LOS ANGELES, June 12, 2019 /PRNewswire-PRWeb/
-- Cheapquotesautoinsurance.com has launched a new blog post
that presents the main factors that can affect the price of car
insurance.
For more info and free auto insurance quotes, please visit:
https://cheapquotesautoinsurance.com/factors-that-influence-your-car-insurance-risk-profile/
Car insurance is based on the risk a driver poses for an
insurance company. Insurance companies rate drivers and place them
in 3 main risk categories: high-risk, standard, preferred.
The main factors that can affect a driver's car insurance rates
are the following:
- The driver's address. The place where a
driver lives is important for car insurance companies. Each state
has its own car insurance legislation with different liability
coverage limits, reimbursement limits, or laws regarding no-fault
coverage. Drivers that live in crowded urban areas will pay more on
insurance compared to those that live in rural areas. The driver's
address will also tell the insurer if the area where he lives in is
a high-crime rate area or not.
- Driving history. Safe drivers are
rewarded by insurance companies with better insurance deals. On the
other hand, drivers with multiple traffic violations will pay more
on their premiums, and in some cases, they risk to be dropped out
by their insurer.
- The car itself. Depending on what car
they try to insure, drivers will pay more or less on their
insurance. The insurance companies will ask data about the car
make, model, year of production, installed safety devices and
anti-theft devices. Also, the value of the car is important.
Expensive exotic vehicles will cost more to insure.
- The purpose of the vehicle. Depending
on what purpose a vehicle is used, the price of car insurance can
vary with as much as 20%.
- Education level. According to several
studies, drivers with a bachelor's degree will pay less on their
car insurance compared to those that don't have one.
- Credit score. Insurance companies will
charge more on drivers with poor credit score. On the other hand,
policyholders with good or excellent credit scores will pay less on
their car insurance.
For additional info, money-saving tips and free car insurance
quotes, visit https://cheapquotesautoinsurance.com/
Cheapquotesautoinsurance.com is an online provider of life,
home, health, and auto insurance quotes. This website is unique
because it does not simply stick to one kind of insurance provider,
but brings the clients the best deals from many different online
insurance carriers. In this way, clients have access to offers from
multiple carriers all in one place: this website. On this site,
customers have access to quotes for insurance plans from various
agencies, such as local or nationwide agencies, brand names
insurance companies, etc.
SOURCE Cheapquotesautoinsurance.com