Driving Factors Influence Auto Insurance Rates   Leave a comment

Rates for auto insurance coverage for individuals is determined by the number of risks associated with covering a driver. An individual that appears to be more of a risk to insure is more likely to pay a higher premium than the person with a clean driving record and a stable lifestyle.

How can I lower my auto insurance coverage rate?

An individual can lower their auto insurance premiums by altering their driving habits. A driver can work on improving or maintaining a better driving record. One can also reduce his or her driving routine by joining a carpool or taking public transportation.

Do I actually need auto insurance coverage?

Yes. Most car dealers require that a person provide proof of coverage at the time of a car purchase. Most states have regulations in place that require a certain amount of insurance coverage. In some states, a person can avoid having auto insurance coverage if they can prove that they have substantial resources to cover the costs of an accident.

Am I eligible for auto insurance coverage discounts?

A person that takes a defensive driver course may be able to secure a discount from their auto insurance coverage provider. A person in school may also be eligible for a good student discount if their GPA remains at a certain level. Some individuals can also receive partial refunds for going a specified amount of time without an incident. Others may belong to a professional organization with a relationship with a certain provider that offers discounts to members.

Does age play a role in how much I pay for auto insurance coverage?

Yes. Males under the age of 25 pay a larger amount in insurance because they are viewed as risky. Men in their late twenties are more likely to be married and have a more stable life. For this reason, their insurance premiums can be reduced. Individuals in their fifties are also able to receive lower premiums. This category of individuals is more likely to drive less and have better driving records. Teen drivers are typically inexperienced, so there are more risks associated with insuring younger drivers.


Posted September 4, 2012 by leecountyinsurance in Automobile (Personal)

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