Paul Fisher Insurance Services LLC

These days people are looking for more ways to save some much-needed dollars on their expenses. Your car insurance bills are no exception to this. Knowing the factors that influences your car insurance rates and premiums will give you a greater chance of controlling your insurance bills , and can save you hundreds  if not thousands of dollars each year.

Your Age, Gender, And Where You Live

Old drivers are less capable of avoiding car accidents, due to the effects of aging. Teenagers have the most risk of all. Males are also statistically shown to get caught up in more accidents , and if you live in the city , you’re more likely to get caught up a accident.

Driving History

Someone’s driving record is one of the most important factors that car insurance companies refer to when determining and assigning risk ratings and premiums. Those who have had a great driving record within the previous three to five years can anticipate getting the best-priced car insurance rates in the market.

Automotive Insurance Claims History

The frequency of which you file an car insurance claim (either with your current or old insurer ) says much about the level of risks you’re exposing yourself to. Consequently the insurer would see you as too risky a driver if you are frequently filing claims, even for the most mundane of accidents. Choose when to file a claim with care.

The Kind of Car You Drive

The make and model, the actual market value, and the popularity of the car you own will have a huge effect on your premiums. More contemporary models are more susceptible to car theft and may be very expensive to repair or replace.

Your Credit Record

Credit history is now used by car insurance carriers as a gauge of how “risky” a certain driver is. Those who have less-than-stellar credit scores have also been shown to file more car insurance claims, and are therefore categorized as high-risk customers.

Any Discounts You’re Eligible to Have

Discounts also influence your final car insurance premiums, albeit in an advantageous way. Always check the type of discounts you’re entitled to make the most of your savings.

via Factors That Impact Your Vehicle Insurance Premium.