Every state requires drivers to be insured before taking to the road. At minimum, you must carry liability insurance on your vehicle. However, you can also buy full coverage when you have a lien on your car or you want the most protection on your vehicle.
Regardless of the insurance coverage that you choose, you may wonder what factors go into determining the rates that you will pay each month. The typical car insurance company in Peoria, AZ, uses these criteria to determine how much to charge for your premiums.
Age
One of the primary factors that will go into determining your rates is your age. Insurers generally charge more for younger drivers or drivers over the age of 65. These drivers demographically have less reliable instincts, take greater risks on the road and thus are a greater liability to the insurer.
Car Make, Model and Year
Your car’s make, model and age also will be used to determine your premiums. Older cars in less than mint condition cost less to insure than brand new vehicles. If your car is new or relatively new, you can expect to pay more than if your vehicle were older than five to 10 years.
These criteria are just a few that your car insurance company in Peoria, AZ, will use to determine your premium rates. You will be quoted an exact price before your new policy will be issued.
