Wednesday, December 27, 2017

Factors that May Impact Your Auto Insurance Rates

As a state law it is required for all automobiles on the roadway to be insured. You may have noticed a change in your insurance rates throughout the years and wonder why this may be. Here at Spieler's Incorporated, we know how important it is to stay informed about the various conditions that may have an impact on your auto insurance. To learn more about what factors may be impacting your vehicle insurance rate, take a look below.


It is commonly known that the age, gender, and location of each driver can help determine the cost of insurance. Many times, a younger driver will have higher insurance costs due to inexperience and a higher risk of being involved in an accident. If you live in a rural area, you are more likely to have a lower rate than someone living in a highly populated region. As a driver gets older, the rate for insurance typically goes down as they are seen as less of a liability due to maturity.

Annual Mileage

The number of miles driven each year is a number that your insurance company may take into account. If you put a lot of miles on your vehicle, you are more likely to be involved in an incident or have a claim. The lesser number of miles, the less likely you are for getting into an accident.

Driving Record

A major factor in insurance rates is your driving record. This can help an insurance company determine how likely you are to make a claim depending on your claim history and driving record. A lower rate will be offered to someone who has never been involved in an accident than someone who has had a number of claims on their record.

Vehicle Use

The rate may vary for difference vehicle uses. Commercial use, personal use, and collector use are all coverage options you may purchase, depending on how you plan to use the vehicle. A collector vehicle may not see the road very often, therefore it is likely eligible for lower insurance rates.

Vehicle Type

The type of vehicle you drive has an impact on your auto insurance rate. Safety ratings, theft ratings, and purchase price are all factors that are taken into account when calculating your rate. It's a good idea to inquire about the new ride you plan to purchase that way you know the insurance cost upfront.

While many of these factors can have an impact on your insurance rates, it's important to calculate the cost of insurance as you are shopping for a new ride. If you plan to buy a car for sale in mid-MO, be sure to stop by our California, MO car dealership. Our professional sales staff can help you narrow down your search and find the perfect car for you and your families' needs. We look forward to serving you and helping you through the car shopping process!

Proudly Serving the Columbia,
Jefferson City, and California, MO Areas

1109 W. Buchanan St.
California, MO 65018
(888) 455-2107

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