Your driving history is probably the single most important factor that determines your car insurance premiums, but insurers weigh several other variables when setting the price. Some of these might be outside your control, but many do provide an opportunity for drivers to lower their premiums. Below are a few things that can impact your auto insurance costs beyond your driving record.
What Affects Your Car Insurance Premiums?
1. Your Neighborhood
Insurance companies have access to a massive amount of data detailing an area’s auto accident rate, crime patterns, and even the quality of the roads. Depending on these factors, insurance rates can change dramatically from one neighborhood to the next.
2. The Car You Drive
As a general rule, vehicles with higher safety ratings are less expensive to insure than those that are more prone to accidents. Many agents recommend checking insurance rates before buying a vehicle, which can save thousands of dollars in the long run.
3. Your Credit Rating
Insurers have also noticed a strong correlation between a person’s credit score and the likelihood that they will eventually file a claim. In fact, your credit rating has become one of the most important considerations determining your car insurance premiums.
3. Where You Keep Your Car
Comprehensive insurance covers things like theft, storm damage, and other risks that occur when you aren’t driving. Keeping your car in a garage or in a secure parking area dramatically reduces the likelihood of a claim and, therefore, your insurance premiums.
As an independent insurance agency with over 30 years of experience, Lafever Insurance Agency in Cookeville, TN, will ensure you get the coverage you need at the best price possible. They pride themselves in offering car insurance policies for everyone—with no one refused, no matter what your driving history looks like. Call (931) 526-3377 to request a quote and make an appointment today.