10 Things That Affect Your Car Insurance Rates

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It can be risky getting on the road. There are on average 6 million car accidents every year in the US. In 2017, over 40,000 fatalities occurred on the road in the US. This gives you a picture as to why auto insurance is needed. While the need is clear, how insurers calculate your premium can be more of a mystery. While car payments stay fixed and gas prices change some, auto insurance rates can seem to swing wildly. Below are 10 things that can affect your car insurance rates.

10 Things That Affect Your Car Insurance Rates

Rest assured your rates aren’t created by the roll of the dice, but rather by some consistent factors. Knowing what insurers are looking at can help you estimate your costs and possibly lower them.

1) Age

How old you are is a major factor in what kind of driving risk you are (and therefore affect your car insurance rates). Car crashes are the biggest cause of death for drivers between 16 and 19 years old. Teens who are in the first few months of having their license are at a very high . . . → Read More: 10 Things That Affect Your Car Insurance Rates