Some of the Main Factors That Determine Your Auto Insurance Rates

by | Sep 20, 2019 | Auto Insurance

Having auto insurance is something that every vehicle owner needs. To get the best deal on an insurance policy, you should first get several auto insurance quotes in Illinois. In searching for insurance, it is helpful to know some of the main factors that may affect the rates you pay for a policy.

Your Driving Record

One of the main factors in the cost of your auto insurance is your driving record. If you have traffic tickets and accidents in your background, then you will end up paying higher rates because the insurance company will consider you a higher risk to insure.

Your Age

It’s a fact of the life that the younger you are, the more you will pay for insurance. This is because decades of data has shown that younger, inexperienced drivers are more likely to get into an accident, which makes them extremely risky to cover.

Your Sex

Speaking of data, it also shows that men, especially young men, are more of a risk than women. That means men, and in particular those who are under the age of 25 and unmarried, will pay more for auto insurance than women.

Your Credit Score

Some factors in your insurance costs have nothing to do with specific driving risk. One of those is your credit score. If you have a low score, you are likely to pay more for insurance. This is because insurance companies consider people with low scores to be higher risk.

Where You Live

Your place of residence can play a role in your insurance costs. If you live somewhere with a high car theft rate or somewhere where hail is common, it can mean higher rates.

Shopping around will help you find the best auto insurance quotes in Illinois. Accurate Auto Insurance can help, and you can find out more about what we offer at our website.

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