While as a general rule the safer a driver you are the less your automotive insurance costs will be, there are a variety of factors that impact what you pay in premiums.

Things that impact auto insurance rates

December 29th, 2015 by admin

While as a general rule the safer a driver you are the less your automotive insurance costs will be, there are a variety of factors that impact what you pay in premiums.

While as a general rule, the safer a driver you are the less your automotive insurance costs will be, there are a variety of factors that impact what you pay in premiums. Here is a guide to the major considerations.

Driving and Accident History

As you might imagine, a track record of safe driving with few reported accidents or traffic violations will typically result in a lower rate. Make sure to drive carefully to get the best insurance rates.

Deductibles

Many insurance plans are somewhat customizable, allowing you to choose a higher or lower deductible — the amount you must pay out of pocket before an insurance pays out a claim upon having an accident. A higher deductible (i.e. you pay more out of pocket) may result in lower premiums. Just be aware that, in the event of an accident, you will then end up paying more than if you had selected the lower deductible.

The Car You Drive

If you drive a car that is highly rated for safety, you may end up with lower premiums. Likewise, if your car is extremely valuable, expensive to repair or susceptible to theft, you will pay more.

How and Where You Drive

The more time you spend on the road, the more likely it is that you will get into an incident requiring insurance coverage. Premiums for drivers with longer commutes can expect to pay more for car insurance. The area you live and work makes a difference too, as areas with more traffic tend to result in higher premiums.

Make sure you're protected with the best car insurance in Rothesay and its surrounding regions. Contact Fundy Mutual today for affordable automobile insurance rates.