Auto Insurance

Not having auto insurance on your vehicle can be frustrating and can prevent you from being able to drive. It’s important that you make an attempt to get your vehicle insured as soon as possible to avoid complications. Of course, one assumption made by many is that everyone pays the same price for insurance, regardless of anything else. The fact is that there are several factors insurance companies consider before making a decision on how much you will pay.

* Age

Younger drivers (typically those younger than 25) will end up paying a bit more on auto insurance than anyone else simply because of level of driving experience. The older you are, the less you are likely to pay, however, every state has different policies, as do insurance companies.

* Type of Vehicle

If your vehicle is considered a sports vehicle, you can expect to pay more. However, if you are driving a car that is considered to be a “family” car equipped with a full list of safety features, you’ll pay much less and also qualify for discounts. Be sure to ask your insurance agent about any discounts you qualify for and how you can qualify for more.

* What Your Car is Used For

All vehicles are classified according to a set system. The price of your insurance will vary depending on why you must drive your car. The different vehicle classifications include Personal or Pleasure (which is where the majority of vehicles fall), Commute, Commercial, Business, and Artesian.

* Your Deductible

People are always urged to purchase policies that have a high deductible. The reason for this is because if your deductible is rather high, your monthly premium will be much lower. However, there are always other overall factors to consider.

* Driving Record

Your driving record is probably the biggest determining factor when figuring out how much you will pay for auto insurance. Do you have any previous speeding tickets or accidents? If so, expect your premium to be considerably higher. All insurance companies perform a background check on the driver’s history, so there is definitely no way to hide it.

* The Age of Your Vehicle

If your car is rather new, you’ll pay a couple more dollars per month, but probably not too much more. If you’re trying to get a relatively “cheap” policy, your best bet is to drive a car that is at least five years old, is not a sports car, and that is equipped with every safety feature imaginable.

These are just a few of the determining factors. It’s important to contact at least a couple of insurance companies before deciding who to go with so that you can be provided with an overall view on how much you should be paying. Be prepared to receive some ridiculous quotes. There are companies out there who really do want to “charge you an arm and a leg” for auto insurance. If you take all the right steps, you will find the right type of insurance best suited for you and your particular vehicle.