Wednesday, January 20, 2010
Just How Does Your Driving Record Affect Your Car Insurance Rates?
Some people are already aware that insurance companies calculate car insurance rates based on risk factors. Not surprisingly, risk is something that insurance companies calculate. Risk directly influences how much they believe it will cost to insure you.
The criteria insurance companies use to calculate your risk factor often includes:
- demographics like age, gender, and location
- how far you drive
- driving record/accident history
There are many discounts that can frequently be applied after risk factors have been determined. Near the top of the list are: good driver discounts, anti-theft device discounts, multi-car discounts, and low-mileage discounts.
For a better understanding of how your risk is assessed, we invite you to read our article: your car insurance rates and your driving record.
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