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Personal factors which affects the rates of the car insurance

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Who you are affects the premium of your car insurance. So your car insurance company considers these all-about-you factors to compute your monthly payments:

Driving profile

The auto insurance company will look into you driving history and the distance you drive annually among other factors. The lesser speeding tickets and accident history you have, the lower the premium.

Kind of Car

The premium of the car insurance will also be based on what car will you be driving. The auto insurance firm will based it on the price of the car, safety features, and likelihood of being stolen.

Car insurance coverage

The premium will also depend on the kind of coverage you want to get. Of course, the more coverage you want, the higher the monthly payment.

Personal Background

Personal factors like age, home address, and occupation plays a big role in determining you car insurance premium. Younger drivers tend to have higher monthly premiums while your occupation may give the auto insurance company an idea of how much you travel, how much time you spend on the road, and what are the chances of you getting involved in an accident. Where you live also tells them a lot about the risks for car theft, cost of repairs, medical costs, and potential occurrence of accidents.

Author: P Desmet