4 Factors That Influence Auto Insurance Rates

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Many factors affect auto insurance rates, which is why it’s important to work with a company that understands both the internal and external factors that exist. At LaVaughn Rodgers Insurance, we’ve helped countless drivers find the best insurance for their needs over the last 45+ years, and we’re sure we can do the same for you.

4 Factors That Influence Auto Insurance Rates

These are a few of the variables influencing pricing for auto insurance:

  1. Driving History: Your driving history is one of the most important factors affecting rates. Cheaper premiums are typically the outcome of a spotless record that is free of accidents or moving infractions since it indicates a decreased likelihood of future claims.
  1. Type of Vehicle: The vehicle’s year, manufacturer, and model are very important when it comes to calculating auto insurance rates. The rates are often higher for luxury cars, high-performance cars, and cars with a high theft rate.
  1. Protection and Contributions: The amount of coverage and the deductibles selected have a big influence on premiums. Premiums for comprehensive coverage, which guards against theft and damage not brought on by a collision, are usually higher.
  2. Annual Miles Traveled: Another important consideration is the annual mileage. Long-distance drivers may have higher premiums since they run a higher risk of being involved in accidents.

These are only a few of the factors that could be involved in what you’ll pay for auto insurance. Contact our team today to find out more about auto insurance rates.