Living in America can be very expensive these days, especially in a large metropolitan area such as Miami, Florida. The average person has many bills to deal with including several expenses related to owning and operating an automobile. Some of these expenses include the cost of the vehicle itself, fuel, and a very important one- auto insurance.
Most people who purchase and keep insurance policies wonder why the premiums are so high. The answer? Insurance carriers themselves dictate how much car insurance will cost based on an individual, case by case scenario. There are many factors involved with the rating process however these 8 factors are the heaviest deciders. The companies are trying to determine how much of a risk you are going to be as one of their policyholders.
1) The type of vehicle you drive. Different makes and models utilize different safety features and carry different safety ratings from the government. In addition, certain high end cars are more attractive to car thieves and are also more expensive to repair if crashed or damaged.
2) Your Address. Living in an area with higher crime rates will impact your premiums as well, reflecting the risk of theft. In addition, if there are more accidents and submitted claims in your locality, premiums will be higher.
3) How you use your car. Operating your car to go to and from the workplace or for business purposes will incur higher insurance premiums than when operating the car to run errands or for leisure activities.
4) If you are a good driver. The better driver you are, meaning the less tickets and accidents you receive as a licensed driver, the lower your premiums will be. Driving very carefully and obeying all traffic laws will save you a significant amount of money on your car insurance. Drivers convicted of a DUI require Florida FR44 insurance and will pay significantly more.
5) Your Claims Record. Regardless of who is at fault, claims can and will make your insurance premiums higher. It is important to use precaution while driving, even to the point of using defensive strategies to avoid collision and accidents. Simply put, the less claims the better.
6) Your Age. Younger drivers, especially teenage boys, will see higher insurance costs due to statistics indicating they are riskier drivers and cause more serious accidents than other age groups. To a lesser degree, drivers aged 65 and older may see slightly higher premiums due to risk factors such as lower coordination and eyesight abilities.
7) Marital Status. Studies indicate husbands and wives are involved in less accidents than single drivers, hence command a lower insurance premium.
8) Credit Rating. Although it may seem unfair, insurance companies take your credit history into consideration when deciding the rate. The better your credit history, the more money you can save. Generally speaking, having good credit is valuable anyway.
Auto Plus Insurance Agency is a family owned and operated agency with over 25 years of experience. We are fast, friendly, and competitive. We represent A+ Rated Carriers such as Progressive Insurance Company and Mercury Insurance Group. Please call Cliff or Andrew Schimek for additional information or for a fast, free rate quote. We thrive on customer satisfaction, as indicated by our more than 150 positive reviews on google. Call today - (305)-278-1388