Jun 27, 2019   SOURCE: PR NewsWire

Important Factors That Car Insurance Companies Analyze Before Granting Coverage

LOS ANGELES, June 27, 2019 /PRNewswire-PRWeb/ --Carinsuranceplan.org has launched a new blog post that presents several important factors that can affect the price of car insurance rates.

For more info and free car insurance quotes, please visit https://carinsuranceplan.org/how-do-car-insurance-companies-determine-rates/

In order to drive on the public roads of the US, drivers need to have car insurance. Many of them are curious and they wonder how their insurance rates are determined. Insurance companies will analyze multiple factors before offering an insurance deal to anyone.

The most important factors that can significantly influence the price of car insurance, are the following: 

    --  Location. The zip code of any potential customer is very important for a
        car insurance provider. Insurers can use the zip code in order to find
        out more info about the crime rates (especially car thefts and
        vandalism), population density, climate, road conditions, unemployment
        level and how many claims are filled in the area where a future customer
        lives.
    --  The type of vehicle. Drivers who own expensive cars like limousines,
        exotic cars, or muscle cars will pay more on their insurance premiums.
        These types of vehicles are expensive to repair or replace. Drivers that
        want a cheap car to insure should focus their attention on an SUV or a
        family van. These cars are cheap to repair or replace, and they also
        have high safety ratings.
    --  Driving record. Drivers with clean driving records will pay less on
        their insurance premiums. On the other hand, drivers that have speeding
        tickets, at-fault accidents, or DUI accidents will pay more on car
        insurance. Depending on the severity of the incidents caused by a
        driver, his insurance company can decide to cancel his coverage.
    --  Gender and age. Male teenagers pay more on their insurance when compared
        to female teenagers. The statistics show that male teenagers are
        involved in car accidents more often. However, old male drivers will pay
        less on their premiums when compared to old female drivers.
    --  Marital status. Married people tend to have fewer accidents than single
        people. For this reason, married persons will pay less on their car
        insurance rates.

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

Carinsuranceplan.org 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 Carinsuranceplan.org