Major Factors that Affect Car Insurance Rates
Many people want to reduce their rates while buying car insurance by making deductibles higher and by lowering the coverage areas. If you own a car then there are some factors you must note down while going for car insurance rates.
Issues Related to Car:
The car you own and drive is one major factor that directly affects your insurance rate. Such as –
How is your way of driving?
How you drive and maintain your car is another biggest factor that determines your car insurance rate. Such as –
- Drivers without any past records of accidents easily get better insurance rates. However, if you’ve been in track records of accidents, got tickets and already claimed and received insurance claims in the past, then your insurance rate will be high as the company knows you’re likely in the verge of making another claim. In this case, non-injury cases affect less and tickets mostly become non-effective after 3 years.
- Some companies determine your rate on your car activities like – for what purpose you use the car, how long you drive and where or when you drive. So, you’ll get discounts if you drive less distance, keep it in a secure location like the garage, as these lower accident and damage chances.
You can lower your car insurance rate by working on these factors. Choose wisely your insurance according to your car, budget, and requirements.