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.
For more info and free car insurance quotes, visit
https://compare-autoinsurance.org/why-do-you-pay-so-much-on-car-insurance-premiums/
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.
For additional info, money-saving tips and free car insurance
quotes, visit https://compare-autoinsurance.org/
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.
SOURCE Compare-autoinsurance.org