Major Factors Affecting Your Car Insurance Rates

Unfortunately, if you get into (and report) auto accidents and are frequently stopped by police and issued driving tickets, you’ll be paying much higher auto insurance rates than someone who maintains a clean driving record.  Here are a few more ways your auto insurance rates are affected: .

  Auto insurance quotes are affected by the state you live in

  If you live in a state where auto accidents are at an all time high, you'll more than likely have to pay a higher insurance premium. For example, if you live in California or New York, your auto insurance rates will be much higher than someone who lives in Macon, Georgia. If you have a clean driving record, this may not seem fair. The main reason why car insurance companies charge higher rates in certain states is because their statistics show that they’re much more likely to receive a claim for insurance in those states, and that the average insurance claim size is larger. So, they need to be compensated for the money they spend on paying out insurance settlements and other related car accident fees. Also, if you live in a high-risk area were vandalism and thefts occur, you will more than likely have to pay higher auto insurance rates.

  Your family's driving record can affect your auto insurance rates

  If you're looking for multi-driver car insurance rates, many auto insurance companies offer discounts. It’s important to note that when you purchase car insurance for other people in your family, their driving records will be verified. If you or any of your family members have been in car accidents or have tickets, the insurance rates will rise and you’ll have to pay a higher insurance premium.  Additional factors affecting your multi-driver auto insurance rates are number of drivers covered, location of home and its proximity to crime areas, miles driven per year by family member, age of each family member, school grades, credit scores, types of cars, occupations, whether or not the cars are parked in garages or on the street, if the cars have alarms and LoJack tracking devices, age and value of cars, etc.

  Shop online for cheap car insurance quotes

  The good thing about shopping around for auto insurance rates is that you can compare rates and save more. During your search, first decide what kind of coverage you’ll need for your car insurance policy and then choose the amount of coverage.  Then compare each car insurance company’s offering.  Every state has a minimum requirement for car insurance coverage but don’t stop there though because car insurance companies highly recommend that drivers avoid purchasing just the bare minimum. If you’re ever in a serious car accident and have only minimum auto insurance coverage, the liability and repairs could be costly, even if the accident isn’t your fault. Take a few minutes more to invest in comparing multiple policies and even speaking with multiple agents.  What you’ll learn will save and protect you more in the long run.  Selecting the right insurance policy and company is an important decision and should always be treated as such.  

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