Factors That Affect Your Auto Insurance Premiums
After you get out of your teen years and start approaching your late 20s, you may assume that your auto insurance rates will automatically drop. While you may see a slight reduction in your premiums, they may not be as big as you were hoping. Since more than your age goes into deciding your auto insurance rates, there are many other factors that may cause you to shell out more money than you want. Even if you are a good driver, consider these factors that may be keeping your auto insurance rates high.
- Where you live – your ZIP code has a large effect on how much you pay for your auto insurance rates. If you live in a more urban area, you have a higher risk of getting into a crash or having your vehicle stolen, which means that you will be paying more for your coverage.
- The type of car you drive – even if you have all the newest safety features, your auto insurance company will look at the history of claims associated with the vehicle you drive. If you have a sporty, pricey car, you will pay more than if you have a family minivan.
- You are single – even if you have been dating your significant other for years, you are still considered single in the eyes of your insurance company. Only when you are married will you be able to benefit from lower insurance premiums.
- You have not been paying your bills – while your auto insurance company wants to make sure that you keep up with your premiums, they will also take a look at your other bills. Not paying your bills on time means that your credit score will suffer, leading to higher premiums.
Contact Kurt Rolf Insurance Agency in Hopkins, Minnesota for all of your car insurance coverage needs.