My cousin has cheaper car insurance than what I am currently paying. We are both with the same car insurance companies in Houston. I guess what I want to know is what do these car insurance companies looked at when rating you?
Candice
Houston Texas
Theres a lot of factors that affect your car insurance in Houston. These factors are being looked at to know how much you will pay for your car insurance. Here are the factors that affect your car insurance.
1. Your Age- If you are under the age of 25, chances are you will get higher car insurance than drivers who are 25 years and above. According to statistics, drivers between 50-65 years of age are the safest drivers than the other age group.
2. Gender- Female drivers gets affordable car insurance rate than male drivers
3. Your location- If you live in a city with high traffic density and higher rate of theft, most likely your car insurance rates is higher than those who live in an area with less traffic in rural areas.
4. Driving Record- Your driving record is one of the major factors that is being looked at by car insurance companies. If you have a clean driving record (no tickets, no claims) you will definitely get affordable car insurance. Most insurance companies provide discounts if you have clean driving record for a certain number of years.
5. Your car- This is also one of the most important factor that is being considered. Sports and high performance cars are more expensive to insure than small compact vehicles.
6. Credit scores- Car insurance companies are starting to look at your credit scores as part of their rating process. If you have good credit scores, the better your car insurance rate. Always pay your monthly bills on time.
7. Safety features- The safer your car is, the less car insurance you pay. Make sure you have safety features and anti theft devices on your car to get car insurance discounts.
It is important to know what these factors are so it will be easier for you to work out how to lower your car insurance premium.