What factors influence your auto insurance rates?

Shopping for auto insurance is always a little bit of a challenge, even though the internet and very reputable companies like Florida Insurance Now have made the process simpler and more straightforward than it ever used to be in the past.

At the same time, however, there are so many different factors that go into the auto insurance prices and rates you are going to be asked to pay that getting a handle on things in figuring out which ones you can control and which ones you can positively impact gets pretty confusing.

The factors that we highlight below are the most important factors that you need to pay close attention to when you are shopping for auto insurance. These are the factors that will impact your bottom line and your insurance payments the most.

Your gender and your age are both going to have a huge impact the auto insurance rates you are going to be asked to pay, especially if you are a young man. Young men – under the age of 25 – almost always a lot more insurance than young women, or any other driver, for that matter.

Your marital status is also going to have a big impact on your auto insurance. Married people are statistically a lot less likely to find themselves in automobile accidents, so they pay less for auto insurance than those that remain single.

Your address is going to be a big differentiator in your auto insurance rates, too. Auto insurance companies collect information regarding local traffic incidents, accidents, and insurance claims for your area and will factor in the risk factors that – and you may have to pay more for insurance if you live in a city than if you lived in the suburbs or a more verbal space with less traffic.

Of course, other factors are going to have a big impact on what you are asked to pay for your auto insurance.

Your credit score is going to have an impact on your insurance rates, the profession that you list when you file for insurance will impact your insurance rates, and obviously your driving history will also have an impact on the amount of money that you have to pay for auto insurance from companies like Florida Insurance Now.

How to save on car insurance?

At the end of the day, you want to control as many factors as you can to lower your insurance prices without compromising your coverage or protection.

  • Apply enough deductibles and save upto 40% on your car insurance
  • Car pooling helps reduce the mileage and hence reduce the car insurance upto 25%
  • Choosing a car with lower car insurance premium can save you upto 5-10%