Factors That Affect Your Automobile Insurance

From commuting to and from work, to taking the kids to their numerous activities, we spend a lot of time in our cars. Making sure that your vehicle is properly insured is extremely important so that you are protected against unexpected injuries and damages. Hartford, CT insurance rates can vary greatly, and some of the factors that determine your premium can be controlled.

Age

One factor that affects car insurance rates that cannot be controlled is the age of the driver. Teenagers are new to driving, and their inexperience results in numerous accidents and driving violations. As a result, the rates for drivers under the age of 25 are extremely high. As you get older, rates begin to decrease.

Driving History

One factor that is in your control is your driving record. Accidents, speeding tickets, and other moving violations prove to the insurance companies that you are not responsible behind the wheel. This causes your rates to increase. Some Hartford, CT insurance companies will lower your rates once you have proven that you have taken a safety driving course, while others will only decrease your premium once enough time has passed with no other incidents.

Deductible Rates

How much you pay for a deductible will affect how much your premium is. If you are willing to pay more out of pocket in the event of a loss, your rates will lower due to the higher deductible. If you choose a lower deductible, expect to pay a higher rate.

 

photo credit: Not The Moment (license)

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