Car insurance isn’t something that many people enjoy paying but unfortunately it is a necessary evil that e all have to pay. So why not completely understand what factors into the money you have to pay each month so you can get yourself the best deal possible?
The following article will examine the items that affect what you end up paying for car insurance and hopefully will give you some insight into saving some money on your car insurance.
Factors that affect your car insurance rate:
Previous Driving Record: One of the more obvious factors, car insurance companies will examine your prior driving record when they are in the process of providing you a quote. If you have received many tickets in the past few years or have had your license suspended you can expect a high monthly payment. If you happen to have had a DUI in the past you also should expect to have a higher then normal rate.
This also can benefit you as well. If you driving record is clean and you have not gotten any tickets or been in any accidents recently you can expect to benefit from this and receive a low quote.
Education: Auto insurance companies believes education is a factor that plays into your responsibility when it comes to driving. Statistic show that someone with a masters degree is a more responsible driver then someone who never finished high school.
Home Address: Where you live also plays a large factor in what your car insurance rate is. Whether you live in a city or state with strict traffic laws and high rates of accidents can play a large role. Rates for people in New Jersey will differ drastically from those who live in Montana.
The Car You Drive: Insurance rates differ depending on the make and model you drive. The insurance for a Jaguar is going to be significantly higher then a Honda Civic. This information should play a role when you are looking to purchase or lease a car.
The one thing you want to make sure to understand if different auto insurance companies each weight these factors differently. It is important when looking to get car insurance you get quotes from multiple companies. Just because Progressive gives you a high monthly rate does not mean Geico will. So take the time to shop around when it comes to auto insurance and make sure to compare car insurance quotes against each other. In the end it will be worth taking the time to save yourself some money!
