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Factors That Will Lower Your Car Insurance Rates

By Jeff Simpson

Many factors have an effect on the premiums you’ll pay for automobile insurance coverage. Each Factor is a statistically structured probability for a distinct populace. The greater the probability associated with a particular person, the more he or she will pay out for insurance coverage.

Below are several of the factors that could have an impact on the amount you pay for your auto insurance. Some of the factors will have a greater impact on your premiums.

* Gender

Females have been shown to be better drivers, statistically. That trend is changing as more women are driving greater distances.

* Driving Report

Having an automobile accident or moving violations on your driving history (speeding tickets, DWI, dangerous driving, and so on.) put you in a larger possibility for incidents and may likely mean a higher rate. Several insurance companies may penalize a person for their driving report for as many as five years from when the actual incident took place. Nevertheless, remember, when your history gets better, your insurance cost should be lower.

* Accidents

A driving report that’s clean and totally free of incidents is going to lead to lower insurance prices for an individual.

* Married or Single

Married individuals will typically pay less than an unmarried individual with a similar driving record.

* Age

Usually, drivers below the age of 25 tend to be at higher chance of being in an car accident compared to those above age 25. People in between the ages of 50 and 65 commonly possess the best driving records.

* Where You Live

Where a person resides tends to make a difference. Persons living within locations having minimal or zero automobile traffic are probably going to spend much less on insurance coverage compared to those living within congested locations or perhaps suburbs mainly because locations with lots of traffic are likely to see more accidents. Certain areas also have an increased rate of auto thefts, which may result in a higher rate.

* Vehicle You Drive

A vehicle that has shown to be safer will cost less to insure than a vehicle that has been shown to be not as safe.

* College Graduate

College graduates may pay less for insurance coverage than those that do not have a college degree.

* Credit Report

Numerous car insurance providers look at having a poor, or perhaps absolutely no credit as suggestive of larger risk and therefore, charge you a greater rate. Keep an eye on your credit standing to see if you can obtain a higher rating. A better credit rating will save on car insurance payments.

* Type of Employment

Auto insurance companies have found a relationship between ones occupation and the likely hood of an accident. If you drive as part of your employment, you may pay more for insurance.

* Years of Experience Driving

The longer you have driven, may mean you are a better driver.

* Traveling mileage to employment

If you only drive a short distance to work each day, you will likely pay less for your coverage.

* Miles You Drive Per Year

See above

* Numerous vehicles as well as drivers.

Almost all insurance providers give a discount if you insure more than one vehicle with them.

* Theft Prevention Device

If your vehicle is equipped with an alarm system or tracking system, you will normally get a discount on your premiums.

One of the easiest ways to find the lowest auto insurance prices is to compare prices from as many providers as possible. Auto insurance companies may use other factors not mentioned above to determine the price of premiums. You should get quotes from at least three auto insurance companies to see which offers the lowest rates.

Learn more about getting free quotes on car insurance. Stop by Jeff Simpson’s site where you can find more info on how to save money on auto insurance.

Article kindly provided by UberArticles.com

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Article Citation
MLA Style Citation:
Simpson, Jeff "Factors That Will Lower Your Car Insurance Rates." Factors That Will Lower Your Car Insurance Rates. 24 Jun. 2010. uberarticles.com. 19 Aug 2014 <http://uberarticles.com/automotive/insurance/factors-that-will-lower-your-car-insurance-rates/>.

APA Style Citation:
Simpson, J (2010, June 24). Factors That Will Lower Your Car Insurance Rates. Retrieved August 19, 2014, from http://uberarticles.com/automotive/insurance/factors-that-will-lower-your-car-insurance-rates/

Chicago Style Citation:
Simpson, Jeff "Factors That Will Lower Your Car Insurance Rates" uberarticles.com. http://uberarticles.com/automotive/insurance/factors-that-will-lower-your-car-insurance-rates/


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