How often do you think about the different things that can effect your insurance? If you are like me then you probably don't think about it too much.
You find a company, you apply, and then you pay what you pay.
They actually base a number of things on statistics that they gather up from other users and from accident records and something that could put you at high risk may not be something you would even think that they would think about.
You may not think it matters how old you are, but it does.
Your age will play the biggest factor in what what your rate will be.
If you look at statistics, like the insurance company does, drivers under the age of 25 produce a greater risk of being in an accident.
Once you hit 25 your rates will go down from what you are paying from before you have that birthday.
Your gender plays a role in what your coverage will be as well.
As of right now women have less accidents.
That is just how it is.
So if you are a woman your rate will be less then a man.
But this could change if more women have more accidents.
Whether or not your car is paid for or not is also a factor in how much your insurance will be.
You are required by law to have full coverage on a car that you have a loan out against.
You could actually be considered to have defaulted on your loan and they can come and take your car from you if they find out you do not have the appropriate coverage on the vehicle.
The less your car is worth, the less your insurance will be.
There are other things that they take into consideration like your credit rating, where you work, how far away your work is from your home, how long you have been driving, if you have an alarm on your car, and number of other things.
Keep all this in mind when you are shopping around for car insurance.