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What Determines Your Car Insurance Rates?

CAR INSURANCE What determines your insurance rate? TYPE OF CAR Make & Model 1 Percent of people think color affects the price. 25 IT DOES NOT. High powered, luxury, & “high-target" cars have higher premiums. AGE High Risk 2 25 and under pay higher. 70 and over pay higher. DRIVING EXPERIENCE - Driving record - Have you had a policy before? - Switching insurance companies? (Often new ones give you a better deal.) USAGE DRIVING RECORD 4 (higher mileage, higher premiums) - Miles a year - The better your driving record, the better your premium. YOU CAN SAVE UP TO 25% 68,000 WITH A SAFE RECORD LOCATION Average Cost is $791 - Vandalisn - Theft - Accidents - Higher rates in urban areas SOUTH DAKOTA $525.16 Least Expensive NEW JERSEY $1,157.30 Most Expensive CLAIMS HISTORY How many claims you've made: ON AVERAGE A DRIVER MAKES 17.9 YEARS AN ACCIDENT CLAIM EVERY LOYALTY 8. The more types of policies you have with one company, the less they cost. YOU 9 Your Occupation Determines Your Rate: HIGH Real Estate Brokers, Social Workers, Executives, Business Owners LOW Scientists, Pilots, Actors, Artists A Married people pay less BETO 50% AND $1,500 Good students Get discounts DISP 720+ Good credit will get you a better rate SOURCES: http://www.dmv.orginsurance/how-occupation-affects-auto-insurance-rates.php Christopher KIA.

What Determines Your Car Insurance Rates?

shared by jar155 on Oct 25
We take a look at the determining factors that go into deciding your auto insurance premiums. Things like age, location, occupation, and much more can greatly impact your rates.




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