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Factors That Affect Your Car Insurance Premium Geography Where you live makes a difference. Folks living in areas with little or no traffic are likely to spend less on insurance than those living in congested cities or suburbs because areas with a lot of traffic tend to see more accidents. Some neighborhoods also have a higher rate of vehicle thefts, which can result in a higher premium. Driving Violations Having an accident or moving violations on your record (speeding tickets, DWI, reckless driving, etc.) put you at a higher risk for accidents and will likely mean a higher premium. Some insurance companies will penalize you for your record for as many as five years from when the incident occurred. However, keep in mind, as your record improves, your premium will get lower. Vehicle Type El cheapo car will cost less to insure than that status symbol SUV sitting on 24" rims baby. Accident Claims A driving record that is clean and free of accidents will hold fare better for you than lots of tickets and/or accidents. « Previous Page « » Discuss it » Continue Reading »
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