Your auto insurance rate is something that relies on many variables, what are these variables that can affect your auto insurance rate?
Life is nothing but change. From the early universe composed of a scorching soup of quarks and electrons changing into the universe we know today, to you deciding you want to change from a sports car person to a minivan person.
Your auto insurance policy is also subject to change, but these changes are directly dependent on your life choices. Here are a few factors that can affect your auto insurance policy.
- Car Make & Model
The car make and model may not seem that important because a car is a car, right? Well, some cars have some safety features that others lack which can decrease the severity of injury, which in turn lessens the frequency of injury insurance claims. Additionally, there are some car parts which may be more expensive to replace in some cars than in others.
- Traffic Violations/Accidents
Insurance premiums are based on statistics–more specifically, your risk factor of being involved in a future accident and filing a claim. Insurance companies can determine this risk by looking at your previous driving record. If you get into an accident or get a traffic violation, you can expect your premium to rise because your risk of filing a claim has risen.
- Change of Residence
Again, statistics rule your premium. Some zip codes have a higher crime rate than others. So even if you move down the street, if your new zip code has a higher crime rate, your premium will likely increase.
For all of your car coverage needs to keep all of your vehicles protected, contact C.V. Mason Insurance Agency in Bristol, Connecticut. We will work with you to ensure you have the right amount of auto insurance coverage, all at the right price to fit your budget.