Major Factors Affecting How Much Vehicle Insurance Costs
A big factor that affects the cost of vehicle coverage is the driver. Most consumers are aware that committing multiple traffic violations and/or being involved in numerous traffic accidents may be cause for insurers to charge higher premiums to motorists. The reason for this is that drivers that tend to be involved in such situations are considered to be a higher risk than those shown to have a clean history behind the wheel of an vehicle. Drivers without records of tickets or accidents will usually pay less than risky motorists. A driver’s age and gender will usually have an affect on costs as well. Teens and males are often charged more than more mature motorists and females are likely to pay less than a male. This is because statistics show that younger drivers and men have a higher involvement in accidents than their counterparts.
Another factor that can have a big impact on a premium price is the type of vehicle being insured. This can be due to a number of reasons. For instance, an accident is much more likely to occur for those who operate sports cars compared to those who drive minivans or family sedans. In addition, some vehicles are targeted for theft and the cost of to cover such risks would be higher than an vehicle that has a low theft rate. Other details of vehicles are taken to account as well such as safety features and accident frequency. Drivers and vehicles are probably the most heavily weighed factors affecting premiums, but there are other items that have an effect as well. The state of Washington provides a publication titled, How to Save on car insurance that names additional factors looked at by insurers.