Expensive Car Driven
Expensive cars cost more to replace and repair, so it will affect an individual's auto insurance rate. Luxury performance vehicles such as the Mercedes, Jaguar, Porsche, Maserati, Corvette and Ferrari cost more to repair even in minor accidents, which raises an individual's premium.
Most Frequently Stolen Vehicles
Aside from expensive cars, driving vehicles that were most likely to be stolen added to the price of car insurance. In 2013, the vehicles most frequently stolen included:
- Honda Civic
- Honda Accord
- Chevrolet Pickups (full-size)
- Ford Pickups (full-size)
- Nissan Altima
- Dodge Caravan
At the beginning of 2011, car insurance companies dropped their rates anticipating the government's LAPSO legislation. Companies hoped this legislature would reduce the number of fraudulent claims, particularly for whiplash. However, these reforms did not greatly impact the market, and did not result in a large reduction in insurer costs. Fraudulent claims add approximately, $141 to the average premium.
Finally, your credit score could impact the insurance rate. People who leave their social security number off their quote—which you can do—does not consider DUIs and speeding tickets, and the verified premium will cost more than the quoted price. To lower your auto insurance rates, practice safe driving and avoid moving violations. Avoid late payments and criminal convictions to favorably impact your rates.
Call Pachuta Insurance Today @ 706-769-2262
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