My auto insurance went higher – approximately twice — since I moved to a rural location. That’s not at all what I expected to happen moving away from a large metropolis with awful freeway after-work traffic! There are more elements than you would believe determining the cost of your auto insurance.
So what impacts it?
1. Your age — and the age of the others in the home who may also access the automobile. They may not even be drivers yet, but they may be. So if you’re about to have a 16-year-old, they may factor in.
2. Location (how crowded the region is, how many accidents are recorded in the area every year, how many are uninsured and engaged in accidents).
3. Your gender (women often pay greater).
4. Occupation- someone who travels for work all the time may have a greater risk than someone with a modest commute.
5. Driving record- citations, accidents, and years of having a license all figure in.
6. Year, make, and model of automobile, even down to safety features might benefit or hinder your prices.
7. What coverages you pick for, and the deductible amounts you choose from.
8. Color of automobiles (brightly colored cars [red or yellow] cars are pulled over more often). Did you believe it was a fiction that your parents warned you to steer you away from a sporty automobile as a teen? Maybe bright colors merely attract to individuals with riskier tendencies, too.
