The model and type of vehicle you’re driving affects your auto insurance premiums. If you drive a car that has high safety ratings, your rates may go down. The amount of time you spend on the road affects your rates as well. The more you use the car and the longer the travel, the higher the chances of violations and accidents. Thus, long daily commutes mean higher premiums.
It’s probably a no-brainer that younger drivers pay more in insurance premiums. That’s because of inexperience and risky behaviors.
Gender also affects rates. Female drivers often experience fewer accidents than males. Thus, females may receive lower premiums.
Whether you believe it or not, married drivers usually get lower insurance premiums. Why? That’s because according to studies, married drivers get involved in fewer accidents than single drivers.
Your driving record is a crucial factor in determining your insurance premium. If you’ve had violations or you were involved in various accidents in the past, you’ll certainly get higher insurance rates. Fortunately, you can reduce it by taking safety driving classes or making sure you won’t get as many violations or accidents in at least three consecutive years.
Research shows that those with higher credit scores often have fewer claims than those with low credit scores. Thus, keeping or improving your credit will help your insurance premiums go down.
There may be other things that affect your premiums. Whatever the factors are, your agents will be able to explain them to you. Or if not, ask them how your rates are calculated. If your rates are too high, you might as well ask if you are qualified for any discounts. Remember that cheaper insurance doesn’t always mean that it’s the most practical choice.
Here at The Cooksey Agency, we pride ourselves on giving excellent service to our valued clients. We will help you find the best rates for the right auto insurance premiums. Get quoted by us for free! Call us at (757) 819-6896 or visit us today!