Factors That Affect Your Auto Insurance Premium

Car insurance premiums are different for everybody. It depends on many different factors. Here are some things that affect your premium that you might not have known about!

Your car -

Certain types of cars cost more than others. If your car has anti-lock brakes or anti-theft devices, you may qualify for a discount!

How much you drive-

The more miles you put on your car, the more at risk you are to accidents and other violations. So, the more you drive, the higher your insurance.

Where you live and park your car-

If you live in an urban neighborhood, your premium may be higher. In urban areas, there are higher rates of vandalism, theft, and accidents.

Age & Gender -

Younger, less experience drivers usually pay more for insurance than older adults.

Type of Coverage

The type of coverage you have is one of the main factors that determine your premium. These coverages include liability, collision, comprehensive, medical payments, etc. There are also optional coverages such as towing, rentals, and sound system coverage.

Deductibles

This is the amount you agree to pay before your insurance kicks in due to a loss. The higher your deductible is, the less your premium is.


Reference - https://www.allstate.com/tr/car-insurance/factors-affect-your-auto-insurance.aspx