Wow, is there a lot of information on this infographic. Not only is there a lot, but it is printed very, very tiny. There is too much to go through in one post, and you’ll have to enlarge the image to see the detail, but it is worth it to see all the things that can impact your car insurance premium.
Wheel/tire in the center branches out into sections like insurance history, coverage levels, gender, age, martial status, location, driving record, make or model of a car, vehicle use and credit history. I’ll give you one tidbit from each “spoke” to provoke you to read all of them.
Insurers want to know if your previous policy was cancelled for non-payment? Why? You have to follow that thread on the graph.
Coverage limits and deductibles will affect your monthly rates – inspect the infographic to find out how.
Men have more accidents than women. But does that mean their insurance premiums are higher?
Some age groups are at higher risk and have to pay higher insurance premiums.
Married people have lower rates.
Where you live, drive and park your car matters.
Drivers with previous violations prove to be higher risks which means their rates will be higher as well.
Make or Model of Your Car
Insurers consider the risk of theft, cost of the car and repairs, and overall safety record when determining rates.
The more you drive, the higher your risk, and the higher your rate.
Your credit score helps determine your insurance score.
Cell phone use while driving is popped out and you’re given a lot of information on that. Same with speeding.
The Golden Rules
Comparison shop, pay your bills on time, keep your house in shape and drive responsibly. All these things will help you save money on your car insurance.
TOO MUCH TINY TYPE! The idea is good, but they could have gotten the idea across in a way that would be easier to read.
This is all the information you need to know not only what affects your car insurance premium, but you can find out intuitively the steps you need to take to fix your insurance score by learning these facts.