Categories
Friends
Auto insurance rates and coverage are the two most important factors when selecting an insurer.The insurance rate you are willing to pay determines the insurance coverage you will obtain.
Cheap auto insurance may save you money on your premiums but an accident can easily empty your pockets.
Expensive auto insurance is worth paying for because it may help prevent claims against you personally and undue legal expense.
What Factors Affect My Car Insurance Rates?
July 27, 2009
Have you ever wondered how your auto insurance rates are actually determined? Surprisingly, they look at a lot more than just your driving history and age. Before you start talking to agents or requesting quotes for auto insurance, it’s a good idea to know where you stand. Insurance companies take several factors into account when calculating rates. Knowing what those factors are, and being ready with the information before you request a quote, will help you to get the best rate possible.
We’ve compiled a list of the factors that auto insurance companies take into account when calculating your rate, including age, driving history, theft, location, credit score, and whether or not you own a new or used vehicle. You can read the full list here: Article Insurance Factors
Leave a Reply