The key to finding your best rate is to shop around for car insurance.

How auto insurance rates are determined. Insurance companies rate all cars based on their actual experience of how those cars perform in terms of claims for repairs injuries theft history accident likeliness. How car insurance rates are determined depends on the provider you choose and the insurance laws in your state. For example in some states it is illegal for insurance companies to use credit scores to determine auto insurance rates while in others it is completely commonplace for providers to use credit history driving records and occupation to determine your rates.

Compare rates to find the company that is best suited to your needs and offers the best rate for your situation. Insurers assess many factors including your driving record when calculating your premium. All provinces and territories have their own rules on the mandatory and minimum coverages at least for accident benefits medical coverage after an accident.

The higher up your car rates on this car rating the better your profile looks. It adjusts for any negative factors such as recent traffic violations or a pattern of claims. Understanding Auto Insurance Rates Auto insurance rates can vary greatly from person to person and vehicle to vehicle.

ARC Insurance brokers can help you secure the best car insurance without the hassle usually involved. Your insurance rates are also determined in part by the type of car you drive. The type of vehicle you drive.

The fact is there are a variety of factors that affect what you pay. While it isnt a deep dark secret how auto insurance rates are determined policyholders often wonder how their premiums got so high. A car insurance carrier considers many factors when evaluating risk including.

The deductible in your policy 4. Basic coverage on auto insurance 5. The area in which you live 3.