How do car insurance companies determine your rates?
When determining your rates, car insurance providers analyse much more than just your driving record and postal code. Their intricate algorithms also look at the claims and accident records on the exact make and model of the car you intend to insure. What’s my car’s make and model?
Does your car’s make and model affect your insurance costs?
Your car’s make and model absolutely impacts your insurance costs. Generally speaking, the more expensive your vehicle, the more you should expect to pay for comprehensive and collision coverage. Additional features and a more expensive trim will cost you more on your annual insurance premium.
What is the average for car insurance?
Averages are based on a 40-year-old male driver who commutes 12 miles to work, with policy limits of 100/300/50 ($100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident) and a $500 deductible on collision and comprehensive insurance. The policy includes uninsured-motorist coverage.
Which car model has the cheapest insurance?
Of the cars Bankrate analyzed, Ford F-150 drivers scored the cheapest annual full coverage insurance premiums on average. However, you can find com...
Which car insurance company is the cheapest?
The cheapest car insurance company will vary based on individual factors, such as your credit score, age, location and vehicle make and model. Reme...