You may have heard of the myth that red cars cost more to insure than other cars, but that myth has been officially busted. Would you like to learn about the real factors that affect the rates you pay on Auto Insurance? At Whiteside Insurance you will find agents with helpful advice. We want to work with you to keep your rates as low as possible.
So, while the type of car you drive can affect your insurance rates, the truth of the matter is…
You, yourself, are the biggest factor!
Yes, there is a lot about you that will influence what your rates will be. It all comes down to what type of people tend to get in the most accidents. Young, unmarried men will pay the highest amounts for auto insurance. If they keep a good driving record, and find the right spouse, they can just about cut those rates in half! The funny thing is, older men usually pay less, since elderly ladies have been proven to get into more minor accidents than the guys do.
Another factor will be where you chose to live. Quiet, rural towns have a much lower risk of vehicle damage and theft than busy, urban cities. Also, in the highly populated areas, there are often more unemployed and uninsured drivers out on the roads, which affects everyone else’s rates.
Are you a commuter? If your lifestyle includes putting many miles on your car, you will probably end up paying more than the person who leaves their vehicle in the garage while they use public transportation.
And, of course, your driving record makes the biggest difference in what your rates will be. The more incidents you have on record, the higher your costs.
So, even though you may end up paying more for a small sports car than for a medium sized SUV, regardless of the color… the truth of the matter is, if you keep a clean record and drive safely, that is your best bet for saving on your insurance premiums.