Insurance Premium Are Affected By Your History
Life Insurance - The rates used in determining your insurance premium are affected by your history of claims and traffic violations for up to three years. Drivers with more accident/ticket records will have higher insurance premiums. Your Age, Sex and Marital Status. Image by Google.com Statistics show that the frequency of accidents is higher for males than females. Teenagers have more accidents than adults and single people have more accidents than married people. High accident frequencies mean higher premiums. Your Residential Location Congested areas such as cities, have heavier traffic and more thefts and vandalism. Consequently, these areas pay higher insurance premium s than rural areas. Type of Vehicle and Vehicle Use Some vehicles cost more to repair than others do and therefore cost more to insure. Higher premiums are also the result of vehicle usage, such as business use and vehicle performance, such as turbo or other high performance engines. One of biggest factors affect