What goes into Determining my Auto Premium?

Insurance companies consider many factorsyou can afford.Driving Record: Clean driving record
before they provide you with an auto insuranceis important to getting a lower rate. If you do
quote. Here is some of the basic information thathave a violation, attend a driver's education class.
goes into compiling your auto quote:Age:This may help to reduce your rate. Some
Insurance companies like older more experiencedinsurance companies will not insure drivers with
drivers. According to the CDC (Center forvery poor driving records.Credit Score: Yes, that's
Disease Control and Prevention), 16 to 19 yearsright. Credit score. Your credit score is also used
olds are four times more likely than older driverswhen securing insurance. It is called an insurance
to be involved in a car crash. Premiums tend toscore. Studies indicate that the way a person
decrease as the young driver ages.Type of Car:manages their finances is a good predictor of the
Brand new, expensive, fast cars are morepotential for insurance claims, therefore they
expensive to insure than older, slower cars. Checkcharge a premium in accordance with the risk
to see if the car you're interested in insuring is athey are assuming. According to statistics, people
high risk car, meaning that it is often stolen orwith lower insurance scores are more likely to file
vandalized. For instance, in 2004, the 1995 Hondaclaims.Deductibles: The higher the deductible, the
Civic was the most stolen car in the US accordingmore you save in premium. Go as high as you
to a report released in November 2005 by thecan afford.Underwriting guidelines vary slightly
National Insurance Crime Bureau. Discuss this withfrom company to company, so get more than
your insurance agent before you select a car. Theone automobile quote and compare.
cost of insuring it might determine how much car