Many factors affect the auto insurance premium that you pay. Each is a statistically based risk for a specific population. The higher the risk associated with a person, the more he or she is willing to pay for coverage. Some of the risk factors below, but there are many others, including driver's gender, miles driven per year, aim to use the vehicle (commuting to work, using for work, leisure only), etc.
* Age
Statistically, drivers under age 25 are at greater risk of being in an accident than those over 25 years of age. Drivers between the ages of 50 and 65 generally have the safest records.
* Sex
Women are statistically safer drivers, but that trend is changing as more female drivers on the road.
* Marital Status
A married person pays less than a single person with an identical driving record.
You can think of these factors and determine what you can do to change your situation. You may be able to save on insurance based on these decisions:
* Geography
Where you live makes a difference. People living in areas with little traffic, or can not spend less on insurance than those living in congested cities or suburbs because areas with a lot of traffic tend to see more accidents. Some neighborhoods also have a higher rate of vehicle thefts, which can result in a higher premium.
* Driving Violations
Having an accident or moving violations on your record (speeding tickets, DWI, reckless driving, etc.) put you at greater risk of accidents and probably will result in a higher premium. Some insurance companies will be penalized for his record of five years from when the incident occurred. However, keep in mind, as his record improves, your premium will be lower.
* Type of vehicle
A cheap car will cost less to ensure that the status symbol SUV sitting on 24 "rims.
* Accident Claims
A driving record is clean and free of accidents will be much better for you than a bunch of tickets and / or accidents.
* Credit Rating
Many insurance companies with a view to a poor or even no credit history as suggestive of higher risk and therefore charge a higher premium. Monitor your credit score for free to see if you can get a better result. A better credit score will save on insurance premiums.
* Occupation
Insurers have found a statistical correlation between your occupation and risk. For example, a person that newspaper delivery is more likely at higher risk than the personal banker sitting at his desk all day.
* Education
A college education can save on your premiums.
* The distance the way to work
* Miles driven each year
* Years of driving experience
* Commercial use vehicles
* If you currently have auto insurance and how high are your limits
* Devices to prevent theft (often results in discounts)
* Multiple cars and drivers (another opportunity for discounts)
What can I do right now to make sure I have a lower premium?
Search and compare quotes from different insurers. Carriers premiums based on their claims experiences, which naturally differ. A company may see your area as a greater risk than others can. Another may charge more because of their occupation.
Addapted from www.carinsurance.com
* Age
Statistically, drivers under age 25 are at greater risk of being in an accident than those over 25 years of age. Drivers between the ages of 50 and 65 generally have the safest records.
* Sex
Women are statistically safer drivers, but that trend is changing as more female drivers on the road.
* Marital Status
A married person pays less than a single person with an identical driving record.
You can think of these factors and determine what you can do to change your situation. You may be able to save on insurance based on these decisions:
* Geography
Where you live makes a difference. People living in areas with little traffic, or can not spend less on insurance than those living in congested cities or suburbs because areas with a lot of traffic tend to see more accidents. Some neighborhoods also have a higher rate of vehicle thefts, which can result in a higher premium.
* Driving Violations
Having an accident or moving violations on your record (speeding tickets, DWI, reckless driving, etc.) put you at greater risk of accidents and probably will result in a higher premium. Some insurance companies will be penalized for his record of five years from when the incident occurred. However, keep in mind, as his record improves, your premium will be lower.
* Type of vehicle
A cheap car will cost less to ensure that the status symbol SUV sitting on 24 "rims.
* Accident Claims
A driving record is clean and free of accidents will be much better for you than a bunch of tickets and / or accidents.
* Credit Rating
Many insurance companies with a view to a poor or even no credit history as suggestive of higher risk and therefore charge a higher premium. Monitor your credit score for free to see if you can get a better result. A better credit score will save on insurance premiums.
* Occupation
Insurers have found a statistical correlation between your occupation and risk. For example, a person that newspaper delivery is more likely at higher risk than the personal banker sitting at his desk all day.
* Education
A college education can save on your premiums.
* The distance the way to work
* Miles driven each year
* Years of driving experience
* Commercial use vehicles
* If you currently have auto insurance and how high are your limits
* Devices to prevent theft (often results in discounts)
* Multiple cars and drivers (another opportunity for discounts)
What can I do right now to make sure I have a lower premium?
Search and compare quotes from different insurers. Carriers premiums based on their claims experiences, which naturally differ. A company may see your area as a greater risk than others can. Another may charge more because of their occupation.
Addapted from www.carinsurance.com
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