Meghan Belnap https://www.ilinsurancecenter.com 2m 499
The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
Calculating insurance premiums is more complicated than most people realize, and your insurer might take dozens of different factors into consideration. As a driver, it is vital that you know all of those factors so that you can keep your premiums and deductibles as affordable as possible.
Age
When an insurance provider is determining your premiums, one of the most important pieces of information that they are going to look at is your age. Younger drivers tend to get into accidents at much higher rates, and that is why an insurance provider will set the premiums slightly higher for those who are under a certain age. Luckily, those higher premiums tend to drop as an individual grows older and has a lengthy driving record with no accidents or tickets.
Driving Record
Anyone who has ever caused an accident or gotten a ticket knows that their insurance premiums typically change within just a few weeks. Your driving record is a huge piece of the puzzle, and that is just one of the many reasons why you should continue to be a safe and cautious driver. When you go for more than a year without a ticket or accident, you might want to contact your car insurance provider to see if they will lower your premiums.
Your Vehicle
In addition to looking at the type of vehicle that you drive, where you drive and park it will factor into your insurance as well. An expensive vehicle in an area that has a large number of accidents and auto thefts will have much higher premiums than an older vehicle that is parked in a quieter area. If you have any additional safety and security devices on your vehicle, then you should tell your insurance provider about them to see if they offer any discounts.
Deductible
Those who are struggling with high insurance premiums might want to consider speaking with their auto insurance providers about altering their deductibles. Your deductible is the amount of money that you will pay out of your own pocket before your insurance kicks in, and it has a big impact on your premiums. As long as you are a safe driver, raising your insurance deductible by a small amount could end up saving you quite a bit of money over the years.
These are just a few of the factors that are taken into consideration when determining premiums, and that is why you need to work with a reputable insurance company. Your provider should be able to provide you with a comprehensive list of variables that they utilize so that you can minimize your premiums without sacrificing your coverage.
About the Author
Meghan Belnap is a freelance writer who enjoys spending time with her family. She loves being outdoors and researching new topics that help to expand her horizons. You can often find her buried in a good book or out looking for an adventure. You can connect with her on Facebook right here and Twitter right here.
(
