Did You Know These Factors Can Affect Your Auto Insurance?

insurance for a new car Auto insurance can be a complicated concept for drivers to understand. We don’t blame you. Our team is uniquely skilled to help drivers find the right insurance for their needs. We break down different factors that may decrease or increase your auto insurance. We can work with you to find the ideal type of coverage for your lifestyle, budget, and auto needs.

To give our drivers an insight into auto insurance, we have compiled a few factors that may influence your insurance rate.

  • Your credit score can affect your insurance rates. Some auto insurance companies will use your credit score as a way to determine how responsible you will be for insurance payments.
  • You have a high deductible. A high deductible may lower your insurance rates.
  • Driving experience, More experienced drivers may be provided lower auto insurance rates.
  • Driving record. If you have a clean driving record, you may qualify for lower car insurance rates.Driving who have speeding tickets or accidents on their record may have higher car insurance rates because they are deemed a liability to certain auto insurance companies.
  • The type of car you drive may affect your car insurance rates. Some factors may include the cost of repairs, accident rate, and the likelihood of theft.
  • Mileage
  • In some cases, gender and age may affect your auto insurance rate.
  • Location or where you live may affect your auto insurance rate. For instance, if you live in a high crime area your insurance rate may go up. Also, if you live in a major city with highly populated areas, you may be more likely to be involved in an auto accident.

it is important to note that not all states participate in these factors when determining auto insurance.If you would like to learn more about auto insurance or find what type of insurance is right for you, contact Maryland Auto Insurance.


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