• Latest
  • Trending
  • All
  • News

Car Insurance – The Top Ten Factors That Affect Your Car Insurance Rates

December 30, 2016
Navigating City Centre Restrictions

The Cost of Sports Car Rentals – Is It Worth It?

March 1, 2023
How to Choose the Most Appropriate Boat Trailer for You

How to Choose the Most Appropriate Boat Trailer for You

January 21, 2023
What Is Mileage Log Template and Its Usage?

What Is Mileage Log Template and Its Usage?

December 18, 2022
How to Make Your Car Last Longer: The Ultimate Guide

Requirements For Driver’s Application For Employment

December 11, 2022
Navigating City Centre Restrictions

Navigating City Centre Restrictions

November 28, 2022
4 Reasons Why It’s Time to Get Professional Hail Damage Car Repair

A Guide to Car Hail Damage Repair – DIY Vs. Auto Body Shops

October 6, 2022
Most Common Marine Engine Room Repairs

Most Common Marine Engine Room Repairs

August 4, 2022
3 Major Benefits of Shipping Your Car

3 Major Benefits of Shipping Your Car

July 26, 2022
How to Find a Leak in Car Tires

When Is The Best Time to Buy New Tires and Why?

July 23, 2022
A Beginner’s Guide to First-Time Auto Shipping

A Beginner’s Guide to First-Time Auto Shipping

July 18, 2022
Top 10 Fog Lights

Top 10 Fog Lights

July 8, 2022
What Are the Different Types of Car Window Tints That Exist Today

The Advantages of Owning a Wheelchair Accessible SUV

June 29, 2022
  • Guest Posts
  • Advertise
  • Contact
  • Privacy Policy
Friday, March 31, 2023
  • Login
Tech Featured - Automotive
  • Home
  • Gadgets
  • Automotive News
  • Interesting Topics
No Result
View All Result
Tech Featured - Automotive
No Result
View All Result
Home News

Car Insurance – The Top Ten Factors That Affect Your Car Insurance Rates

December 30, 2016
in News
0
76
SHARES
217
VIEWS
Share on FacebookShare on Twitter

Buying car insurance is not easy. The process of buying car insurance can be confusing, complicated and frustrating. Sometimes, it’s hard to accurately compare rates, since coverages don’t always match from company to company.

However, to help you understand the factors that insurance companies use to determine your car insurance rate, I’ve listed the Top Ten factors that affect your car insurance rates.

1. Driving record. The number of traffic violation convictions you’ve received will directly affect your rate. If you have a clean record, you’ll likely be eligible for Safe Driver Discounts. Speeding tickets, DUI convictions and reckless driving tickets will likely affect your rate the most. Insurance companies like to know your driving record for the last 2, 3 or 5 years to see patterns of behavior.

2. Claims history. Once again, if your record is clean, you’ll get Safe Driver Discounts. If you have had at-fault claims, they will affect the rate more than non-at-fault claims. But an insurer might even count non-at-fault accidents against your rate.

3. Your Vehicle. It’s mostly about the value of the vehicle. But, the type of vehicle is important, too. A Cadillac and a Corvette may cost the same, but the Corvette will have a higher rate as a sports car.

4. Coverage. A policy with liability only will make you legal in your state. But when you add physical damage coverage, such as Collision and Comprehensive, your rates jump.

5. Drivers personal information. Age, gender, marital status and number of drivers are all important factors. Teens have high rates. Teen boys have higher rates than teen girls. Older drivers tend to have less tickets and accidents. Married people are usually safer drivers.

6. Vehicle use. The more miles you drive per year, the higher your rate. Also, vehicles used for only pleasure have lower rates than vehicles used for business.

7. Occupation. There is a correlation between your occupation and risk. For example, an office worker who drives only to and from work is a lower risk than a person who delivers newspapers with his car.

8. Credit score. Insurers are increasingly using credit score to set car insurance rates. They have found that those people who have bad credit statistically make more claims than those with good credit.

9. Geography. Where you live makes a difference. Rural drivers usually get lower rates than urban drivers because urban areas have lots more accidents. Sometimes, even the neighborhood (like a high crime area) you live in can affect your car insurance rates.

10. Deductibles. The deductibles you choose will have a significant affect on your insurance rates. Generally, the higher your deductible, the lower your rate. Always choose the highest deductible your budget will allow. Then, set aside one deductible in your savings account to take the financial pressure off your deductible choice.

A change in any of these Top Ten factors can cause a change in your car insurance premium. Make sure that you fully disclose the correct information about each of these factors to your agent. That way, you’ll be most certain to get the lowest car insurance rates you can.

If you have experienced an insured loss, whether auto, business, fire, wind, flood or other, you need to know winning insurance claim strategies. The insurance company will not tell you the claims process, but I will. I will show you how to take control of your insurance claim, and add hundreds or even thousands more dollars to your claim settlement. For more information, go to the website listed below.

Tags: FactorsInsuranceRatesTenTop
Share30Tweet19Share8
  • Trending
  • Comments
  • Latest

Buying a Gazebo – How to Install a Gazebo on Grass

June 8, 2017

Water Powered Cars – The Benefits and Disadvantages

November 9, 2016

Lutec 1000 Free Energy Machine – World’s First Commercial Free Energy Machine?

November 16, 2016
Navigating City Centre Restrictions

The Cost of Sports Car Rentals – Is It Worth It?

0

Automotive Fasteners – A Number of Items Included on the List

0

Drag Racing – The Perfect Launch

0
Navigating City Centre Restrictions

The Cost of Sports Car Rentals – Is It Worth It?

March 1, 2023
How to Choose the Most Appropriate Boat Trailer for You

How to Choose the Most Appropriate Boat Trailer for You

January 21, 2023
What Is Mileage Log Template and Its Usage?

What Is Mileage Log Template and Its Usage?

December 18, 2022
Tech Featured - Automotive

Navigate Site

  • Guest Posts
  • Advertise
  • Contact
  • Privacy Policy

Follow Us

No Result
View All Result
  • Home
  • Gadgets
  • Automotive News
  • Interesting Topics

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In