Chillicothe, Ohio
96 E 4th Street
Chillicothe, OH 45601
(740) 773-1620
Hummel & Plum Insurance is located in Chillicothe, Ohio. We specialize in all types of insurance: Home Insurance, Auto Insurance, Life Insurance, Health Insurance, Business Insurance and Specialty Risk Insurance.

5 Factors That Help Determine Your Car Insurance Costs February 6, 2018

Chillicothe, Ross
5 Factors That Help Determine Your Car Insurance Costs, Chillicothe, Ohio

Contrary to how it may seem, the quotes you receive when shopping around for car insurance aren’t arbitrary numbers. Insurance companies consider several factors when assessing how much of a risk you will be to insure. In turn, this is how they determine how much your premium should cost. The easiest way to ensure you’re getting the best deal is to work with an experienced agent at Hummel & Plum Insurance Agency. They offer the residents of Chillicothe, OH, quality products at competitive prices to ensure every client has adequate protection. Below, they go over some of the most common factors that influence how much you pay for car insurance.

5 Aspects Used to Calculate Your Car Insurance Premium

1. Where You Live

One of the first factors insurance providers look at is where you live. Those who reside in areas with a dense population and higher crime rates tend to pay more for car insurance than those living in rural areas.

2. What Coverage You Choose

Your premium will also depend on the type of coverage you buy. Your insurance agent will help you decide what the best option is based on your needs and budget.

3. Your Driving Recordcar insurance

Your driving record is one of the most significant factors that impact your insurance rate. If you have a history of traffic violations or accidents, you will pay more than someone with a clean record.

4. Your Vehicle

The vehicle you drive is also taken into account when calculating car insurance. Generally, newer cars and luxury brands cost more to insure, as do models that are regularly sought out by thieves.

5. Your Credit Score

Many insurance companies use credit scores to measure the risk level of drivers as well. Typically, those with lower ratings are considered to be more likely to file a claim than those who have a good score, which means their rates are higher.

Understanding all the factors that contribute to your car insurance costs will help you identify where you could be saving money. Your agent at Hummel & Plum Insurance Agency will not only thoroughly evaluate your situation to help find you the most suitable coverage, but they will also ensure you’re receiving all the discounts you’re eligible for. Contact them at (740) 773-1620, or visit their website to request a quote.

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