Factors That Affect Insurance Rates
You probably already know that factors like your age, your driving history (including auto accidents) and driving record points (including traffic tickets), and how shiny and new your vehicle is can affect how much you pay for auto insurance.
However, these are just a few of the factors that affect car insurance rates.
For example, did you know that where you live can cause an increase or decrease your premiums? It’s true. Providers tend to offer lower insurance rates for folks who live in rural areas than they do for those who live in bigger cities. Your marital status, occupation, credit score, and any gaps in coverage you’ve had in the past can also play a role in how much you pay for auto coverage.
With so many different factors in play, determining whether you’re getting the lowest rates possible might get confusing.
Fortunately, we’ve compiled a wealth of information designed to help you learn more about the kinds of factors that affect car insurance rates―and what you can do to change them now, work on changing them for the future, or work around them to ensure you get the best rates for your coverage and budget needs.