What is the Best Type of Insurance for Teenage Driver?
Paying for auto insurance is hardly a one-and-done deal. There are lots of factors that contribute to determining car insurance rates, including how much you’ll be paying for your insurance premium. If you’re unsure why you’re paying the price you’re paying for your premium, check out the list of factors that determine car insurance premiums below.
1. Annual Mileage and Vehicle Usage
Statistics show that the more you drive your car, the more likely you are to get in an accident. If you’re driving long distances on a regular basis, you’ll likely be looking at higher insurance premiums. On the other hand, if you drive less than 7,500 miles per year or your daily commute is less than 10 miles one way, you may qualify for low mileage discounts.
“Knowing the elements that contribute to insurance premiums costs, you’ll want to pay as little as possible. Our helpful agents at Freeway Insurance can get you the affordable coverage you’ve been looking for.”
The type and amount of coverage you choose will affect your insurance premium. If you chose full coverage car insurance or opt for higher coverage levels than are required in your state, you can expect a higher insurance premium. Conversely, if you select the minimum required coverage, you’ll pay a lower insurance premium.
2. Your Marital Status
You may cry sexism for this contrast in insurance premiums, but numbers don’t lie. Because men are more likely to end up in an auto accident than women (based on accident statistics), men can expect to pay a higher insurance premium than their female counterparts.
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