The number of miles you drive annually and previous accidents are considered your driving history. If you drive less miles, you are considered less likely to have an accident. If you don't have a history of accidents or moving violations, you are considered a safe driver, and less likely to file a claim.
The Type of Car you Drive
Insurance premiums are based partly on the sticker price of a car, how much it would cost to repair, its overall safety, and the likelihood of theft, according to the Insurance Information Institute. The cost to repair a new $225,000 Ferrari is going to be substantially more than a used $30,000 truck at your Dodge dealership in Jefferson City.
Insurance companies look at factors such as age groups and whether you are male or female. They base their rates on previous insurance claims made by drivers. A teenage boy's rates will be higher than a middle-aged woman because statistically teenage boys have more accidents. Your occupation can affect your insurance rates, if you do a lot of driving. An outside sales job, such as a real estate agent may be more at risk of having an accident. Car insurance companies also look at local costs of medical care, auto repair, and whether your area has a high number of auto thefts.
Consider Use-Based Insurance
Use-based insurance is more tailored to you and your personal driving record. You will not be paying premiums based on what people similar to you are paying. This means a teenager with an excellent driving history could have more affordable rates. Use-based premiums are based on components such as mileage and driving speed and vary among areas and insurance companies.
Ask About Discounts
Explore all of your options when shopping for insurance. There are discounts for low-mileage drivers, seniors, good students, and cars with anti-theft and other safety devices. Generally, using the same company for your home and autos will give you a discount as well. Ask your insurance agent for a list of discounts.
Get Your Next Vehicle at Spieler's Inc.
Spieler's Inc. has been your family-owned auto dealer in Jefferson City since 1968. Let us help you find your next Dodge, Chrysler, or Jeep. We want you to have first-rate protection on the road for yourself and your new vehicle. Do some research so that you get the best car insurance rates possible. We look forward to handling your next vehicle transaction!
Proudly Serving the Columbia,
Jefferson City, and California, MO Areas