Why Is Your Car Insurance So High If You Don’t Have Any Accidents?

For those of you eager to save on car insurance, you may be surprised to discover that it’s tough to answer the question “how can I find cheap car insurance near me.”. So, what’s the deal? You have no accidents on your record, shouldn’t that help you get an insurance policy that’s more affordable than another driver with a lesser driving record?

The truth is, regardless of how many or how few accidents you have on your driving record, you may still be expected to pay more for your policy. But why? What’s the reason for being forced to continue paying those higher premiums? Well, there are a number of factors that could determine your premium and many of them don’t necessarily relate to your driving record as much as your driving habits.

It’s still highly beneficial to buy car insurance without accidents or violations on your record because your rates could be even higher once you consider all of these factors:

Driving Patterns

Like we said, your driving habits are going to play a big role in determining how much you will pay to maintain car insurance coverage. The first of these is your driving patterns. How far do you drive the car on a weekly or monthly basis, how often do you drive it, and where? These questions all go towards calculating risk. Based on your driving patterns, the insurance companies will decide how much or little of a risk you pose to them.

The insurance companies will only reduce your premiums if you drive the car less and not very far. The longer you’re on the road, the greater the possibility you could get into an accident. An accident they may have to pay for on some level. You could have a perfect record, but if you are in the car all the time, you’re elevating the risk factor of providing you with coverage.

The Type of Car You Drive

The car you are insuring will also play a big role in your ability to get coverage at a reasonable rate. Something that’s safe and sensible and doesn’t attract the attention of highway patrol or car thieves is a lot more likely to cost less to insure than a cherry red, two-seater convertible with a premium sound package. All of those special features, luxury accessories, and custom equipment is going to cost more to repair and/or replace should something happen to the automobile.

So even with a driving record free of accidents, that Tesla is going to cost more to insure than a Toyota Corolla.

Your Address

Another key component that goes into the risk assessment process is the location where the car is parked. There is a wide criterion of data that is taken into account for your premiums based on where you live. Those factors include the current data related to the number of accidents in your zip code, population demographics, crime rate, even the weather is factored into what you will end up paying on your policy.

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