About Car Insurance

Buying a car is no more a luxury rather it has become a necessity for everyone. Be it a bachelor or a family man, a married or a single woman everybody needs a car today. Although the process of purchasing a car is easy, the process of buying insurance for a car is equally difficult and sometimes it may be very confusing and annoying. At times it is very tough to compare the rates correctly because the insurance policy coverages may vary from one company to another.

However, it will be very beneficial for you if you can have knowledge of some personal factors that the insurance companies use to establish the insurance rate of your car.

The article features some vital factors that affect your car insurance rates which are:

1. Driving record is a must - The insurance rate of your car is determined by the number of miles travelled by you every year, your ticket and accident history etc. For instance, suppose you travel very less, then your probability of encountering an accident will also be less and hence there are less chances of making a claim. Generally the insurance companies prefer individuals with a clean record which means a past without any accidents and tickets, moving violations and DUIs (Driving under the Influence).
2. Credit score - If you have a good credit score you can be benefitted by the insurance companies. Good credit score means the individual is a responsible person and makes timely payments. Individuals with a good credit score are preferred by the insurance companies. Individuals with a poor credit score are looked upon as irresponsible people and any insurance company doesn't prefer a person who has a record of missing payments.
3. The type of your car - The model of your car, the brand, the anti theft and security devices installed in your car everything matters a lot. The more protected your car is, the more inexpensive it will be to insure it. Moreover, the more expensive your car model is with expensive spare parts which can't be found easily, the more it will be pricey to insure it.
4. Whether married/unmarried - According to the insurance companies there is a less probability to encounter accidents in case of married people as compared to unmarried people. The plain reason is married people are more cautious at the time of driving, whereas unmarried people drive recklessly without worrying about anything. Thus, if you are married you can have the benefit of lower insurance rates as compared to singles.
5. Your profession - Your profession is a major factor in determining your car insurance rates. If your job requires a lot of travelling on the roads and you cover a lot of miles driving on the road, there are chances for you to get higher insurance rates. The insurance companies generally prefer people who travel less on the road and therefore the probability of encountering an accident is also less for them.