A-1 Autoinsurance
1-800-921-1120
The Hartford AARP CF 200x120
  
Insurance Articles by A-1 Auto Insurance



Factors That Affect the Cost of Liability Auto Insurance


Before you race out to purchase the automobile of your dreams, you need to ensure you can pay for the required insurance. The rates of different types of coverage such as liability auto insurance vary depending on the insurance provider you choose. However, you may not realize some of the factors that insurance companies take into account when they determine liability auto insurance rates. While you are comparing auto insurance rates to find the best deal, make sure to review the following statistical components used by many insurance.


CREDIT HISTORY


Many drivers don’t realize that failing to pay their bills on time can hike up the cost of their liability auto insurance. The majority of insurance companies review the credit history of prospective clients to help them determine the cost of their premiums. The reason is that individuals who suffer from a poor credit history are more prone to filing accident claims. Therefore, the insurance companies often charge these drivers more for their auto insurance.


TYPE OF VEHICLE


The make and model of vehicle you drive can also affect the cost of your liability auto insurance. That’s why driving a fast sports car will almost always result in higher premiums than if you drive a trusty sedan. Insurance companies look at factors such as a particular vehicle’s cost of repairs, safety records and likelihood of being stolen. Therefore, if you want to lower your auto insurance premium, you may want to consider purchasing a vehicle that has been proven safe and reliable.


GENDER


Unfortunately, the statistics regarding gender and auto accidents are bad news if you’re a young male. Because statistics show that men younger than 30 end up in more accidents, these individuals end up paying a higher premium for liability auto insurance.


DRIVER AGE


Younger drivers almost always pay much more auto insurance. However, the good news is that your premiums will drop significantly after you reach 25 and have a good driving record.


LIFESTYLE


Believe it or not, individuals who have children or are married tend to be involved in fewer accidents. Therefore, if you fall into either of these categories, you will most likely pay lower premiums for your auto insurance. If you only use your vehicle to travel back and forth to your nearby workplace, you may be able to negotiate a lower premium. Many companies will charge less if you live two miles or less from your workplace. However, you may end up paying a higher premium if you live in an area that has a high crime rate.


DRIVING RECORD


One of the most important factors that determine your auto insurance rate is your personal driving record. You may pay more if you have moving violations such as speeding, but you will pay even higher premiums if you are involved in any motor vehicle accidents. In addition to the damages caused, you may end up paying a higher rate for your auto insurance. Depending on the severity and frequency of accidents in which you have been involved, your insurance provider may cancel your auto insurance coverage.


ADDITIONAL INSURANCE COVERAGE


Certain types of auto insurance such as liability insurance cost less than collision insurance. However, you also need to consider what would happen if you were involved in a serious accident and had purchased only liability coverage. You could end up losing everything you own to pay for the necessary medical expenses.


The factors used by insurance companies to determine your liability auto insurance rates vary with each state. The criteria also changes frequently, so you should check with your local insurance provider to find how they determine premium rates. Some states have decided to stop using some of the factors listed above. For example, in 2008, Massachusetts passed a law that prohibits insurance companies from considering factors such as gender, marital status, education, income, occupation, age (except for drivers older than 65) and credit history.


 











What is homeowners insurance?

Why do you need health insurance?

Why do you need life insurance?

How Does Your Credit Score Affect Your Insurance Rates

Why You Need to Report That Accident

How to Collect on an Insurance Claim

How to Prevent Vehicle Theft

What to Do If Your Vehicle Is Stolen

Obtaining Affordable Auto Insurance If You Have a High Credit Score

How to Obtain Affordable Business Auto Insurance

Factors That Affect the Cost of Liability Auto Insurance

How to Avoid Driver Distractions

Resisting Road Rage

Qualifying for Military Auto Insurance Discounts

Obtaining Auto Insurance for an Out of State Move

Obtaining Teen Auto Insurance

How to Lower Your Auto Insurance Rates

Avoiding the Temptation to Drink & Drive

Submitting a False Insurance Application

All About Assigned Risk Insurance

Don’t Rely Solely On Price When It Comes To Auto Insurance

How to Avoid Insurance Fraud

What You Need To Know About First Time Driver Auto Insurance

The Top Ten Steps to Avoid Insurance Fraud

How to Obtain DWI Auto Insurance

Save Money by Changing Your Auto Insurance

Insurance Tips

All About High Risk Auto Insurance

SR22 Insurance

International Auto Insurance

How to Obtain Auto Insurance with A DUI

Obtaining Auto Insurance For Hard to Insure Vehicles

Components of Auto Insurance

Obtaining an Auto Insurance Student Discount

State Auto Insurance Minimums

MINIMUM STATE AUTO INSURANCE REQUIREMENTS

Car Insurance for Female Drivers

Purchasing Direct Auto Insurance

What You Need to Know About Family Car Insurance

How to Obtain Affordable Car Insurance after a Divorce

When You Should Disable Airbags

Car Accidents Often Occur Very Close to Home

All About Personal Injury Protection

Do You Need Small Business Car Insurance

Discover the Facts About Safe Car Insurance

The Limitations of Auto Insurance

No Credit Check Car Insurance

Insurance Policy Cancellations

What You Need to Know About Short-Term Car Insurance

Reviewing Auto Insurance Rates in Various States

All About Classic Car Insurance

Obtaining Seniors Auto Insurance

How Cell Phones Affect Car Insurance

Temporary Auto Insurance

Finding an Affordable Auto Insurance Policy

Learning More About Gap Car Insurance

Comparing Vintage & Regular Auto Insurance

Discover the Facts About No Fault Auto Insurance

The Facts About Commercial Auto Insurance

Everything You Wanted to Know About Term Life Insurance, But Were Afraid to Ask...

