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Auto Insurance - Factors That Affect Your Premium

Thereís nothing miserly about wanting to save as much money as possible. Affordable auto insurance can be difficult to find if you donít know how to shop around for it, and itís very common for reside...

Thereís nothing miserly about wanting to save as much money as possible. Affordable auto insurance can be difficult to find if you donít know how to shop around for it, and itís very common for residents of Traverse City, MI to find themselves settling for quotes that exceed the amount of money that theyíd be comfortable shelling out. We all have to make sacrifices, but that doesnít mean that itís not possible to make things exponentially more convenient. If youíre one of those people who feel their auto insurance is too expensive as it is, then itís important to understand a few of the factors that might affect your premium.

Unfortunately, some of the things that work to increase or decrease your auto insurance premium are things that you canít change on your own. Your age and gender, for example, are two of the most significant factors that come into play when itís time to look for the right coverage. To be more specific, teenagers tend to have much higher auto insurance premiums than adultsóso if youíre underage, waiting until youíre older is the only surefire way to decrease your insurance rate by a considerable margin. As for the issue of gender, women tend to have greater access to discounts than men do.

If youíre wondering why age is such an important thing to consider when deciding a driverís auto insurance premium, the answer is simply that teenagers are statistically more likely to get into accidents than adults are. On average, teens tend to be considerably more reckless behind the wheel, and so they pose a greater threat to other people on the road. In order to complement this fact, itís necessary for teenagers to pay higher premiums until theyíre of age. However, depending on the circumstances, there may be ways to mitigate this problem; for example, if youíre a student with decent academic records, then you may be eligible for discounts.

Thereís a similar reason that women donít usually have to pay as much as men. On average, women have lower auto insurance premiums because they are statistically less likely to be involved in traffic accidents. Women tend to drive considerably less often than men, and when they do drive, they usually donít cover as much distance. This means that if youíre a woman living in Traverse City, MI, your coverage probably wonít cost you quite as much.

If youíre in what you consider to be an unfavorable situation, you can still lower your premium by purchasing cars that are more difficult to break intoScience Articles, and also by keeping your driving record as clean as possible.


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Auto insurance Traverse City, MI - Johnson & Associates Insurance is a full service insurance agency providing affordable auto insurance rates in Traverse City, MI. Get in touch with them.




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