10:40 AM Car Insurance Premiums - State Farm. | ||||
#cost of car insurance # Continue a QuoteCompanies may look at a variety of factors to determine your car insurance premium including: What You Buy
Find out more about types of car insurance coverage . What Kind of Car You DriveIf you are buying or selling a car, you will need to re-evaluate your insurance needs . Generally, the more expensive the car, the higher the car insurance price. Where You LiveGenerally, due to higher rates of vandalism, theft, and accidents, urban drivers pay a higher car insurance price than those in small towns or rural areas. How Much You DrivePeople who use their car for business and long-distance commuting normally pay a higher car insurance premium than those who drive less. Your Age, Sex and Marital StatusAccident rates are higher for all drivers under age 25. Your Driving RecordAccidents, regardless of fault, may impact the rate. Drivers in accidents generally must pay higher car insurance premiums than those who are accident-free for several years. Your Credit HistoryCredit history has been shown to be a powerful predictor of future car insurance losses. Many insurance companies consider certain credit characteristics in addition to many other factors when determining an individual's car insurance premium. What Can I Do to Save Money on My Car Insurance Premium?If you're shopping for a car, consider how your choice will affect car insurance premiums. Some insurers increase premiums for cars more susceptible to damage or occupant injury, and lower rates for those that fare better than the norm. Consider joining a car or van pool, or finding other transportation to work. If you reduce your driving mileage enough, you may lower your car insurance price.
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