There are many formulas proposed by insurance companies with various prices.
In general, the price of insurance is based on a risk analysis that depends on a number of factors. We can summarize these criteria as follows:
– The age of the insured,
– Behavior on the road,
– The vehicle,
– And the use made of the insured’s vehicle.
However, even if insurers adopt the same method to analyze their policyholders, the rates offered to the same formula can differ greatly from one company to another.
Factors impacting the amount of your contribution
Indeed, before granting insurance, companies considering the danger that any customer can represent. Their study is mainly based on the driving behavior of the applicant for insurance. And a good driver that never had an accident, the most advantageous formulas will be offered for him, while a driver with a history of frequent accidents will have to pay higher premiums.
This behavior is itself closely related to other factors. Driver’s age also comes into play. Statistically, young drivers represent the largest group involved in road accidents. As a result, insurers generally decide the price to pay for car insurance is inversely proportional to age. In other words, the younger you are, the more you pay expensive.
In addition, the model of the vehicle and its age are also taken into consideration. More the car is old, the risk of failure is high, and the risk of accident is increased. On the other hand, with sports car drivers tend to drive fast, and speed, means accident.
It is clear that the risk also depends on the area of traffic conveyed in question. The risk in the city is totally different from that incurred in the country. And within the same city, the risk differs from one area to another.
The optional benefits can increase the price of your car insurance
The price of insurance is likely to increase if you purchase optional coverage whose interest may be reduced. It is therefore important to consider insurance and offers analyze the guarantees that will be needed.
To find a car insurance policy with the optimal value for money, the best thing to do is to request clear and concise quotes from insurance companies.
Originally posted 2013-07-24 13:31:24.