Have you ever wondered how insurance companies decide on your insurance rate? There are many factors that go into determining your insurance rate. If you want to get inexpensive auto insurance you should be away of these factors.
Color. Many people do not believe this but it is true. Insurance companies use the color of your car as part of there determining process for your insurance quote. Why do you think they always ask? If you drive a car that is a bright color like yellow, or red, your insurance is likely to be high. If you want to get inexpensive auto insurance try to purchase a car that is a duller color like dark blue, or grey.
Model. The model of the car also plays a big part in your insurance rate. If you drive a model car that is likely to be driven fast, like a convertible or a sports car, your insurance rate is going to be high. Driving a minivan on the other hand, will most likely lower your rates.
Safety. Safety is a big issue for insurance companies. They will look at your driving record, for at least the past three years, to determine if you are a safe driver. If you have no accidents or traffic violations you will most likely get a cheap rate. Also, the insurance company will look at the safety features of your vehicle. Cars that are equipped with air bags, anti-theft systems, and other safety features typically get lower rates.
Year. A new car will also have lower insurance rates then used cars. Newer cars can be equipped with warranties that will lower your insurance rates. Also, new cars are less likely to have mechanical problems and will require less attention. There are many factors to determine your coverage. These are a few features that you should keep your eye on.