Factors That Affect Your Car Insurance Rate

When buying car insurance, there isn’t one set price for everyone. In fact, depending on many factors, you could pay more or less than someone else. 

Here are some factors that can affect your car insurance rate. 

Where you live. Insurance is more expensive in the city compared to rural areas. Cars are more likely to be broken into and stolen within the city limits. Accidents are also more common due to the traffic. 

Your driving record. Your insurance will go up if you have gotten into any accidents recently. You may also go up if you have gotten a ticket for any reason. 

Your gender. Insurance for males is often more expensive since they are more likely to be involved in car accidents. 

Your age. Certain age groups are also more expensive. Newer drivers should expect to pay more money for their insurance than their parents. 

Your marital status. Car insurance rates are lower for married couples compared to single people. 

Your vehicle. Older vehicles are cheaper than brand-new ones. Also, sports cars and luxury vehicles will cost more, because they are more expensive to replace. 

Use of the vehicle. If you drive a lot of miles, you should expect to pay more than someone who barely uses their car. 

Any prior insurance. You could also pay more if you lost your automobile insurance for some reason or another. If your insurance was canceled because you didn’t pay, you are going to have to pay more money now. 

The best way to make sure that you aren’t paying too much for your car insurance is to talk to a professional. If you are in Ft. Wayne, IN, don’t hesitate to contact us today at Wise Insurance Agency.