This is because many factors affect the premium rates of your vehicle.

What factors determine auto insurance rates. Most factors may seem obvious while others you might not have thought of or knew go into determining your prices. In fact if you are a good driver and you have a decent record with little or no claims and yet you still have expensive insurance the culprit could well be your credit score. 12 rows The 3 biggest factors that affect car insurance rates are state coverage requirements.

Although this is not typically true your age is an essential factor when choosing coverage for your vehicle. Where you live in Canada. There are many factors that determine your car insurance rate.

The age of the driver is one of the most important factors when determining your car insurance premiums. Some that are in your control and some that arent. There is a common misconception among people that auto insurance rates tend to reduce when you turn 25.

Then whether the driver is male or female is something else that is going to be looked at. Its one of the biggest factors that determines your car insurance rates. Insurance companies use age statistics to determine what kinds of risks young drivers pose.

Insurance providers use a variety of criteria to assess the risk profile of drivers which ultimately influences how much you pay for car insurance. Rate calculations are based on vehicle type gas mileage distance tofrom work and safety features. Car insurance is a necessity for all drivers.

Knowledgeable drivers can help to reduce insurance premiums. Since youre required to buy insurance. These are the 3 Main Factors The easiest way to get cheap auto insurance is to choose a policy with limited coverage which is risky and to raise your deductible which.