If you are involved in an auto accident, having car insurance is integral. This coverage can cover expenses you might otherwise have to pay out-of-pocket, including property damage and injury liabilities. Maintaining a policy will also help you stay legal on the road and avoid the consequences of being an uninsured motorist. While many people have this coverage, most are unaware of how to secure a great deal. If you’re shopping for auto insurance, below are a few potential matters that may determine the cost of your auto insurance premium.

5 Factors That Impact the Cost of Auto Insurance 

1. Driving History

Many car insurance carriers offer discounts for consistently reliable drivers. But if you have a poor driving history, such as one that contains speeding tickets, accidents, or drunk driving incidents, your insurance provider will increase your rate to accommodate for the perceived extra risk that you present. You might also be considered an extra risk if you’re a younger driver that barely has any sort of established history on the road.

2. Location

Where you live and drive may impact your policy premium, because different areas may present different levels of risk. For example, policyholders that live in a quiet suburb may be able to save on their coverage because the neighborhoods have proper safety signage and a low collision rate. The high amount of traffic in a metropolitan area, however, may result in an increased premium.

3. Amount of Coverage

If you want to keep your premiums as low as possible, then you might prefer the minimum liability auto insurance as required by the state. However, if you want to increase your protection, such as by purchasing collision or comprehensive coverage for your car, you can expect to see your rates increase as well.

4. Average Commute

The more time you spend behind the wheel, the more likely it is that your auto insurance coverage will get costlier. People who only drive a few miles every week present less risk than daily drivers, and in turn, often qualify for lower rates.

5. Deductibles

Whenever you make an auto insurance claim, you may need to pay a deductible before your insurance covers the remaining cost. Having a higher deductible means you’ll have to pay more if an accident happens. Lower deductibles mean you’ll be paying more on your policy, but will have less of a financial obligation when it’s time to make a claim.

When you want to get optimal coverage for an affordable price, Truax Insurance is here to provide a wide range of auto policy options from many different insurance carriers. Taking a personalized approach, these Sandy Creek, NY, agents will help prepare a plan that adequately addresses your risks but without breaking your budget. Visit this local agency online to learn more about their impressive product selection or call (315) 387-3113 to request a free auto insurance quote.