While general auto insurance coverage standards may be the same for
most places, usually premiums differ from insurer to the other. When it comes
to determining your premium rate, these are some of the things insurers look
out for.
Driving Record
Your driving sins can come back to haunt you when looking to buy an
auto insurance policy. Your driving record would tell the level of risk you are
to the insurer. If the records are not too impressive - meaning you've been
involved in multiple accidents - expect a higher premium.
Where You Park at Night
This may seem a bit weird but it does play an important role in fixing
your premium. If the parking area is not too safe, you should expect a higher
premium. This is because the risk of it getting burgled is quite high.
Type of Car
This too plays a role in determining premiums. The more expensive a car
is, the higher the premium. This is because it would cost more to repair or
replace an expensive car than it would in repairing a less expensive one.
Age
It is generally believed that older people drive more carefully than
their younger counterparts. Although this isn't the first of things to
consider, it can play a role when driving records are taken into account.
No comments:
Post a Comment