There are many things that affect the cost of auto insurance and some should be considered before purchasing a new vehicle.
The type of car you drive will greatly affect your auto insurance rate
Generally the more expensive the vehicle the greater the cost of your insurance premiums. Some recommended cars with lower insurance premiums are Honda Civic, Scion, Honda Fit, Toyota Corolla, and Ford Focus. Cars with high insurance premiums would be BMW 3-series, Mercedes C-Class, Acura TL, and the Lexus IS.
Where you drive and how much you drive will affect your auto insurance rate:
People who use their cars for pleasure and in town driving will pay a lot less than people who commute to work or drive long distances. Some states due to higher risk of theft and accidents have higher insurance premiums; also drivers in urban areas will typically have lower premiums than drivers in the city. The states with the highest premiums are Louisiana, New York, New Jersey and Delaware. The states with the lowest premiums are Wisconsin, Ohio, Iowa and Maine.
Your age, sex, and martial status affect your auto insurance rate
Typically men pay a higher premium than women and men below the age of 25 usually will have the highest auto rates. Studies have shown that married people are less likely to have accidents and because of this their auto rates are less that people of the same age that are not married.
Your driving record (tickets & accidents) will partially determine the cost of your auto insurance:
The more tickets and accidents you have been in the higher the cost will be. Some insurance companies will not insure drivers with a bad record as they consider them to be high risk.
Your credit history could affect the cost of your auto insurance:
Typically if you have a lower credit score your premiums will be a bit higher. If the risk is greater for the insurance company the cost will be higher and some companies may not offer you insurance if they consider you to be a greater risk.To find out what you could be saving, you can get a free online auto insurance quote from QuoteNoodle.
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