Many factors affect the premium you will pay for auto insurance. Each is a statistically based risk for a specific population. The higher the risk associated with a person, the more he or she is likely to pay for coverage. We have elaborated on some of the risk factors below, but there are numerous others, including driver’s gender, miles driven per year, purpose for using the vehicle (commuting to work, using for work, leisure only), etc.

CANNOT easily change that affect your car insurance ratesAge Statistically, drivers under the age of 25 are at greater risk of being in an accident than those over age 25. Drivers between the ages of 50 and 65 generally have the safest records. . Gender Women are statistically safer drivers. . Marital Status A married person will pay less than a single person with an identical driving record. Factors you CAN change that affect your car insurance rates . Geography Where you live makes a difference.

Some neighborhoods also have a higher rate of vehicle thefts, which can result in a higher premium. . Driving Violations Having an accident or moving violations on your record (speeding tickets, DWI, reckless driving, etc.) put you at a higher risk for accidents and will likely mean a higher premium. Some insurance companies will penalize you for your record for as many as five years from when the incident occurred. However, keep in mind, as your record improves, your premium will get lower. .

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