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Auto insurance rates can
vary dramatically. Some key factors that influence your auto insurance
rates includes:
- Your driving record will of course impact your Auto
Insurance Policy premium rate. If you've been in an accident
in which you were at-fault, you
may
be paying
more
for your
insurance.
Also depending on your state of insurance, traffic violations
will affect the auto insurance rates you receive. Many companies
offer auto
insurance
policy discounts for drivers
who
have not had any accidents or tickets for a specific number
of years.
- Your family members will ultimately
determine your auto insurance policy rate. Other licensed
drivers in your household and on your policy also
affects
your auto insurance rates. A teenage
driver or a spouse
with a poor
driving
record
is likely to
increase your auto insurance rates.
- The car you drive will also impact
the auto insurance policy rate you will receive.
Certain car or truck models may be considered more risky
because they cost
a lot
to
repair,
are frequently
involved
in accidents or are popular with car thieves. Owning
one of these cars may double your collision and comprehensive
auto insurance policy premiums.
High-performance cars and sports cars also usually
cost more to insure. Before buying a new or used car, check
with your auto insurance company for estimated coverage
costs. Depending on the safety features on the car, you could
get
cheaper auto insurance rates. Air bags, anti-lock brakes,
car alarms, and daytime running lights could qualify for
auto insurance policy discounts. Also, cars with high theft rates and
repair cost will cost more to insure.
- Marital status. Statistically, married
drivers have fewer accidents than young single drivers, so
they generally pay
lower premiums.
- Where you live will often impact
the auto insurance rates you will receive. Rates are regulated
on a state-by-state basis and also vary between locations
within
a state. As
an example, when you compare auto insurance rates in a rural location with the auto insurance rates in a city with high theft
and accident occurances, the cost will be less for the auto insurance rates in rural location.
- Age. Statistically, drivers under age 25 have
more accidents than older drivers. Drivers
between 50 and
65 years of age have low accident rates and are
sometimes offered discounts in their auto insurance policy. Past the age of
65, accidents
seem to increase and
rates generally begin to rise again. People over
70 may have trouble finding an insurer to accept
them
as a new
customer,
and when they do find coverage, it may be expensive.
- Gender. A young man under age 25 generally pays
more than a woman of the same age. This is
because young
men are involved
in more accidents than young women and have
more than three times as many fatal accidents.
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