January 30, 2018 12:10 PM  |  Posted By: Marcus
0 Comments  |  146 Views
Related Categories: Driving tips

When buying car insurance, you’ll probably want to reduce your rates as much as possible. What you may not know is that there are plenty of factors that affect how high your rate is going to be. Some of these you can control while the rest of them you cannot. Therefore, it might be a good idea to take a closer look at all of these and figure out what you can and cannot do in order to reduce your rates.


Your location is something that has a huge effect on how much your car insurance rates are going to be. If you live in a place where accidents tend to occur more often, the higher your car insurance rates will be. These are usually more densely populated neighborhoods with heavy traffic. Not only that if you live in a place like this, you’ll be more likely to suffer a car accident, but you’ll also have to pay more when repairing your car. Moreover, urban areas like this also tend to have a higher number of uninsured drivers, which also means you’ll need to pay more in order to insure your car. Since this is a demographic factor, there’s not much you can do about it, since you probably won’t decide to move in order to reduce your car insurance rates.


Another demographic factor that affects your car insurance rates is your profession. Studies have shown that people in certain fields tend to have more car accidents than others, and this is what some car insurance companies take into consideration when determining your rates. So, if you’re working as a delivery driver or a news reporter, it means you’ll be on the road quite often, which makes you more likely to be in an accident. Ultimately, this means you’ll have to pay higher fees since the insurance company will be taking more risk. However, if you’re a doctor, police officer or nun, you might end up paying lower car insurance rates, since people in these fields are usually seen as more responsible drivers.


Safety rating

The safety features in your car are always going to affect your car insurance rate. The more quality safety features you have, the less likely you are to end up having to pay for your or your passenger’s medical bills. This means your insurance provider might give you a better deal, since they won’t take huge risks when it comes to your insurance. On the other hand, if your car has a low safety rating, you’ll have to pay higher rates. This is where you might want to think about installing safety features such as parking sensors and airbags. Upgrades like this will make you less likely to get injured in case of an accident and lower your car insurance rates, which are two things you should always aim at.

Driving activity

Some companies are also going to take your driving activity into consideration when determining your car insurance rates. So, what you’ll use the car for will play a huge role in how high your rates are going to be. For example, if you plan to use your car for commuting, you’ll be spending more time on the road which, again, makes you more likely to be involved in an accident. But if you don’t use your car for commuting and you don’t drive often in general, you might be able to get a discount on your insurance rates. Also, if you keep your car in a garage, your car insurance rates are probably going to be lower. No matter how often you drive or where you keep your, turning to a renowned insurance company such as Youi from NZ will help you to get the best possible deal.

old car

Age of the car

Repairing an older car usually doesn’t cost much more than repairing a new one. However, when involved in an accident, an old car is more likely to be totaled which is also something that affects your insurance rates. Therefore, in case of an accident, you’d probably decide to replace your car with a new one, which is, of course, always going to cost more than repairing a new one. New cars aren’t totaled too often and they usually have higher collision coverage rates than old cars, which makes their owners’ insurance rates lower. If you already own a car, there’s not much you can do except replacing it for a newer one. But if you’re just about to buy a car, you might want to set your sights on a newer car, since it means you’ll pay lower insurance rates.

Paying your insurance rates is a huge part of owning a car. The lower your insurance rates are the more you’ll manage to save at the end of each month. Do whatever you can to lower your rates, turn to a good insurance company and there will be nothing for you to worry about.



Add Comment  |  Bookmark and Share  | 



No comments.

Login to post a comment.


Company Website | Media Information | Contact Us | Privacy Notice | Subs Info | Affiliate Programme
Our Other Websites: The Week | Auto Express | Custom PC | IT Pro | MacUser | Men's Fitness | Micro Mart | PC Pro | bit-tech | Know Your Mobile | Octane | Expert Reviews | Channel Pro | Know Your Cell | Know Your Mobile India | Digital SLR Photography | Den of Geek | Magazines | Computer Shopper | Mobile Phone Deals | Competitions | Cyclist | Health & Fitness | CarBuyer | Cloud Pro | MagBooks | Mobile Test | Land Rover Monthly | Webuser | Computer Active | Table Pouncer | Viva Celular