Reader’s Question:
I’m almost ready to buy my first car. I just need to know the factors that would affect my car insurance.
Josh
Tampa, FL
A: I’m glad you asked before you purchase your first car since the first factor that could affect your car insurance is the type and model of your car. So if you plan to buy an expensive car, think again because it will surely have an equivalent of high insurance cost. Remember to look for the average cars like the sedans and ignore the big and expensive type of vehicle.
I assume you already droved a vehicle before. Your driving background is also a factor and it will affect your car insurance also. If you have a history of car accident or even minor violations such as traffic tickets, be ready because it will more likely increase your insurance cost.
Another factor is the mileage your car will consume. So I’d suggest that you use your car for important occasions. If you can maintain a low mileage, you are eligible for a low mileage discount, once an auto insurance company knows that you spend less time on the road it automatically means small chance of getting into an accident thus cheap car insurance.
Lastly, your age will affect your car insurance rate. Insurance rate depends on the age of the driver. Young drivers will acquire expensive insurance rate while mature or older drivers have an advantage of acquiring the cheaper ones.
These are the factors that will determine your car insurance cost.