Do you understand what drives the cost of your automobile insurance? There are several factors but credit score and driving history are the two main ones.
Credit-based insurance scores are based on age -16-year old’s pay 379% more than 55-year olds.
Gender – women pay 5% more than men.
Marital status – married drivers pay 3% less than single drivers.
Mileage – driving 20k miles per year costs 6% more than driving 7.5k miles per year.
Coverage levels – full coverage costs 178% more than minimum coverage. I do not recommend minimum
coverage except in very limited cases.
Driving Record Statistics:
Drivers with a DUI pay 103% more than drivers with a clean record.
1 Speeding ticket ups your rates 27%
1 reckless driving ticket ups your rate 89%
1 not at fault accident ups your rates 4%
1 at-fault accident ups your rates 50%
1 red light infraction ups your rates 23%
Suspended license ups your rates 97%
Information provided by WalletHub