies will penalize you for each incident on your record for as many as three to five years from when the incident happened. However, keep in mind, as your record improves, your premium will get lower.
A junker car will not cost as much to insure than that status symbol BMW.
Many insurance companies think having a poor, or even no credit history as a higher risk and thus, charge you more.
Insurance companies have statistically found a correlation between your occupation and risk. For instance, a stunt man is most likely a higher risk than an accountant sitting at their desk all day.
Other components that help determine premiums:
. Driving distance to work
. Miles driven each year
. Years of driving experience
. Pleasure or business use of the vehicle
. Currently insured or not
. Theft protection devices (often results in discounts)
. Multiple automobiles and/or driver discounts
What can I do right now to secure inexpensive auto insurance?
Shop around and compare rates from different insurers. They base their individual rates on their claims experiences, advertising costs and other operating expenses. One insurance company might see your area as a higher risk than others. Another might charge more because of your occupation. Shopping at http://www.QuoteMatcher.com/Insurance makes it easier because you can quickly compare multiple rates for your particular situation.