If you own and drive a car, chances are you\u2019re also paying a car insurance premium. Considering that different insurance companies will quote you a wide range of premiums, you\u2019re probably wondering what factors affect your auto insurance rate.<\/p>\n
While it makes sense that your driving record and car usage play a factor in determining your auto\u00a0insurance rate, they\u2019re definitely not the only factors insurance companies take into account. Here are the most common factors that companies consider to establish your particular auto\u00a0insurance rate.<\/p>\n
Insuring any driver is a risk for insurance companies, but especially drivers with blemishes on their driving record as they represent a high risk. There\u2019s no formula for predicting the future, but companies can certainly make an assessment by examining your past driving habits. If you have a history of accidents, speeding tickets or a DUI, you can expect to have a higher auto\u00a0insurance rate.<\/p>\n
Where you live will most certainly impact your auto\u00a0insurance rate. Generally, living in a big city is more expensive than a rural area. Urban areas are more heavily populated, which means there\u2019s more traffic and bigger chances of auto\u00a0accidents. City life also means your car is at an increased risk of being stolen \u2013 another factor that increases your auto\u00a0insurance rate.<\/p>\n
You may or may not be surprised that your age, gender and marital status may help determine your auto\u00a0insurance rate. Insurance companies collect statistics to keep track of patterns that help them identify drivers who are most at risk of being involved in a car accident. In general, women pay smaller insurance premiums, while men \u2013 especially young males under 25 \u2013 tend to pay higher premiums. Once drivers reach 25 years of age or they get married, they\u2019re likely to see a drop in their auto\u00a0insurance rate.<\/p>\n
You probably already know that your credit history comes into play when you\u2019re applying for an apartment or a new credit card, but perhaps you weren\u2019t aware that it may influence your auto\u00a0insurance rate. It\u2019s true \u2013 many companies are now pulling your credit report to assess how responsible you are and how much of a risk you represent. The lower your credit score, the higher your insurance premium will be.<\/p>\n
Given that companies use a variety of factors to determine an individual\u2019s auto\u00a0insurance rate, premiums can vary wildly from one person to another. And while there are some factors, such as your demographic profile, that are out of your control, there are others you can influence to your advantage, like maintaining a good driving record.<\/p>\n
Freeway Insurance offers affordable rates for every driver. Give us a call at (800) 777-5620<\/strong> to get a free quote. For over 30 years, our cheap auto<\/a> insurance has helped hundreds of customers. Get your free auto insurance quote<\/a> today and save.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" If you own and drive a car, chances are you\u2019re also paying a car insurance premium. Considering that different insurance companies will quote you a wide range of premiums, you\u2019re probably wondering what factors affect your auto insurance rate. While it makes sense that your driving record and car usage play a factor in determining […]<\/p>\n","protected":false},"author":1002628,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[85],"importance":[],"type-content":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/1536"}],"collection":[{"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/users\/1002628"}],"replies":[{"embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/comments?post=1536"}],"version-history":[{"count":9,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/1536\/revisions"}],"predecessor-version":[{"id":8005,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/1536\/revisions\/8005"}],"wp:attachment":[{"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/media?parent=1536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/categories?post=1536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/tags?post=1536"},{"taxonomy":"importance","embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/importance?post=1536"},{"taxonomy":"type-content","embeddable":true,"href":"https:\/\/www.freeway.com\/knowledge-center\/wp-json\/wp\/v2\/type-content?post=1536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}