If you are in the market for custom auto insurance, you might be wondering what kinds of factors contribute to how much you will spend on insurance. There are a couple different things you should know that will affect your prices, and many of those things you can control. Thus, if you know ahead of time, you can do what you can to save money. Here are some things that change the price of your insurance.
1. The Type Of Car Your Drive
One of the biggest factors to your car insurance is the type of car you drive. If you drive an older car that is American-made, easy to get parts for, and has many miles on it, you won't pay too much on insurance each month. The cars that get hit really hard are those that have few miles and are brand new, foreign made, and are very unique, making getting parts very difficult. The repairs on these cars will cost a lot more, and it will be more expensive to replace the car if the car is totaled. This doesn't mean that you can't drive a fancy sports car, but you should be realistic about the cost to insure the car before you purchase anything.
2. Your Stage Of Life
There are many factors about your personal life that will contribute to how much you pay in auto insurance. People who are over 30 and are married and have kids generally tend to pay less in insurance than those who are younger and have no dependents or spouse. The idea is that people who have a more stable life situation, and people who depend on them, will drive safer because they have more perspective.
3. Your Driving Record
One of the biggest factors in your auto insurance is your driving record. You need to make sure that you are showing the insurance company that you are a responsible and safe driver. If you get a speeding ticket, or any kind of traffic citation, you better believe that your insurance rates will increase.
The only way to avoid this is to try and attend some sort of traffic school to keep the citation off your record. Although traffic school may be more expensive up front, it will save you money in the long run by having a clean record. Additionally, accidents caused by you will also cause your insurance to increase.
By understanding what affects your auto insurance, you can keep your costs down by controlling what you can.