 Last time you thought about buying a car did you consider the expenses that come with it? A car is an added responsibility. You need to gas it up, maintain it, and repair damages if there are any. Also, you need to pay tolls to pass through highways. A car is a big investment which is why you also need to buy insurance for it. Ever wonder how car insurance companies get their rates? Many people think that car insurance is costly. While that might be true, it doesn’t have to be the case. There are ways that we can reduce our premiums, and that is through discounts. But before focusing on discounts we need to understand the factors that affect our insurance rates. Your Vehicle
Insurers base car insurance premiums on the car you own. Often, they look into the potential costs of repairing or replacing your car when it gets into an accident. If your vehicle is expensive than the average car, you’ll have a higher premium. Credit History Credit history, or credit score, is a way to measure how responsible you are with your financial obligations. If you have a poor credit score, chances are you’ll be in for a higher premium. We have some carriers who don’t rely on credit score as much also so if you don’t have good credit give us a call because we can help. Driving History When you request a quote we’ll often check out your driving history. If we see that you’ve been involved in several accidents or you’ve violated some traffic rules you’re undoubtedly going to pay more. Your Neighborhood Some insurers charge higher premiums to those who live in densely populated areas. That’s probably because there are higher chances of accidents, vandalism, and theft. Thus, urban drivers pay more auto insurance coverage than rural drivers even if they own the same car. Gender Believe it or not, your gender affects your insurance rates. Kind of sexist, right? We know a lot of men who claim that they are better drivers, but they are actually riskier to insure. That’s because they are more likely to get a speeding ticket, get a DUI violation, and get involved in an accident. Thus, male drivers pay more on insurance than their female counterparts. Based on those factors (although there are many others) you’ll better understand how your insurance premiums are calculated. From there, you can take the next step of finding the right discounts and carrier reduce your premiums. Just bear in mind that you shouldn’t compromise your coverage for lower rates. At Robert Nichols Insurance Group, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (561) 406-6153 or Click Here to request a free quote.
32 Comments
4/4/2019 09:17:53 am
Does opting for emergency roadside service increase your rates? I help a lot of people who have roadside service coverage and I've always wondered if it increases their rates by having this coverage. I've heard some insurance companies include it, but does it actually increase their rates? 4/4/2019 09:23:33 am
Does including emergency roadside service on your policy increase your rates? I help a lot of people who have roadside service coverage and I've always wondered if it increases their rates by having this coverage. I've heard some insurance companies include it, but does it actually increase their rates? 3/2/2020 07:43:08 pm
Wow, thank you for informing me that cars that are more expensive often have higher premiums! I have been thinking that I need a car. I have all of these desires to go travel across the country, but I cannot because I cannot drive anywhere. My sister was trying to help me look, but I really appreciate your insurance tips. Your tips give me a lot of clarity so that I can find the perfect car and insurance. 5/26/2020 03:52:54 pm
That's good to know that the price of your car can affect your insurance rates. My sister is looking to buy car insurance and is trying to figure out about how expensive it will be. I'll share this with her, so she can see if the information will help her keep her rates down or at least make a budget for her insurance. 6/2/2020 09:20:44 am
It's good to know that your car insurance rates could be impacted by your credit score. My sister has been telling me about how she wants to ensure that she's financially protected in the coming weeks. I'll share this information with her so that she can look into her options for car insurance companies that can help her with this. 6/28/2020 10:26:55 pm
I'm planning on buying my sister a car and purchasing auto insurance for her as she just got her driving license. It's interesting to learn how the car insurance premium depends on the car I get her. Since she is a new driver, I will opt to get her a small car which will reduce the premium significantly. Thanks for this helpful article. I will look into getting her a small car and look for an auto insurance service for her policy. 7/15/2020 11:58:59 am
It's interesting that you mention that auto insurance can help protect you financially in case your car gets damaged. I'm thinking about buying my son his first car this summer, so I will definitely want to purchase some auto insurance for it. I'm going to search for a reputable business in the area that can sell me an auto insurance policy. 8/3/2020 07:00:01 am
I like what you said about making sure that you have a good credit score to get good auto insurance rates. My sister wants to make sure that her car insurance doesn't cost too much in the coming weeks. I'll share this information with her so that she can look into her options for insurance professionals who can help her with this. 8/9/2020 12:29:19 pm
Thank you for explaining that our driving history will impact our chances of auto insurance. My brother is planning to change his auto insurance. Thankfully, his driving excellent is great as he never got a ticket or involved in an accident! 8/11/2020 11:24:55 am
Thanks for pointing out how insurance companies will look at how much your car compares to the average car and base your premium on that. I have always wondered how they choose how much your insurance will cost. It's good to know that they won't charge too much if you have an average vehicle. 8/26/2020 07:14:19 pm
I'm planning to purchase an SUV this coming month, which is why I'm also shopping for auto insurance, so I'll be protected, just in case a damage occurs. I never knew that the more expensive the car is, the higher my premium will be. Thank you for also elaborating here that users will check my driving history before providing me a quote. 9/28/2020 09:32:58 pm
It never occurred to me that our neighborhood can influence the rate of our auto insurance. But now that I think about it, it makes total sense that an area with a high crime rate would have a more expensive insurance compared to a safer neighborhood. I will keep this information in mind for when I apply for auto insurance for my kids. 10/7/2020 11:28:32 am
Thank you for explaining that the type of car that we drive can impact the cost of auto insurance premium. My brother recently bought a mustang for himself. Since he is planning to get insurance, I will remind him that it will influence his insurance cost.
