Auto FAQ / Term Life FAQ / Home FAQ Auto What factors may affect my auto insurance costs?
• Driving history – Maintaining a “clean” driving record (no tickets or accidents) will keep your insurance costs lower. • Age, gender, marital status – There is statistical evidence that some drivers (for example, young male drivers) will have more accidents than others, which makes them a higher risk for insurers, so they are charged a higher premium. • Driving patterns- Generally, the more you drive, the more you pay. If you use your car in business and drive over 25,000 miles a year in a heavily populated area, your insurance will cost more than a driver living in a rural area with low annual mileage. • Your car – Some cars will cost more to insure because they are more expensive to repair, are more easily damaged in an accident or are targets for theft.. • Amount of insurance – While higher policy limits will cost more, you can lower your premium by increasing your deductibles. • Credit history – Some states may use your credit as a factor in determining your rates. If you have ex
