Factors that Can Affect Your Auto Insurance Rates
Here are some of the things that can influence your car insurance costs.
When it comes to auto insurance in Orange, California, one price does not fit all. In fact, insurance costs can differ widely even between drivers who have the same coverages. Curious to learn about some of the factors that can affect how car insurance premiums are calculated? Then here are some of the individual factors that can influence your auto insurance costs.
Your Home
Surprisingly, where you live can actually influence your car insurance rates. For instance, if you live in a busy, metropolitan area, then the heavy traffic translates into an increased risk for an accident. This increased risk means that you will likely have higher insurance premiums than someone who lives in a rural area.
Your Driving History
If you have a history of getting into accidents, receiving traffic violations, or filing insurance claims, then this will almost certainly result in higher insurance rates for you. Luckily, the opposite is also true. This means that a driver with a clean driving record tends to have lower insurance rates. If you have a spotty driving history but want access to lower rates, then focus on keeping your record clean. The longer you go, the more likely you are to see your rates drop.
Your Deductible
Your deductible is the amount of money that you agree to personally pay towards a claim before your auto insurance kicks in. It’s important to understand that your deductible and your premium have an inverse relationship. This means that the lower your deductible is, the higher your premiums will be. If you want to lower your auto insurance rates, then consider raising your deductible. Just make sure that you do not set your deductible to an amount that’s higher than you can comfortably afford as this could prevent you from accessing your coverage when you need it the most.
These are some of the individual factors that could affect your car insurance costs. Do you have more questions regarding your auto insurance in Orange, California? Then don’t hesitate to contact the experts at Remland Insurance. We are ready to assist you with all your coverage needs.
