Car Insurance Quote
Filed under: Uncategorized
Reader’s Question:
My brother in law is selling his sedan and I was wondering what can cause an insurance quote to go high or low.
Barbara
Boston, MA
Actually, car insurance quote from every insurance company will be different even if you supply each of them the same information. So it should be good for you if you acquire car insurance quote from different companies and compare them.
But regarding your question, car insurance company determines their quotes by these factors:
1. Age – young or very old drivers will receive a higher car insurance quote.
2. Gender – Yes! Gender is another factor. Female have the advantage and it will cost less if they are the one trying to insure a vehicle.
3. Place where you live – it will depend whether you live in a rural or urban area. If you live in an area with a high crime rate, insuring cost for a vehicle will increase also.
4. Vehicle – most car insurance company rates cars by safety, ease of maintenance or cost of spare parts, the once which are cheaper to maintain or safer to drive will show a cheaper car insurance quote.
5. Credit History – Most car insurance company nowadays do check peoples credit history. If you have bad one, your chance of a low insurance quote is thin.
6. Driving History – this will greatly affect your quote. If you have a history of car accidents or even minor traffic violation, insurance quote will likely to increase.