Auto Insurance Quotes
There are a number of factors that determine how much your car insurance will cost. Here are 7 key factors that insurance companies consider when calculating your insurance premium:
Driving history and record. Your driving record will affect your car insurance premiums, especially if you have been involved in any accident or violation. If you have a clean driving history, it may be easier to find lower prices than those with a checkered history.
Driver age. Age is another factor that plays a role in determining how much you'll pay for your policy, because older drivers tend to spend more years behind the wheel, increasing the risk of getting into an accident. Younger drivers may have lower rates because they are less likely to have an accident than older drivers who have spent more time behind the wheel and thus more likely to be involved in accidents or traffic violations.
Type of vehicle owned (car vs truck vs SUV). The type of vehicle you own can also affect what kind of coverage you need and how much it will cost – generally speaking, larger vehicles tend to be more expensive to repair or replace than smaller vehicles if they are damaged in an accident or run out completely.
How Much Does Car Insurance Cost?
The older you are, the more insurance you're likely to pay. Insurance companies consider age to be one of the most important factors in determining cost, because older drivers are more likely to be involved in accidents.
Car insurance premiums are much higher for women than men, even if they have similar driving records and live in similar neighborhoods. This is because statistics show that women get into fewer accidents than men do. However, it's not just age and gender that can affect your premium other factors include where you live and what type of car you drive.
3. Driving record
If you've gotten any tickets or been involved in an accident recently, your premium will probably increase as a result. Insurance companies also look at how long it's been since any tickets were issued and how many years go by without an accident when calculating premiums. The length of time between accidents is called "accident forgiveness." The longer it's been since your last accident or ticket, the better!
Where you live can also affect how much your policy will cost. Drivers who live in areas with high crime rates may pay more for auto insurance than drivers who live in low-crime areas. Insurance companies often use ZIP codes or other location-based criteria when setting rates for drivers based on where they live.