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Factors you cannot easily change that affect your car insurance rates:
• Your Age
Statistically, drivers under the age of 25 are at greater risk of being in an accident than those over age 25. Drivers between the ages of 50 and 65 generally have the safest records.
• Your Gender
Women are statistically safer drivers (sorry guys).
• Your Marital Status
A married person will pay less than a single person with an identical driving record.
Factors you CAN change that affect your car insurance rates
• Your Location
Where you live and work makes a difference. Folks living in certain areas with little or no traffic are likely to spend less on insurance than those living in congested cities or suburbs because areas with a lot of traffic tend to see more accidents. Some neighborhoods also have a higher rate of vehicle thefts, which can result in a higher premium.
• Your Driving Violations
Having an accident or moving violations on your record (speeding tickets, DWI, reckless driving, etc.) put you at a higher risk for accidents and will likely mean a higher premium. Some insurance companies will penalize you for your record for as many as five years from when the incident occurred. However, keep in mind, as your record improves, your premium will get lower.
• Your Vehicle Type
A cheap car will cost less to insure than that status symbol SUV sitting on 24" rims.
• Your Accident Claims
A driving record that is clean and free of accidents will hold fare better for you than lots of tickets and/or accidents.
• Your Credit History
Many insurance companies view having a poor, or even no credit history as suggestive of higher risk and thus, charge you a higher premium.
• Your Occupation
Insurers have statistically found a correlation between your occupation and risk of filing claims. For instance, a newspaper delivery person is most likely a higher risk than the personal banker sitting at their desk all day.
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