Auto insurance is required in most states. If you drive and get stopped without it, you could pay a hefty fine. If you are involved in an accident, especially if you are at fault, and you have no insurance, the other driver could file a lawsuit against you. When this happens, you may have to pay their damages. You may think you cannot afford automobile insurance, but can you really afford not to have it?
What Determines the Cost of Insurance?
Here are a few things most auto insurance companies look at when providing you with a quote. One of the first things is your age. Statistics say that very young and senior drivers are more likely to be involved in an accident. Therefore, these two age groups typically will be charged more for auto insurance.
The type of car you want to insure is another factor that is considered. Is it brand new or are you purchasing a sports car? These are two types that often cost more to insure because new cars cost more to repair and sports cars are a higher risk for accidents.
Another thing that insurers consider is the number of years you have been driving. Experience behind the wheel can result in lower insurance premiums. How many miles you drive each day can affect the cost of your insurance. It is less risky to drive 20 miles a day than it is to drive 200 miles a day. One example of a company offering affordable car insurance sacramento is Eugene C. Yates Insurance Agency.
Depending on the state you live in, your insurance could be higher or lower. Living in the country versus the city can affect insurance costs. Does your vehicle have safety features such as air bags, an anti-lock braking system (ABS), or a rear view camera? Safety features can make a difference as can vehicles with anti-theft devices.
Knowing what is considered when you receive a quote for your auto insurance will help you understand how your cost will be calculated.