Question: How Are Car Insurance Rates Determined??

Many factors help determine the cost of car insurance

Your driving record – The better your record, the lower your premium.

Location, location, location – Due to higher rates of vandalism, theft and accidents, urban drivers pay a higher auto insurance price than those in small towns or rural areas.

What affects my car insurance?

Some factors that may affect your auto insurance premiums are your car, your driving habits, demographic factors and the coverages, limits and deductibles you choose. These factors may include things such as your age, anti-theft features in your car and your driving record.

How can you lower your car insurance?

Nine ways to lower your auto insurance costs

  • Shop around.
  • Before you buy a car, compare insurance costs.
  • Ask for higher deductibles.
  • Reduce coverage on older cars.
  • Buy your homeowners and auto coverage from the same insurer.
  • Maintain a good credit record.
  • Take advantage of low mileage discounts.
  • Ask about group insurance.

Does 3 points affect insurance?

A car speeding camera flash with fine and 3 points DO increase your insurance premium. Some insurers ask about speed awareness courses. Some don’t.

Photo in the article by “The Blue Diamond Gallery”