When shopping for auto insurance, it’s important to know how providers calculate the quotes you receive. They use a number of factors to determine how much of a risk you are to insure, which is then reflected in the amount of your premium. While some of the elements they look at are beyond your control, there are others you can change to lower your coverage costs. Enterprise Insurance Services offers a team of professional insurance agents who are committed to finding the residents of Enterprise, AL, the most suitable policies for their needs and budgets. Below, they discuss some of the top factors that influence auto insurance rates.
3 Elements That Affect How Much You Pay for Auto Insurance
1. Driving Record
Above everything else, your driving record will have the biggest impact on how much you pay for auto insurance. If you have a history of at-fault accidents and/or traffic violations, you can expect to have a much higher premium than someone with a clean record.
2. Type of Vehicle You Drive
One of the first things insurance companies will take into consideration is the vehicle that you drive. Some cars have better safety ratings than others and are less likely to be stolen according to the statistics. These are the models that tend to be insured for less.
3. Credit Score
Your credit score plays a significant role in how risky providers deem you to be. Typically, they reward those with higher credit ratings by giving them a lower rate. This is one of the easiest factors for you to take control of, as you can work on increasing your score if it’s on the lower side.
Knowing what impacts the cost of your auto insurance premium will give you the opportunity to figure out if there’s any way to reduce your rate. Your insurance agent will be a valuable resource for helping you discover all the discounts you’re eligible for. Contact Enterprise Insurance Services at (334) 347-9133 or 334-599-0140, or visit them online to request a quote.