Many factors contribute to auto insurance rate quotes regardless of the carrier you select. Here, learn some of the most common factors insurance companies use to assess driver risks and determine the monthly premiums. And while some are beyond your control, others aren’t, and you can keep your rate where you want.

What Influences Auto Insurance Rates?

1. Driving Record

A clean driving record helps control your auto insurance rates, while incidents that add points to your license can cause them to spike. Accidents, DUI violations, and tickets for speeding or driving with damaged taillights can all increase what you pay for coverage. If your record is virtually spotless, you’ll enjoy lower rates because the carrier will not view you as a significant risk.

2. Career

What you do for a living impacts your insurance premium. For example, if you own a flower shop and make deliveries regularly or have a job that requires getting behind the wheel every day, your accident risk and rate increase. Conversely, if you work from home and only use your vehicle a couple of times a week for errands, your rate lowers.

3. Credit Score

Your credit score impacts your auto insurance rate because drivers with poor credit reportedly get in more accidents than those with good credit. Most carriers consider poor credit between 300 and 579 and good credit between 580 and 800.

4. Location

Where you drive also helps determine your rate. For example, if you live in a rural area that sees little daily traffic, your accident risk lowers, and you’ll receive a reasonable rate.

If you live in a busy urban area susceptible to numerous accidents every day, expect a higher premium. Where you park your car plays a role as well--if you park in a garage, damage chances decrease compared to parking on the street. 

Whether you are a high-risk auto insurance prospect or not, expect personalized service from Allstar Insurance in Lincoln, NE. The insurance company specializes in high-risk insurance for cars and motorcycles while also offering liability, motor home, renters, and homeowners policies. Call (402) 477-0900 today to get started or request a quote online. Like the Facebook page for driving tips.