Ways to Lower your Average Auto Insurance Rates

There is no definite figure that can be pinpointed as the average auto insurance cost. The average auto insurance cost differs from one person to another, depending on a number of factors. Below are some:

Driving record

One’s driving record affects the rates they get. If they have a positive record that goes unbroken for at least 5 straight years, their rates come down. If they register a poor record characterized by accidents and tickets, their rates go up.

Age

The older you are, the lower your premiums become. In the same vein, if you are under 25 you pay some of the highest rates in the industry. When you hit 65, you become eligible for a senior citizen discount and will enjoy even lower rates, provided you maintain a clean driving record.

Gender

Females enjoy preferential treatment in the insurance industry because they get lower rates than men.

Type of car

How expensive is your car and how attractive is it to car-theft syndicates? Is the car brand new or is it an older model? Does the car have safety features such as air bags, alarms, anti-theft systems and tracking systems? All these will affect the rates you get.

Occupation

Some careers qualify you for discounts. Working in the military, engineering and teaching sectors are just some examples. If your work organization has an affiliation with a specific charity or other such organization, you may also get discounts.

Insurance company

This may be harder to figure out because each company uses its own scale to come up with premiums. However, smaller companies tend to give lower rates than established, popular companies.

Car insurance is among the more costly expenses a person suffers. It is important therefore to take advantage of very discount and offer that one can find if only to minimize their insurance expenses.