The Top 5 Factors that Determine your Car Insurance (Part 1 of 2)
Ever wonder why car insurances seem to be different from one another? We all want the same coverage and still, some just have higher premiums than the others. The following are the top 5 factors that affect car insurance premiums.
Age – younger drivers, particularly teenagers, receive higher premiums for nothing else but age. Inexperienced drivers also receive this because their not yet considered “mature” with their driving. There is really nothing that can be done about this: you get older, you get better at driving and your rates will eventually go down.
Auto Insurance Companies – now this is something you can control. Despite the determining factors, some companies just offer lower rates than others. It’s up to you to choose.
Gender – like age, there is really nothing you can do about this. Men are generally perceived to be the potential dangerous drivers and not the females. hence, females get lower rates.
… to be continued…