There are several factors that could give an increase to the already expensive rates of car insurance policies. Largely your records would be a lot significant. Credit history can be a way for car insurance company to define whether you are risky or not. Indeed your credit history can influence several areas in your life and this does not exclude your car insurance policy. Your driving record also is a major contributor for providers to assess how risky you are as a driver. The more you have been involved in car accidents the more you have received tickets and the more you have ran away from paying those tickets the more you give your premium rate a justified increase.
There are also other factors that may add some more dollars on your insurance rate and some of this appears to be out of your control anymore. An example of this is your age. Young drivers receive higher rates than people aged 25 and above. Another is if you happen to be a male definitely you will get higher rates than females.
Well the rate of your premium is not just about you, your car also matters. The model of your car can raise your rate if it is a new and expensive model. The car’s mileage can also make your policy more expensive. If your car has safety devices, you have your chance for a lower rate. Another thing about car that would influence your premium price is whether it has undergone some modifications or not.
Generally speaking unmodified car’s insurance policy cost less than if some changes to the standard factory specification your car no longer is standard. These changes however are viewed by your insurance company as additional risk to your car. When you add or enhance the features of your car let us say you add new exhaust, spoilers and bumpers or lowered the suspension of your car, you are adding value to your car. Another is the modification was made to enhance the vehicle’s engine and performance the rate of your insurance policy will go up high.
Thus if you want to add feature to your car for some reason without wanting your premium rate be more expensive, maybe, you might want to consider taking the changes you have done to the minimum level.
For modified cars cases well it is still good to do comparing quotes from different providers. As much as possible do business with companies who specializes with insuring modified cars. It is also possible that they’ll be offering some discounts or special offer.