Share:

In your quest to find affordable car insurance, you might discover that the cost of coverage can vary significantly. The prices that your friends and family members pay may be far different from what you’re quoted, even if you’re looking for the same type of policy. This is because there are many factors that influence the rate you’ll pay, some of which are listed below. 

5 Factors Influencing Car Insurance Rates

1. Geographic Location

Areas facing heavy traffic are more likely to see accidents. If you reside or work in a congested place, your premium may start a bit higher than it would if you lived in more of a rural area. Factors such as local crime, including car thefts, will also be considered.

2. Personal Factors

Age, marital status, and gender are all examined when you request a quote. In general, people over the age of 25 are able to find more affordable car insurance than younger drivers, as they typically have more experience. Men also pay more when they’re younger due to a higher rate of accidents, but may actually pay less than women when they’re older. Married people also have lower rates, as they tend to be involved in fewer accidents.

3. Driving History

affordable car insuranceOne of the most important influencing factors for policy rates is your driving record. Having tickets and a history of accidents can cause your premiums to climb, and someone with an especially poor driving record could be denied coverage altogether. Fortunately, most tickets come off your driving record over time, so you’ll wind up paying less the longer you avoid traffic violations.

4. Driving Habits 

In addition to your track record behind the wheel, your regular driving habits will also be a factor in the cost of your insurance. The more time you spend on the road, especially during high-traffic hours, the more your insurance may go up, as insurance companies consider commuters more likely to get involved in accidents.

5. Vehicle Type 

Drivers of lower-value vehicles are usually better able to find affordable car insurance. Vehicles that are targeted by thieves, like brand-new sports cars, may drive premiums up. Yet, the size and safety of a vehicle can also influence insurance rates. A larger vehicle with a strong safety rating will typically fare better in an accident than a smaller car with a poorer rating. Therefore, a safer vehicle will usually be more expensive to insure. 

 

If you’re seeking affordable car insurance in the Cincinnati, OH, area, look no further than Bob Shropshire Bail Bonds. Their team offers the best rates on insurance and convenient payment plans so you can pay your policy off over time. They’ll help you find the best policy to meet your unique needs. Find out more on their website, or request a quote by calling (513) 721-3915. 

tracking