Who doesn’t want to insure their car against any sort of vandalism, accident or theft? I can see no raised hands so far! Car insurance, like health insurance and home insurance has its ABCs which you have to get down pat before you sit back and enjoy the ride.
Obviously, a 16 year old gangster with a Ferrari won’t be treated on a par with a 50 year old matriarch with a Volkswagen. The difference between the two is as plain as the light of day. And the insurance companies can detect the slightest hint of trouble brewing a mile away.
Those below the age of 25 are a liability and a risk since they often go and crash their cars just for fun. As for those between the ages of 50 and 65, they happen to be the most careful of drivers.
Then there is the issue of gender. Males are more reckless than their better halves. And the third most important marker is whether you are married or single. Marriage seems to lend stability to life and so those who are hitched seldom get into accidents and mishaps.
Then after these factors there are a number of other signs the car insurance companies look for when gauging the car insurer.
- Whether you have a good or bad driving record is way up there at the top.
- The locale you belong to whether it is an inner city congested area or a suburb where the rich live, is crucial too.
- Finally, your brand of car, its price, how many people drive it and what purpose you use the vehicle for all count in the equation.
Once you have all this figured out, you may change your statistics to better fit the sort of car insurance premiums you desire for your gas guzzler.