Deciding on how much car insurance you wish can be uncertain. You’ll have to be know how much scope the law requires you to have and guarantee you’ve got the acceptable range to make sure your resources and yourself. There is a need for car insurance are outlined to make sure you, your resources, others, and property within the occasion of a collision, robbery, or normal catastrophe. You pay a small each month for the comfort of knowing merely won’t have to pay an expansive entirety within the occasion of a disaster. Several following sorts of insurances are described above stated in this article that it is beneficial to decide what auto insurance you do need.<a href=” https://newsronic.com/”>Read more</a> 12/3/2020 09:21:25 pm
You made a good point when you shared that the insurance rate will be higher if the cost of repairing your car is expensive, especially if you choose to get the premium car brand. My brother just told me the other day that he is planning to get a car for himself since he has been using my dad's old one for quite some time and it is time for him to upgrade to a better one. I will suggest to him getting a vehicle that is affordable so the insurance rate will not be too expensive. 12/10/2020 11:35:38 am
My cousin has been thinking about how she can take better care of her first car. She would really like to get the right insurance coverage from a professional in order to be more effective. I liked what you said about how history, and living in a more populated area can increase the insurance rates. 1/12/2021 09:27:52 am
Wow, I never knew that a car insurance company measured your vehicle with your driving history. I'm thinking of purchasing a car, and I want to have it insured. Since I don't have a bad driving history, I think I don't need to worry about that, but it's interesting to know about. I think it's important for a company to know what kind of person's car they will insurance. Thanks for the information about what aspects affect car insurance rates. 1/15/2021 06:20:21 am
I didn't realize that part of the cost of your premium depends on how expensive your car is. My brother is looking to insure the first vehicle he has purchased on his own. I will have to let him know that insurance companies will look at his driving history as well as the worth of the car when determining his premiums. 1/27/2021 03:25:11 am
I was looking to buy car insurance last week and was trying to figure out about how expensive it will be. Finally I ended up by purchasing the affordable car insuance package from SPI insurance company.It is best in my eyes 1/27/2021 10:33:22 pm
Thanks for explaining that it would be smart to consider your neighborhood when you are picking out insurance. I hadn't thought about that when it comes to car insurance. It does seem like a good thing to get a professional to help me find auto insurance. 2/1/2021 12:36:43 pm
It's good to know that they will check your driving history. My sister was telling me last night about how she got her first car recently, and that she wanted to know some tips on getting insurance for it in a couple of weeks. I'll make sure to pass this information along to her so that she can know more information about car insurance rates. 2/2/2021 02:03:18 am
I was looking to buy a car tracker and was trying to figure out about how expensive it will be. Finally I ended up by purchasing the affordable car tarcker package from United Track System. The cost of your package depends on how expensive your car is It is best in my eyes. 2/9/2021 12:38:27 pm
Wow, I had no idea that just because I live in a rural area, I pay less than an urban driver. I might get my kids' cars now so I can set them up with cheaper insurance. I'll have to find a provider that I trust first and see what they think. 6/15/2021 12:23:17 pm
I appreciate you helping me to understand that a poor credit score will result in a higher insurance premium. If you are looking to purchase a vehicle, it seems like it would be a good idea to work on fixing your credit score first. In addition to that, you could also look for an insurance company that works with people that have lower credit scores. 7/15/2021 08:46:40 am
I didn't know that if you live in a city you can get charged more for car insurance. My wife is from a big city and she remembers moving to my small town and her insurance going down. At the time she thought it was just because we had better deals here with local insurance companies, but maybe it was just because of the size of the town. 9/7/2021 07:50:32 am
I want to make sure that I get the right car insurance plan for me. It makes sense that I would want to consider the different things that could affect the price of this. I'll be sure to keep that in mind as I look at different plans. 11/30/2021 02:16:13 pm
I'll be sure to work on my credit history. That way I can get a good insurance plan. Otherwise, I might end up paying a lot of money. 1/6/2022 01:06:56 am
If your geographic location is more prone to auto accidents, vehicle vandalism, auto theft, and natural disasters like hailstorms, you may want to take your time to shop for the best insurance rates. Otherwise, most insurance agents will slam you with high rates. Thanks for pointing out that our vehicle can also be a factor in the rate of coverage. As you mentioned, having a more expensive car will also lead to higher premium rates. With that in mind, I should probably have an affordable car insurance coverage for my vehicle, since it is quite an older car because it's what I can only afford. 5/27/2022 11:47:42 pm
It really helped when you said that the type of vehicle we have can affect the auto insurance quotes. As you mentioned, the companies will look at the potential costs that your car might have regarding repairs or replacement that is why it can be a factor. I guess I might have lower rates when I ask around, because the secondhand vehicle I bought has security features in it that is why I chose it. Leave a Reply. |
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