Auto Insurance Factors influencing car insurance policy

[sincerem]

Several reasons can constitute to affecting your car insurance premium going up or drifting down.

Here are the factors that influence your car insurance premium going up or down.

* Age; Age of an individual can be considered as a major factor that influences your car insurance premium going up or down. Older people have high tendencies of incurring car accidents than adults from 25-50 years of age. Teenagers also, are threat to motor accidents that's why their premium for car insurance is low as well when getting better premium reward.

* Driving history; Every auto insurance company always checkmate the driver's past history to determine his or her future performance if accidents will occur frequently or not. Drivers with long history of not being faced with issues of accidents get high premium bemefits than accident prone ones.

* Years of experience; Auto insurance tend to offer higher premium to the newer drivers than the long experienced drivers when it comes to premium payment. The newer ones face the risk of encountering accident than their advanced counterpart.

Location; The location of any given area plays a major role to determine the premium policy of a driver, those residing in the city pays higher premium compares to the rural area drivers. Cos the availability of cars in the rural areas is low compared to thousands in the urban side, which can attract road accidents.

Do you have addition? you can feel free to put down below.

 

[Mika]

Age and vehicle conditions are the two biggest factors influencing car insurance. Another factor that influences car insurance is the car model. If your car is a luxury car, you might be able to insure for a big amount, however, if your car is a low-priced car, you will be able to insure only for a small amount.

 

[sincerem]

Age and vehicle conditions are the two biggest factors influencing car insurance. Another factor that influences car insurance is the car model. If your car is a luxury car, you might be able to insure for a big amount, however, if your car is a low-priced car, you will be able to insure only for a small amount.

That's it, that shows people will with better looking and sound vehicles will see their premium charges to surge due to the nature if their cars. No doubt age affects insurance policy, the younger and older people are known to be prone with car accident compare to matured adults.

 

[Bookwormlux]

Is there provision for a situation whereby the insurance companies get to cover only a certain percentage of a loss incured after damages to one's car? I just hope there is a provision for something of this nature especially for people who may not be able to afford full insurance coverage.

 

[Setho]

These are actually some very true fact that insurance companies normally consider before offering one and insurance cover . in my particular locations insurance companies also consider the type of work in which the car is being subjected to and the brand or model in order to know the particular scheme to place it in.