Auto insurance companies look at countless factors in order to determine premiums. However, there are several main factors that they look at that can help a future customer predetermine how much he or she will have to pay. The type of car a person drives is one of the biggest determiners when it comes to auto insurance. Nicer vehicles will cost more to insure than older vehicles. This is because it will cost the insurance company more money to fix the nicer vehicle in the case of an accident. Additionally, larger vehicles, such as diesel trucks, will cost more to insurance than a smaller economy car. This is because the larger vehicles can do more damage to another car if an accident occurs. Future car owners should think about these when looking at Tustin BMW or another dealership. A person’s location and how often they drive are also considered when determining a premium. Those who drive daily in highly populated cities are more likely to get into an accident than those who drive one a week in the country. There is a higher chance that the city driver will hit or be hit by another driver. Marital status and other personal information, including age and sex, are also used by insurance companies. Statistics show that married people getting into less accidents than single people. Similarly, women get into fewer accidents than men, and older people get into fewer accidents than younger people. Lastly, a person’s credit score is used to determine a premium. Although most people do not understand why their credit score is needed for auto insurance, statistics show that people with higher credit scores are more responsible all around. Therefore, those people are less likely to get into an accident.
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