Did you know that your gender, age, and marital status are all factors that can affect the amount you spend on car insurance? These are just a few of the many factors insurance companies use to determine car insurance rates, and here are several things you should know about the effects these things can have on your auto insurance rates.
Your gender
According to statistics, insurance companies generally charge men higher rates for auto insurance compared to women. Research shows that men are more likely to have accidents than women, but do you know why? There are actually many reasons, but one is because men tend to drive in ways that are riskier than women. Men are also more likely to have sport's cars, and they are more likely to drive more miles than women.
Your age
A second factor that can affect your rates is your age. Anyone that is between 25 to 65 years old will be considered in the lower-risk category for age. People in this category are less likely to encounter car accidents and claims that people who are under 25 and people who are over 65. If you are under 25, you do not have a lot of experience driving compared to someone who is over this age. If you are over 65, you may have issues with your vision, or you might be on a lot of medications that can impair your reflexes. In either case, both of these age groups are more likely to get in accidents.
Your marital status
The other factor you should know about involves your marital status. Did you know that getting married puts you in a lower-risk category for auto insurance? Insurance companies rely heavily on statistical information, and through this they have discovered that married people have fewer car accidents than singles. The result of this is savings on car insurance if you are married. If you recently got married and have not informed your insurance company of this, you should. The savings you might get from this may surprise you, and it is only because you switched from being single to married.
These three factors are not things you can change, yet they will play a role in your insurance costs. If you would like a quote for coverage, or if you have questions about how insurance rates are calculated, contact an insurance company, like Sunset Insurance Agency, that offers auto insurance policies.
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