Like death and taxes, car insurance is one of those “facts of life.” If you or a family member plans to get behind the wheel, you’re going to need car insurance to protect not just yourself, but others on the road. Peruzzi Mitsubishi in Quakertown, PA knows the ins and outs of safe driving, so here are their insights into what influences the cost of your auto insurance policy.
THE TYPE OF CAR BEING INSURED
It doesn’t take much thought to figure out why insurance costs on a flashy (and fast) sports car will cost more than a reliable family sedan. You could have the best credit score and driving history, and you’ll still see a spike in your premium. Peruzzi Mitsubishi in Quakertown, PA offers a full line of safe vehicles – yet which still serve up a pretty snazzy look (and feel) on the road.
IS IT SAFE?
Insurers appreciate the kind of safety devices you’ll find in the Mitsubishi line. They’re the little extras that let them know there’s another layer between the car and potential mishaps. And that can result in lower insurance costs.
DRIVING EXPERIENCE
Insurers consider new drivers “high risk” – which means they’ll pay more in premiums. At the other end of the spectrum are “mature” drivers, those over 40 with some time behind the wheel. Insurance costs for older drivers will tend to be much lower.
CREDIT SCORE
Insurance companies often look at a driver’s credit score, as it reflects a general sense of “responsibility.” The higher the score, the better it shows up the driver – and that can positively impact the cost of insurance premiums.
DRIVING HISTORY
It’s hardly a surprise that a driver’s history on the road is a key element in determining an insurance premium. Those without accidents or even parking tickets will naturally get a better rate than those with more reckless road habits.
POLICY LIMITS
If a driver opts for high coverage, they’ll pay for it in their premium. If they want coverage for “add ons” like roadside assistance or windshield repair, that will also add to the bill.
DEDUCTIBLES
If you’re willing to pay more out of pocket after an “incident” (aka a “higher deductible”), your insurance company will reward you with a lower cost on your premium.
Your insurance company is your insurance company. But if you want a vehicle that will make a positive impression (and perhaps positively impact your auto premium), stop by Peruzzi Mitsubishi in Quakertown, PA.
