Desmond Insurance Blog
An auto insurance policy is the best protection you can have for your vehicle and yourself. With an auto insurance policy, you can rest assured that you won’t encounter financial problems with your car.
An auto insurance policy is never free. Moreover, the price of an insurance policy varies depending on the company and the client. Yes, the cost to pay for a premium depends on who you are. If you’re wondering what the specific reasons are, let this article help you out.
Your driving record and history
Auto insurance companies will most likely charge you higher premiums if you have a bad driving record. A single traffic violation or accident is enough to cause your premium to cost higher. Keeping a good driving record and history can grant you better prices.
Because of current statistics, your location can directly affect your policy price. People who live in urban areas are charged higher for their insurance than those in small rural areas. According to statistics, metropolitan areas have higher theft rates, accidents, and even vandalism, hence the more expensive cost.
Your biographical information
Your age and gender can also determine the cost of your premium due to, once again, statistics. According to statistics, younger people tend to get in accidents more than mature drivers. As for gender, statistics say that women experience fewer accidents and commit fewer violations than men.
Your credit and insurance score
Through your credit score, the insurance company can see if you’re a great client to deal with. Your credit score reflects your obedience to the rules and guidelines of your insurance policy. As for your insurance score, it shows how likely you will have an insurance loss. Your credit score is essential for the insurer because it gives them a better view of the risks of giving you insurance.
Your policy’s coverage
Auto insurance policies have varying coverage and benefits for different kinds of customers. With this, the amount of coverage your policy directly affects the price of the premium. The more benefits there are, the more expensive the cost is.
Autogain insurance policies exist for financial protection. As for financial security, calculating and managing your expenses is always a great way of ensuring safety in your finances. Make sure to be wise with your insurance policies, for they can determine the future of your finances.
At Desmond Insurance, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (859) 491-5100 or Click Here to request a free quote.