Whether you drive a Toyota Camry, a BMW 3 series, a Honda Civic, or some other type of car, a number of factors can affect the cost of your automobile insurance — some of which you can control and some that are beyond your control. Some of these factors that affect the cost of your auto insurance include:
- The type of car or vehicle you drive
- The purpose the car serves
- Your driving record
- Where the car is garaged
- Your coverage and deductibles
- Your marital status
- Your age and gender
- How often you drive
- How far you drive
- Your credit history
Even your marital status and location of residency can affect your cost of car insurance. Statistics show that married couples tend to have fewer and less costly accidents than do single people. Studies also show that urban drivers generally pay more for car insurance than drivers in small towns or rural areas due to higher rates of vandalism, theft, and accidents.
Age and gender also play a significant role in your auto insurance costs. Accident rates are generally higher for younger drivers under the age of 25, and auto insurance prices in most states do reflect these differences. Younger drivers may also be in line for a discount if they are student drivers. Additionally, many car insurers also provide discounts to student-drivers who maintain good grades and offer lower premiums if student-drivers take certain driver safety courses.
If you have any additional questions regarding your auto insurance coverage and costs, feel free to call us at 415-386-2283!
Contributor: Smruthi Sriram