According to carinsurancefloridasite.com, the top five risk factors that insurance companies consider when setting your auto insurance rates are:
1. Age
2. Vehicle’s specifications
3. Traffic offenses and accident history
4. Location
5. Credit rating
As one can see, Insurance companies can use these factors to predict who is at a greater risk of being in an accident, being a victim of theft, and filing a claim. The more at risk a driver is, the more money s/he will have to pay. For example, when it comes to age, a sixteen year old is much more likely to get in a car accident than a forty-nine year old because of lack of experience.
What can you do to keep your Florida car insurance rates as low as possible? Though you cannot do much about your age or even where you live, there are some things you can do. First off, make sure to keep your driving record as clean as possible. Though we all make mistakes from time to time, watching your speed and obeying other traffic laws can save you a good amount of money. Another thing you can do is be smart when purchasing your car. The faster the car can go, the more risk is involved, the more money you are likely to pay. Also, car’s value will affect your insurance rates. The greater the car expense, the higher the compensation and collision will be.
If you have anymore questions or would like one of our experienced agents to help you with your Florida car insurance policy, call Westgate-Jones Insurance Agency today at 352-787-7548 and check out our website!