Top Factors That Make Car Insurance Really Expensive - New Guide

LOS ANGELES, Nov. 8, 2019 /PRNewswire-PRWeb/ -- Compare-autoinsurance.org has launched a new blog post that explains the main factors that cause car insurance rates to skyrocket.

For more info and free quotes, visit https://compare-autoinsurance.org/factors-that-can-make-car-insurance-expensive/

When determining rates, insurance companies thoroughly analyze the client's vehicles. Besides engine performance and safety rating, there are other elements that will influence the costs. These are:

    --  The exact type of car. Driving an expensive car like a sports car,
        muscle car, or a top of the line limousine will make its owner pay more
        expensive premiums. Insurance companies take a higher financial risk
        when they insure an expensive car and they try to limit the potential
        losses caused by a claim.
    --  Car's age. New cars are more expensive to insure, no matter what type
        they are. Usually, the value of a car can depreciate with up to 60% from
        the moment it leaves the dealership. Purchasing a slightly used car will
        help drivers get better rates.
    --  Driving record. A clean driving record will help the driver get better
        rates. On the other hand, a driving record filled with unpaid speeding
        tickets, at-fault accidents, and even DUI accidents, will make rates
        really pricy, and in some cases, the insurance company can cancel
        coverage.
    --  Distance from the workplace. Insurance companies ask drivers if they use
        the vehicle to reach their workplace and how far is the workplace from
        home. Expect to pay more if the workplace is far from home. Insurers
        consider that persons that work far from home, will spend plenty of time
        on the road while being tired, and thus the risk of causing an accident
        significantly increases.

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

Compare-autoinsurance.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 Compare-Autoinsurance.org