ifydcat Have you ever wondered how insurance companies come up with your Car Insurance Quotations? .The truth is there are several factors taken into account. While there are some factors you can change, others are really out of your hands. Here are a few of the factors that go into the calculation of car insurance quotes.
How Old You Are
Older people will have lower car insurance ratings than teenangers who just earned their licenses. Statistically, young and inexperienced drivers have higher accidents rates.
The Use of Vehicle
Annual mileage is a factor here, as are daily commute mileage and whether your car is used for business purposes. If you seldom use your car, then you will pay less for your car insurance. Obviously, if you seldom use your car in a week, for example, you will be less likely to have an accident than those who are more often use their cars.
The Car You Drive
When it comes to car and insurance, its safety statistics are important, and the average cost of repairs for your make and model figure in as well. An expensive import car will cost more to insure than a crossever or minivan.
Your Driving Record
If you have a better driving records you will surely pay less for car insurance than people with many tickets on their records. In other words, those with more moving violations will pay more for their car insurance quotations.
Where You Live
Most of insurance companies will ask where you live, they want to know how busy the streets are nearby your house. People who live in the city will usually pay higher for their car insurance than those who live in a village.
Credit History
You may not believe it, but your credit history is truly taken into account when it comes to figuring car insurace quotations. If you have a good credit history, you may pay less for your car insurance than those with bad credit scores. Please note, it is better to get four to five quotes before you decide which provider you will choose for your car insurance, since many of them can be vary.
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