In the last post we have discussed about factors determining auto insurance premium rates.Now we are about to discuss more factors in this regard.
How frequently you drive - If you drive more than 15,000 mile in a year , you might be given a little higher rate than other. Its a basic terms of a insurance company that if you drive more, you have to pay more also.
How good a driver you are -If you think that you are a vry good driver, then getting low premium rates is easy for you.The insurance company always verify your past Comprehensive Loss Underwriting Exchange (C.L.U.E.) Report which reveals to them all claims you have applied in the past five years. The insurance company will also verify your driving record from state's Department of Motor Vehicles to ensure their terms & conditions will be totally fits you.
What kind of car your drive -The insurance company always looks for what kind of car you are using.If it is a low quality car which gives you a medium speed , the insurer surely gives you low rates.But if you want the auto insurance for a high-speed classy car, it surely cost you more.
What sort of coverage you choose -If you chose to get higher coverage, it will come with higher insurance premium rates, Some times it depend upon the nature of the policy you opted for & the additional coverage you asked for.
Insurance companies also offer different types of waiver, many insurance providers will reduce the auto insurance premium if you are a non-smoker, if your average driving per year is low...etc. Make sure to ask about all discounts offered by the company.
