5 factors that affect what you pay for auto insurance

Top 5 factors that affect what you pay for auto insurance!!
Many factors go into your individual auto insurance premium – but some have a much bigger influence than others on what you pay. Here are the top 5 factors that affect how much you pay for auto insurance.
1. Your deductible.
The typical auto insurance deductible is $500, but selecting a higher deductible, such as $1,000, could save you 9 percent on your premium. But beware – choosing a higher deductible means that you’ll be responsible for that amount out of pocket before your insurer pays for damages.
2. Your car
The type of car you drive has a significant impact on how much you pay for auto insurance. Typically, the more your car is worth, the more you’ll pay for insurance. So insuring a new Audi TT will be more expensive than insuring a 2010 Honda Civic.
If your car is popular with thieves, such as the 2000 Honda Accord, this may also drive up your rate.
3. Your mileage
The more time you spend on the road, the more likely you are to get into a crash. This is why your mileage is a significant component of your rate. Generally, if you drive 9,000 miles a year or less, you’ll typically qualify for a low mileage discount. However, in order to get this discount, you must report your mileage to your insurer.
4. Your driving record.
Got a lead foot? If so, lay off the accelerator. One speeding ticket can raise your auto insurance rate by nearly 30 percent. More serious offenses, like DUIs, can double your rate or more, depending on where you live.
Also, if you get into a crash and you’re at fault, this will kick up your rate. Many insurers offer safe driving discounts but typically, you need to have at least 5 years claim-free with the same insurer.
5. Personal factors.
Many personal factors, such as your age, gender and marital status, affect your rate. You may know that younger drivers typically pay a lot more for car insurance than older drivers. But simply being married can entitle you to a lower rate. For example, a married 20-year-old pays 21 percent less for car insurance than a single 20-year-old.
For the latest news on car insurance rates and to get a free quote from the nation’s top carriers, visit http://insuranceQuotes.com