When you choose to get car insurance in Norcross, you may not be aware of what goes into determining your premiums. Some people seem to think premiums are set across the board, but this isn’t often the case. Instead, the insurance company takes a look at many aspects and uses each one to determine your level of risk and thus your premiums. When you understand this process, you will gain a better understanding of your premiums.
Driving Profile
Your driving profile is extremely critical. This means looking at how far you drive on average, as well as any tickets or accidents you have experienced in recent years. Your profile will let the insurance company know how likely you are to file a claim against your policy. The fewer accidents and tickets you have, the lower your premiums will be.
Your Vehicle
Some people think red sports cars carry higher insurance rates. This is partially true, but not so much because of the color. The insurance company looks at the overall safety and reliability of your vehicle, as well as its theft appeal, to make a decision on your premiums. This is why a sports car often carries higher rates than a safe, reliable family car.
Personal Information
Your personal information, such as age and occupation, can actually play a role in the premiums you pay on car insurance Norcross. One of the ways insurance companies determine their rates is to look at driving data. They then compare your personal information against this data to determine your level of risk, which is why a teenage boy is at a much higher risk than someone who is in his 30s and 40s. While your actual occupation may have little bearing on the type of driver you are, the distance you drive to work will impact the cost of your premiums.
As you shop for the best rates on car insurance in Norcross, it is important to understand how insurance companies evaluate the premiums you need to pay for your policy. Some of the factors they take into consideration include your driving habits, the type of vehicle you drive and various pieces of personal information, such as your age, sex and occupation. Each of these factors creates an overall view of a driver so they know just how big of a risk you are. This risk level dictates how much you must pay.
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