Think Your Lifestyle Has No Effect On Life Insurance Rates – Well, Think Again!

Discover the Various Types of Life Insurance

Useful Tips for Purchasing Life Insurance

Protect Your Small Business With Term Life Insurance

Purchasing Life Insurance Coverage For Your Children

When Should You Opt for Term Life Insurance?

What to Do If You Lose Your Life Insurance Policy

The History of Whole Life Insurance

The Main Differences Between Term Life & Whole Life Insurance

Whole Life Insurance Glossary

What You Need to Know About Variable Life Insurance

Learn More About the Different Types of Whole Life Insurance

Purchase Life Insurance Before It’s Too Late: Discover Why You Should Act NOW!

Insuring Your Spouse with A Life Insurance Policy

Discover the Many Benefits of Life Insurance

Everything You Wanted to Know About Universal Life Insurance

Discover the Facts About Term Life Insurance

The Advantages of Purchasing Whole Life Insurance

10 Important Facts About Purchasing Life Insurance: Discover the Secrets…

Save Money By Comparing Term Life Insurance Quotes

Discover Where to Obtain Whole Life Insurance

Return of Premium Term Life Insurance is Making A Comeback

What You Need to Know About Key Man Life Insurance

The Many Functions of Whole Life Insurance: Why You Should Consider It

The Benefits of Buying Term Life Insurance Online

Should You Combine Term Life & Whole Life Insurance?

How to Select A Beneficiary

The Dangers of Letting Your Life Insurance Policy Lapse

What You Need to Know About Mortgage Life Insurance

Discover How to Obtain Affordable Life Insurance… Even If You Are Over 50

The Benefits of Joint Term Life Insurance

Choosing Life Insurance to Accommodate Your Changing Needs

Purchasing Life Insurance for Newlyweds

All About Fixed Term Life Insurance

What Women Need to Know About Purchasing Life Insurance

The Importance of Life Insurance For Young Individuals

Permanent Life Insurance or Term Life Insurance: Which One is Right For You?

Are You Aware of Additional Life Insurance Options? Learn More About Rider Benefits

How to Save Money When Buying Term Life Coverage

Choosing Between Term Life & Whole Life Insurance If You’re A Young Adult

What You Need to Know About Short-Term Life Insurance

Do You Actually Need Life Insurance… Read On to Find Out!

How Life Insurance Can Protect You When You Purchase A House

Discover the Flexibility of Whole Life Insurance!

Should You Switch to A Whole Life Insurance Policy?

Wonder How Insurance Companies Calculate Your Premiums?

Do Something Positive For Your Health & Your Pocketbook & Quit Smoking

Deciding Between Whole Life & Term Life Insurance Once You Retire

How to Obtain Life Insurance Coverage If You Have A Medical Condition

The Importance of Key Person Life Insurance

Discover the Premium Payment Options for Whole Life Insurance

How Can A Life Insurance Policy Protect Your Loved Ones?

Discover Why You Should Purchase Life Insurance NOW!

Why Is Return of Premium Life Insurance Increasing in Popularity?

How to Find A Reputable Life Insurance Agent

Using a Life Insurance Policy to Pay off Your Home

The Basics of Life Insurance

How to Protect Your Family with a Life Insurance Policy

Discover the Facts About Child Life Insurance

Weighing the Advantages of a 5 and 10-Year Term Life Insurance Policy

The Many Benefits of Term Life Insurance

Should You Buy A Whole Life or Term Life Insurance Policy If You’re Single?

Deciding Which Whole Life Policy Best Meets Your Needs

Discover the Security of Term Life Insurance

When Should You Update Your Life Insurance Policy?

Determining How Much Life Insurance Coverage to Purchase

Term Life Insurance: One of the Most Affordable Options

Benefits of Offering Group Life Insurance to Your Employees

The Importance of Life Insurance for Stay-At-Home Parents

How to Simplify the Process of Comparing Life Insurance Rates

The Importance of Selecting Your Life Insurance Beneficiary

Deciding on Term Life or Mortgage Insurance

How Are Life Insurance & Health Insurance Rates Determined?

Preparing Your Family Members So They Know How to Collect Life Insurance Death Benefits

Do You Know What Your Life Insurance Coverage Includes?

Learn More About Joint Term Life Insurance Learn More About Joint Term Life Insurance

Why You Should Consider Whole Life Insurance If You’re Young

What You Need to Know When Applying For Life Insurance

Purchasing Life Insurance For Married Couples

Whole Life Insurance for Young Children

How To Purchase Life Insurance Without A Medical Exam: Discover the Pros & Cons

When Is Whole Life Insurance Preferable to A Term Life Policy?

Life Insurance: A Great Way to Plan Your Financial Future

5 Ways to Pay Less For Your Insurance Premiums

Looking for the Perfect Gift This Christmas: Choose the Gift of Life Insurance

Buying Whole Life Insurance When You’re Healthy & Young: Discover Why It’s Best Not To Wait

The Pros & Cons of No Examination Life Insurance

Discover 7 Easy Ways to Pay Less for Life Insurance

What You Need to Know Before Purchasing Life Insurance

Term Life Insurance & Buying a House: An Effective Partnership!

Determining the Amount of Term Life Coverage to Purchase

Dealing with Life Insurance Issues When You Divorce

Why Purchase A Term Life Policy?

Home | About Us | Contact Us | FAQ's | Articles | Site Map | Privacy Policy Copyright © 2018 A-1AutoInsurance.com, 5705 Steep Hill Road, Bldg 10712, Fort Smith, AR 72916