Many factors go into determining your auto insurance premiums. While not all of them are under your control, there are certain actions you can take—like maintaining a good credit score and bundling policies—that will help keep your rates low. 

A Guide to Auto Insurance

What Will Change Your Auto Insurance Rates?

Your age is a major determining factor for your auto insurance premiums. Drivers below the age of 25 are charged higher rates due to their inexperience. However, your premiums will decrease as time goes on. 

Depending on the provider, your marital status may affect your rates. Married people will have lower rates than those who are single, widowed, or divorced. 

In Missouri, your credit score can also affect your auto insurance rates. The lower your score is, the higher the penalty that you’ll have to pay to maintain your coverage. Similarly, your driving record also matters. Those with accidents, tickets, or DUIs are considered high-risk and will have to pay higher premiums. 

There are also differences in rates depending on where you live. Those in rural areas pay less than those in cities, where thefts and vandalism are more likely.  

What Are Some Tips to Keep Your Insurance Rates Low? 

Many choose to bundle their homeowners and auto insurance policies under one provider. It’s not only convenient but it will also lower your rates. You can bundle other policies as well, including two vehicles for a substantial discount. It’s also possible to bundle more than two insurances, increasing your savings. 

As your car ages, it becomes less valuable. If you have a car that’s worth less than 10 times the premium, consider scaling back your coverage on it. 

You can also consider adding another driver to the insurance. However, the driver must be either related to you by blood or marriage and live in the same residence. When you have more than a single driver, many providers will offer a bulk rate. 

For over 90 years, our agents at Farmers Insurance Group have provided comprehensive and personalized auto insurance plans to the residents of the Ozarks. Whether you’re a new driver or an experienced one, we have plans that will give you peace of mind without breaking your budget. If you have any questions, reach out to us at (417) 926-7900. For more information on our coverage areas, visit our website.