This is the primary rule: more prone to accident means expensive premium. The factors below might provide you some hint regarding your premium.
car Type
Lamborghini’s have greater premiums compared to family automobiles. This is because the replaceable parts of sports and muscle cars are pricier than ordinary ones. Newer vehicles models as well as vehicles that are more tempting to thieves also have higher premiums. The basic rule of insurance company: the costlier the refurbishing cost, the higher the premium.
Mileage and Condition
Motorists who put lesser miles on the gage are given reduced rate on their insurance. Automobiles with that have undergone more repairs are charged higher since the likelihood of their being repaired again becomes higher with each repair. Same rules could be applied with the age of your car.
Number of Claims
Those who claim more are charged more on their next payment. You may want to stay away from cheap insurance claims, e.g. claims for broken side mirrors, to minimize your premium.
Coverage
You may not want to cover the parts of your vehicle that are least prone to damage. The lesser you cover in your car, the lesser insurance premium you’ll pay.
Gender
Insurance providers believe that women drive less frequently than men. Statistically, they are less prone to accidents, too. This plainly means that female drivers will pay lesser car insurance than male drivers.
Neighborhood
People living in the city areas pay more because they are more expose to accidents. Your premium will rise too if you live in a neighborhood prone to burglary and other traffic and non-traffic related incidents. Some cities are cheaper to insure than others, auto insurance in Dallas for example is higher than auto insurance in Seattle.
Driving Record
If you’re keeping tons of tickets inside your vehicle, or if you keep hitting other vehicles, expect to pay more. Maintain a good driving record.
Occupation
If you’re job includes driving all over town, you might be paying more than your buddy who spends all day on the desk.
Credit Reputation
If your reports show that you are a prompt payer, your premium will be lesser. Those who have little or no credit record yet will have to pay more.
Marital Status
Thank your spouse if you are married because he/she just gave you a discount on your premium as long as both of you have clean driving record.
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