About Auto Insurance Cost

Introduction

Auto insurance cost will vary from person to person. The reason for this is that each person's individual situation is different from the next. Many factors go into determining one's auto insurance cost. Age is one such factor, often a younger person who has recently gotten their license will pay more than an older individual who has been driving longer. A married person may pay less than a single person. Tickets and accidents are another factor that is taken into consideration to help determine the auto insurance cost for a person.

History

When a teenager first gets their license, the auto insurance cost is usually pretty high. As the new driver gets older and gains experience, their auto insurance cost will go down. Of course this depends on whether or not they have avoided tickets and accidents. 25 is the age when they can expect their auto insurance costs to drop.

Staying with the same insurance company and avoiding accidents and violations will also usually result in a drop in the auto insurance cost.

Having the same insurance company for both auto and home insurance will result in a discount in auto insurance cost for your insurance.

Features

Features also effect auto insurance cost. You will need to at least meet your state's minimum insurance requirements. While each state's requirements will differ to some degree, you will be required to at least have liability insurance. Liability insurance covers damage done by you to others. Liability insurance will not cover damage to your vehicle.

Having full coverage insurance, which will take care of damage done to your car as well as to others will raise the auto insurance cost quite a bit. However, it offers the best protection.

You have the option of choosing your deductible. A deductible is the amount that you must pay before your insurance pays. For example, if you have a $500 deductible and the damage is estimated to be $1500, you would pay the first $500 and your insurance would take care of teh other $1,000. The lower your deductible, the higher your car insurance cost. Having only a $100 deductible will cost more than having a $1,000 deductible.

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