Factors Affecting Your Car Insurance Premiums
Insurance is insurance, regardless of who you are, right? Well, not exactly.
Many factors affect the cost of a person’s car insurance. Some of these you can control, others you cannot.
A 19-year-old single male student, for example, will not pay the same to insure a car that is identical to a car driven by a 32-year-old married female teacher.
The reason for this is carefully determined by risk. How much risk a person of a certain age, marital status, and/or with a certain occupation driving a certain car will statistically bring to the insurance provider will ultimately determine the cost of insuring that person.
One factor that is out of a driver’s control is age. Statistically, the oldest and youngest drivers have more accidents than those drivers in the middle of the age bracket. Also, females and married people have fewer accidents than males and single drivers.
A large factor that you can control; however, is your driving record. Keeping a clean record by obeying traffic rules will ensure that you are not determined to be high risk as a result of driving violations.
A driver’s occupation can also influence the cost of premiums. A person who is frequently on the road obviously has an increased risk to experience an accident than a person who just drives to the office and back.
The type of car you drive also weighs in on calculating premiums. More costly cars are more expensive to insure since repairing them in the event of an accident will also be more costly than body work on a less expensive car.
To learn more about Alfa™ auto insurance and a free rate quote, contact us today.