Check out how your auto insurance quote is determined!
When shopping for auto insurance, it’s important to get a quote. While this may seem like an arbitrary number, it’s calculated based on the information you provide and the associated risks of your lifestyle. Check out what you need to know about how your auto insurance quote.
- Address. Dependent upon where you live, your car insurance rate could vary. The safety of your neighborhood translates to risk factors for your insurance company. If you live in a safer neighborhood, your rates will likely be lower.
- Gender. Statistically, men take greater risks than women. Because men are known to take more risks, insurance companies see a greater potential for danger. More danger translates to higher rates.
- Age. The less experienced you are, the greater risk you have of getting into an accident or driving recklessly. The younger you are, the higher your car insurance rates will be.
- Milage. When looking for a policy quote, insurance companies ask for your car’s mileage and how frequently you drive. This piece of information tells them how much time you spend on the road. Statistically speaking, the more time you spend driving, the greater the risk of an accident. If you drive frequently, you may have higher insurance rates.
- Vehicle Make & Model. The age of a car along with its safety features is an indication of risk to an insurance company. Certain cars are made to be safer than others. If your car comes with excellent crash ratings and the latest safety features, you’re more likely to see a lower rate.
- Driving History. Insurance companies also look at your driving history. If you have a perfect driving record, there’s no need to worry. However, if you’ve had a few traffic tickets and fender benders, be aware that you may be given a higher rate.
Be sure that you’re getting the best auto insurance rates around. The professionals at Phocus Insurance can find you the best policies for your needs. Located in Phoenix, Arizona we serve all your personal and commercial insurance needs. Contact us for more information.
