Factors Affects Your Car Insurance Rates

January 28, 2017 · Posted in General Articles on Car Insurance 

There are many different types of car insurance available as you will find that insurance varies depending on the company, what you are insuring and your previous driving experience. There is insurance available specifically for teenager drivers, collectible cars and much more. To make sure that you get the best deal on your auto insurance make sure that you shop around.

The type of car that you drive is one of the main factors that will dictate your car insurance rates. The make and model of the car is associated to specific risks. Sports cars and cars that are more likely to be stolen will have higher insurance rates. This is because it can be difficult to find parts if something should break and you may need to find a specialist mechanic to fix the car. The cost is much higher when insuring these specialized cars.

However if you are driving an older car that is less likely to be stolen and can be fixed by any mechanic than the insurance rates will be much lower. Additionally if you install in any special safety features such as an alarm, airbags or other items this can drop the rates even further. Most countries or states will have information on the most sought after vehicles for car thieves as many cars are just stolen for the parts.

Younger drivers, under the age of 25, also tend to have higher rates because they are considered a higher risk than older drivers. Much of this has to do with experience as younger drivers may not know how to react in a range of circumstances. Females are also considered to be safer drivers though recently females have started to even out with male drivers.

Additionally where you live will affect your rates as individuals in low traffic areas will be less likely to have an accident so their rates will be lower. If you live and drive in the city then you will have higher insurance rates.

Additionally some areas may have very high stolen car rates. You can also find discounts on low mileage cars, so you basically only drive your car a short distance once or twice a week.

Your driving score is also a big factor for your car insurance as the more points that you have the higher the risk. Each time you get a ticket you will get points added onto to your record and it is possible to decrease these points a bit by attending a defensive driving class. However just years of good driving with no incidents can drop your points.

 

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