A deductible is the amount of money that you will pay out-of-pocket for every claim. If you increase the deductible amount, the lower your insurance rate will be.
Some of the factors in determining your insurance rate is your age, gender, and residence. Insurance companies put high value on driving experience. The less experience you have, the higher your rate will be. In terms of gender, men have higher rates as compared to women. And lastly, if you live in a high crime area with a high risk of theft and other crimes, this also increases your rate.
3. Driving History
Have you been in a number of accidents already? Do you have multiple claims from your previous policy? This also affects how much your next policy will be. Of course, the higher the number of previous claims, the higher your rate. The same can be said about your traffic violations. If you have a habit of collecting tickets, then this will greatly affect your rate.
4. Driving Habits
How often you use your car, and how far your daily commute is also considered. If you mainly use your car to go to work, and work is quite far off, this also affects your pricing. The amount of driving you regularly do and the main purpose for the car play a role in pricing as well.
5. Precautionary Steps
Does your car have an anti-theft device? Have you attended driving safety seminars and classes? Doing activities like these help lower your insurance rates. Some insurance companies even offer special discounts if you attend certain classes.
6. Vehicle of Choice
The type of vehicle you purchase will also affect your insurance rates. Sports cars and high-end luxury cars are more expensive to insure. If your car was meant to be driven at high speeds, expect your rates to soar as well.
By being a safe and responsible driver, you can not only avoid accidents but also lower your insurance rates. Get the best deal that fits your needs by talking to a specialist. At Western Pacific Insurance, we aim to provide comprehensive insurance policies that makes your life easier. You can get more information about our products and services by calling our agency at (702) 932-3105. Get your free quote today by clicking here.