Factors that increase the price of auto insurance | UNIVISTA INSURANCE

Factors that increase the price of auto insurance

Factors that increase the price of auto insurance. In Florida, it is a crime to drive without auto insurance. The laws require that to drive a vehicle the driver must have, at least, a civil liability policy.
There are several factors that influence the price of the insurance premium, such as the zip code where you live, the experience of the driver, the credit status of the policy beneficiary, and the type of car.
For example, if someone lives in a very busy city, where there are many car thefts and a high number of accidents, this reality will most likely reflect negatively on the price of insurance. There could even be a big difference between one zip code and another. It is good that you know that among the most expensive cities for auto insurance in the entire country are three in Florida: Orlando, Miami, and Hialeah.
Another factor that influences the price of premiums is adding a young, inexperienced person to the insurance policy, or someone who has recently obtained a driver’s license. Not surprisingly, insurers like to keep risk under control and protect themselves by increasing the price of the premium.
The gender of the driver can also play a role. Some studies indicate that young female drivers are more judicious than boys of the same age when they are behind the wheel.
The type of car that is driven is also taken into account by the companies when setting the price of your policy. If it is a car that meets all current safety standards, the price of the premium does not rise that much, otherwise, prepare your pocket.
Many times, the issue is not buying an expensive car, but what it costs to maintain it. Well, if you drive a very expensive sports car, this will influence what you will pay for insurance.
In addition, if it is a model that is highly desired by thieves and it leads the ranking of the most stolen vehicles, your premium will surely not be one of the lowest.
For everything there is a solution, if you consider that you are paying a lot for your auto insurance, call Univista Insurance and you will see how much money you can save. Factors that increase the price of auto insurance.

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