Influence auto insurance rates

The age of the driver. Young and old drivers need to pay more insurance premiums as they are more likely to have accidents than middle aged drivers. In addition premium payable is determined by the car you drive. If you drive a sports car or any mean machine then your premium will hit the sky as compared to a sedan or compact car.Auto insurance companies compute risk by where a car owner resides.So speeding tickets, accidents, parking violations, and running red lights are all factors that can save you money.Most insurance companies consider an individual with a good credit history and score as a lower risk and offer lower premiums on auto insurance. The credit report reflects the fact that you are a responsible individual and are dependable. Those living in rural areas or suburbs pay lower insurance premiums than those who live in a city.safety features in a car; anti-theft devices; eco-friendly fuel use; use of car pools and public transport; exclusive use of vehicle only for personal use and so on.cost of parts, and sticker price of car. In case an individual updates his driving skills regularly and follows all safety norms and rules laid by the highway and road patrols then the insurers offer lowered premium rates.Lately if auto insurance is bought online the rates are much lower than when bought through an agent or office. And, different insurers base the premiums on auto insurance based on their experience so while one may consider the occupation of the individual a risk another may give more emphasis on whether the vehicle is used for commercial purposes.