What are standard auto insurance premiums like?

Factors that decide the premium you pay

Auto Insurance Rate Requirements that Can Not Change

• One factor that can't be legally changed is one's age. For example, a teenager may be mature for his or her age, be a CEO of his or her own company and live on their own and a senior citizen may have an impeccable driving record and never had an accident. However, statistics show that young drivers and senior citizens are more likely to be involved in automobile accidents.
• Another factor is a person's gender. Statistics show that women make safer drivers.
• Unlike taxes, a person's marital status doesn't lower auto insurance premiums.

Auto Insurance Rates That Can Change

• The type of vehicle that a person drives will determine one's auto insurance premiums. A person who drives a bright yellow or red sports car will pay higher auto insurance premiums.
• The amount of auto accidents a driver is involved in will determine person's auto insurance premiums.
• A person's credit score will also determine one's auto insurance premiums.
• A person's occupation can affect one's insurance premiums. There is actually a link between a person's occupation and their risk. For example, a person who is required to use their vehicle such as a newspaper delivery person, a 'gypsy cab driver' (one who uses their own vehicle as a taxi-cab) or a food delivery person will automatically be at a much higher risk than someone who uses their vehicle to drive back and forth to work.
• A motorist who has or had speeding tickets, parking tickets, red light tickets and other moving violation tickets will count towards a person's auto insurance rate. One way to lower your rates, if you already have tickets, is to volunteer yourself to take a motor vehicle class such as a Drivers Safety Course. Automobile safety courses plus driving safely will help lower your rates. Find out from your insurance carrier if they offer discounts on Driver's Safety Course completion.

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