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Factors that May Affect Your Car Insurance Costs

things that affect your auto premiums

Learn about some of the aspects that can influence your car insurance rates.

When it comes to your auto insurance in Carrollton, Texas, one price does not fit all.  In fact, car insurance costs can vary widely from driver to driver depending on individual factors.  Curious to find out what’s affecting your car insurance premiums?  These are some of the factors that can influence your car insurance rates.

Your Driving History

If you have a history of accidents, traffic violations, or insurance claims, then this will almost certainly result in higher auto insurance rates for you.  Luckily, the inverse is also true.  This means that drivers with a clean driving history tend to have lower insurance rates.  If you would like to get access to cheaper car insurance, then focus on keeping your driving record clean.  Over time, you should expect to see your rates drop.

Your Home

Surprisingly, where you live can also affect your auto insurance rates.  For instance, if you live in a metropolitan area, the increased traffic means you have an increased chance of an accident or other incident.  This increased risk translates into higher car insurance premiums.  On the flip side, if you live in a rural area with less traffic, then your auto insurance rates will likely be on the lower side.

Your Deductible

Your deductible is the amount of money you agree to pay out-of-pocket towards a claim before your auto insurance kicks in.  It’s important to understand that your deductible and your premium have an inverse relationship.  This means that the lower your deductible, the higher your premiums.  If you want to lower your insurance rates, then consider raising your deductible.  Just make sure that you do not raise your deductible too high as this could prevent you from getting insurance coverage when you need it the most.

These are just a few of the factors that can affect your car insurance costs.  Curious to learn more about the factors that can influence your auto insurance in Carrollton, Texas?  Then contact the professionals at Mike Leonard Insurance Agency.  Our dedicated team is eager to find you the right coverage from one of our many carriers including: Kemper, MetLife, Travelers, The Hartford, Safeco Insurance, Progressive, and American Strategic Insurance.