Factoring Agents on Car Insurance Rates

WHAT GETS FACTORED INTO MY CAR INSURANCE RATE?

One of the first steps in obtaining a Car insurance plan in California is getting a quote. Your quote will let you know just how much you can be expected to pay for your premium each month, and it lets you compare coverages along with the costs those coverages will require.

However, do you know how these quotes are calculated? While they use some bits of more “obvious” information, like your car model and where you live, there are sometimes some unusual bits of information used to create your quote as well.

While these unusual pieces of information may seem irrelevant at first, they actually make a lot of sense when they’re broken down a bit further. They help you to get your most accurate quote and to ensure that you’re paying a fair price while covering your vehicle sufficiently.

Unusual Factors In Calculating Your Quote

When you break down some of these unusual bits of information you learn a bit more about just how important all of these seemingly strange pieces of information really are. Some of the unusual factors that may be considered in creating your accurate custom quote are:

1.    Your occupation – Why would a car insurance provider want to know what you do for work? While this may seem irrelevant to your driving record, it actually makes quite a bit of sense. A person who works in sales, for instance, may use their vehicle to travel long distances across states, on highways, and into busy cities. All of this time spent on the road can make them more susceptible to accidents. An individual who works in a science lab may be considered to be particularly meticulous and careful; habits that often translate to their driving styles.

2.    What type of home you live in – The type of home you live in may also play a role in your car insurance quote. If an individual lives in an apartment building or a condominium, they’re likely sharing a parking lot with other neighbors. Time spent in a public lot can put their vehicle at risk of dings, bumps, and minor accidents. Additionally, an individual who lives in a single-family home with a driveway will likely have a lower risk of minor parking lot accidents while at home.

3.    Your marital status – Your marital status may also matter in figuring out your accurate car insurance quote. It is thought that individuals who are single may tend to go out more, taking their vehicle to local hotspots and coming home later at night. This may put them at higher risk of being in an accident and therefore needing to file a claim.

Get The Accurate Quote That Works For You

Every person’s lifestyle is different, and their car insurance quotes will be different as well. If you’re looking for an accurate quote near Northridge, CA your first step should be to talk to an experienced and knowledgeable car insurance professional. To learn what factors into your quote, contact us at Panorama today. Call: 818-781-6630