Insurance Quotes: 5 Factors that Affect Your Quote

Curious about what impacts your insurance quotes? There are several basic factors that can have a significant impact on your insurance quote. While your insurance quote is just an estimate of what your actual car insurance rate will be, comparing insurance quotes is a great way to estimate your insurance costs.

Accidents and Tickets Affect Your Insurance Quote

It's probably pretty obvious, but the more accidents or tickets you have on your driving record, the higher your insurance quote will be. If you get into an accident or receive a ticket, then your car insurance rate will inevitably increase. If you have an accident or ticket on your driving record, compare insurance quotes from multiple providers since different insurance providers may feel differently about how much of a risk you are to insure.

Vehicle Type Impacts Your Insurance Quote

It seems obvious that the type of car you drive has an affect on your insurance quote and the cost of the car insurance policy you end up choosing. If you drive a car that is expensive to repair, has a higher probability of being stolen or has a low safety rating, then your insurance quote will reflect the increased risk to insure your car.

So if you're deciding between a Ferrari and a Ford Focus, you might want to get an insurance quote for each and see how big the difference in insurance really is. Guess which one costs more to insure!

Your Coverage Levels Affect Your Insurance Quote

While car insurance is mandatory, you get to choose the amount of coverage you need. If you choose a high limit of liability coverage, then your insurance quote will reflect a higher price than if you went with your state's minimum coverage level. However, you need to choose the amount of liability coverage that will financially protect you in the event of an accident.

Another way you control the cost of your policy is by choosing your deductible for your comprehensive and collision coverage. The higher your deductible, the more you save on your policy. Try raising your deductible to see how your insurance quote changes.

Age Impacts Your Insurance Quote

When you are entering your information to get your insurance quote, your age plays an important role. Typically, drivers under the age of 25 will pay more for car insurance. If you are under 25, don't be discouraged if your insurance quote seems higher than you thought it would be as— there are ways to lower your car insurance rate .

Your Marital Status Affects Your Insurance Quote

Getting married? You should get a new insurance quote to see how getting married may affect your car insurance rate. Most insurance providers see married people as being responsible and usually award married drivers with lower car insurance rates.

There are many factors that affect your insurance quote. The best thing to do is answer all questions truthfully so the car insurance rate you receive will be closer to what your quote was. Use InsuranceRates.com to compare multiple insurance quotes to find the policy that fits your needs.