6 Variables Behind the Cost of Automobile Insurance

Are you new to the world of auto insurance? We want to make sure you are informed before receiving auto insurance quotes so that you can make an educated decision when the time comes to choose a policy. To the surprise of many people, your quote will be determined by the following key variables.

Here are 6 Variables Behind the Cost of Automobile Insurance:

1. Are you male or female?
   Typically, males pay higher insurance rates than females. Men are considered more aggressive and are stereotypically faster drivers putting themselves in more compromising situations leading to the increased possibility of wrecks and insurance claims.
2. How’s your driving record?
   Your premium will be lower if your driving record is free of tickets and accidents. On the contrary, your premium will be higher if you have been in accidents and filed previous claims.
3. How old are you?
   Your premium will be higher if you are an inexperienced driver or 16 years old yet experienced drivers over 25 with no traffic violations will pay less.
4. What kind of car do you drive?
   Premium rates depend on the make and model of your vehicle. For example, your premium will be higher if you drive a sports car, a model that at higher risk for being stolen or a car known for more damages in the event of an accident.
5. Where do you live?
   Your premium rate will be higher if you live in a high traffic or densely populated area because you are at an increased risk for collision.
6. Other variables
   Other factors that may be considered when determining your insurance premium are:
   – marital status
   – credit score
   – how much you drive a year
   – profession

Give us a call today to discuss your Automobile Insurance question. Our experienced agents can walk you through every step of the insurance process.