There are so several factors that go into the price of car insurance, including the type of vehicle you drive, where you live, the insurance rules and regulations in your state, your age or gender, and also your driving record. Insurance companies are unusually secretive about the factors they use to define value, but there are still some regular factors that can help savvy consumer’s spot patterns.
When it comes to industry methods and secrets, you can’t figure out yourself, so we’re here to help you.
The costs are base on profiles for both male and female car drivers aged 18, 25, 35, 60, and more. Three auto insurance coverage levels were used, such as were credit tiers of good, fair, and weak. And also clean driving records and records with one accident, a one speeding violation.
The different kinds of car insurance customers mentioned above can usually expect to pay various costs for auto insurance based on the risk factors they present. For example, teen drivers are the least experienced on the road, and statistically, this group has the highest risk of causing an accident. But even within the teen demographic, there are differences in average car insurance prices when you look at male and female drivers in that age group, based on statistics that show one group is a higher risk on the road than the other.