There are a variety of factors that can impact the cost of your car insurance, such as your age and your location. Here are a few of the most common ones so you can have a better understanding of what could influence your insurance premiums.

Your Age

Your age will impact how much insurance you pay almost more than anything else. It plays a big role when it comes to insurance premiums because drivers who are younger have less experience, are more prone to taking risks, and are more likely to get into an accident. This makes insurance companies view young drivers as pricier clients, which is why they will typically pay more. Conversely, older drivers aged 50 plus will pay much less on average.

Your Driving Experience and History

Insurance companies will look at your driving experience and history to learn about your driving habits, if you have any notable violations like a DUI, and whether you’re reckless when out on the road. Those who have more experience are seen as less of a risk.

Your Gender

Younger male drivers are typically more reckless when driving which is why gender is also considered when determining the cost of your car insurance. Younger female drivers are typically more cautious, courteous and safer when driving, giving them lower premiums on average.

Your Vehicle

If you have a new, performance vehicle like a souped-up sports car, you should expect to pay more for car insurance. Vehicles that require specialty parts and replacements will drive up your premiums since it will be more expensive when repairs and maintenance are needed.

Your Location

Living in the city will cost you more for insurance as well. Urban locations are seen as a higher risk for theft, accidents and vandalism. On the other hand, those living in suburban or rural areas will pay less since the potential for crime, accidents and damage are significantly lower.

The Insurance Company

Different insurance companies have different methods for evaluating risk. They also have different terms, conditions and rates. It’s important to talk to a professional who knows all of the ins and outs of each insurance company so they can find the best product and rate for your specific needs.

If you need car insurance, contact our team at Rowat Insurance and we’ll do all of the leg work to find the best rates and terms for you.