Factors That Affect Your Car Insurance Rate

There are many different factors that contribute to a car insurance rate. Some of these factors will not apply to you, but they can affect the overall cost of your policy. Ask your Mercury agent which factors affect your rate. Also, visit their resource center for more information. You can also read customer reviews about different insurance companies and their rates. In this way, you can make an informed decision about your policy. Having accurate car insurance information is crucial in determining the lowest rates possible. auto insurance quotes in new york

Gender is a major factor in car insurance rates. Men are often charged higher rates than women, in part because of riskier driving habits. According to an Insurance Institute for Highway Safety study, men involved in more car accidents, regardless of age, than women. However, not all states permit the use of gender as a rating factor. If you’re looking to purchase a policy in your state, check to see if you qualify for this benefit.

The number of drivers in your state will also affect your premium. Inexperienced drivers, especially teens, tend to face higher car insurance premiums than drivers with more experience. In fact, teenage drivers have higher crash rates than drivers of any other age group. However, in all other states and in Washington D.C., age is not an auto rating factor. Regardless of the state you live in, your car insurance rate will probably be higher for a young driver than for an older driver.

Gender, age, marital status, home ownership, and credit score are all factors that affect your insurance rates. Whether you have good or bad credit affects your car insurance rate, so you should get car insurance quotes before you purchase your next car. Only after you’ve received quotes, you should decide if the coverage level is within your budget. Another important factor in car insurance rates is the type of car you drive. If you drive less than 5,000 miles a year, you’ll likely pay a lower premium.

A DUI conviction will affect your car insurance rates, as will several other factors. However, the most important factor is the type of insurance you get. A DUI can raise your car insurance rates by as much as 75% compared to a driver without a DUI

The age of the driver also plays a major role in auto insurance rates. Younger drivers are often considered riskier drivers than older ones and will typically pay more money for insurance. Insurers will look for younger drivers to reduce risk, so consider this factor when shopping around for car insurance. The average cost of full coverage car insurance is $1,771 annually, but this number can vary widely. If you are concerned about your age, you should talk to your agent before making any decisions.