Personal Information That Affects Your Car Insurance Cost

Reader's Question:

What personal information can affect my car insurance cost?

Jasmine

Honolulu HI

The following personal factors can affect your auto insurance cost.

Age - If you belong in either 18-25 years old or 70 years old above age ranges, you get a higher premium compared to the drivers in the 26 to 65 years old range. It's because individuals belonging to the 18-25 and 70 years old up age ranges are considered to be high risk for car accidents.

Gender - It is known that women drivers are quoted lower insurance premium as they are generally safe drivers compared to men.

Marital status - A married status is an advantage when you get a car insurance. Married people are viewed as low risk drivers because they are considered more responsible and stable. Also if as married couple you each have your own car, your insurance provider can give you domestic partner discount.

Credit history - If you were able to maintain a good credit history then it can help you get a lower premium. Statistics showed that claims are high to people with bad credit history.

Driving record and car insurance claims history - If you have traffic violation tickets or record of car accidents, which you were at fault, then you can expect your insurance cost to skyrocket. Having history of claims from your car policy can also be a point against your insurance rating.