What Factors Make Policyholders Pay Expensive Car Insurance Premiums?
LOS ANGELES, Aug. 15, 2020 /PRNewswire-PRWeb/ -- Compare-autoinsurance.org has launched a new blog post that presents several factors that affect the premiums and several ways to keep car insurance costs under control.
Car insurance rates have a tendency to rise over time. Besides that, there are several factors that affect the costs of car insurance like higher costs of medical bills, increased prices of newer vehicles, and others.
The most common factors that affect the price of car insurance are the following:
Address. The location where a driver is living has a major impact on the price of insurance. Different areas have different insurance rates that are influenced by theft rates, vandalism, traffic congestion, hailstorms, and others. Drivers that live in large cities will pay higher insurance rates than those that live in small rural communities.
Driving record. Drivers that have safe driving habits are less likely to be involved in accidents and will pay less on their insurance rates. On the other hand, drivers that have at-fault accidents, speeding tickets, DUI, convictions, and other traffic violations in their driving records will pay much more on their premiums. Furthermore, drivers that have numerous traffic violations will have a hard time finding an insurance company that is willing to sell coverage to them.
Gender. Statistics show that male drivers are usually involved in more severe accidents than female drivers and are more likely to die than females. Therefore, insurers will charge more on male drivers (especially young drivers) than female drivers. Drivers that live in Hawaii, Massachusetts, Michigan, Montana, North Carolina, and Pennsylvania, will be relieved knowing that the insurers can't use the gender in order to determine rates.
The type of car. Certain car models have higher claim rates than others. Usually, these types of vehicles are more likely to be involved in accidents or to be stolen. Drivers that own one of these vehicles will pay higher insurance rates. Policyholders that own vehicles that have high safety ratings will manage to save money on car insurance.
Credit history. Insurance companies consider that drivers that have a credit score under 600 to be riskier to insure, and for that, they will charge more on their insurance. Drivers that live in California, Hawaii, and Massachusetts are in luck because the local legislation doesn't allow the insurers to use their credit score to determine insurance rates.
Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
The report titled "Aerospace Materials Market by Type (Non-structural, Structural), Aircraft Type (Business & General Aviation, Commercial Aircraft, Helicopters), Application - Global Forecast 2024-2030" is now available on 360iResearch.com's...
WestJet today announced that it has purchased the first Sustainable Aviation Fuel (SAF) supplied in Canada by Shell Aviation, marking another milestone in WestJet's mission to achieve net-zero emissions by 2050, and signifying another step forward in...
Alsco, a fifth-generation, family owned and operated uniform and linen laundry service, presented Speedway Children's Charities with a $100,000 check prior to Sunday's Autotrader EchoPark Automotive 500 NASCAR Cup Series race at Texas Motor Speedway....
Princess Cruises and ship builder Fincantieri today announced the mutual decision to postpone the delivery of the next Sphere Class ship, Star Princess....
AGCO Corporation , a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, is proud to honor Kimberly Savageau as a 2024 Women MAKE Award recipient. The awards are presented by the...
Zeigler Kalamazoo Marathon's 2024 family-friendly weekend will include a free two-day Ascension Borgess Health & Wellness Expo and free PNC Kids' 1K. The Marathon's paid events include the Full Marathon, Marathon Relay, Half Marathon, 10K, and 5K...