Mar 14, 2019   SOURCE: PR NewsWire

A New Article Presents What Factors Can Influence Car Insurance Rates The Most

LOS ANGELES, March 14, 2019 /PRNewswire-PRWeb/ -- Cheapquotesautoinsurance.com has launched a new blog post that presents the main factors that can affect the price of car insurance.

For more info and free quotes, please visit: https://cheapquotesautoinsurance.com/factors-that-influence-your-car-insurance-risk-profile/

Car insurance is based on the risk a driver poses for an insurance company. Insurance companies rate drivers and place them in 3 main risk categories: high-risk, standard, preferred.

The main factors that can affect a driver's car insurance rates are the following: 

    --  The driver's address. The place where a driver lives is important for
        car insurance companies. Each state has its own car insurance
        legislation with different liability coverage limits, reimbursement
        limits, or laws regarding no-fault coverage. Drivers that live in
        crowded urban areas will pay more on insurance compared to those that
        live in rural areas. The driver's address will also tell the insurer if
        the area where he lives in is a high-crime rate area or not.
    --  Driving history. Safe drivers are rewarded by insurance companies with
        better insurance deals. On the other hand, drivers with multiple traffic
        violations will pay more on their premiums, and in some cases, they risk
        to be dropped out by their insurer.
    --  The car itself. Depending on what car they try to insure, drivers will
        pay more or less on their insurance. The insurance companies will ask
        data about the car make, model, year of production, installed safety
        devices and anti-theft devices. Also, the value of the car is important.
        Expensive exotic vehicles will cost more to insure.
    --  The purpose of the vehicle. Depending on what purpose a vehicle is used,
        the price of car insurance can vary with as much as 20%.
    --  Education level. According to several studies, drivers with a bachelor's
        degree will pay less on their car insurance compared to those that don't
        have one.
    --  Credit score. Insurance companies will charge more on drivers with poor
        credit score. On the other hand, policyholders with good or excellent
        credit scores will pay less on their car insurance.

For additional info, money-saving tips and free car insurance quotes, visit https://cheapquotesautoinsurance.com/

Cheapquotesautoinsurance.com is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

SOURCE Cheapquotesautoinsurance.com