Insurance is a matter of personal choice and the insurance taker himself decides what type of insurance he wants to take for his car and from which company. Before a person takes up any type of insurance, he needs to understand that there are a number of Wisconsin factors that affect car insurance premium rates. The premiums are decided by the company by calculating many factors that generally change according to the specified population. The risk factor is analyzed before premium is decided. The insurance premium is directly proportional to the risk factor associated with a particular person.
The first factor that affects car insurance rates is your age. People under the age of 25 are more at risk unlike the elders. It has been seen that the people who are in the age group of 50-65 have the safest driving records. The higher the risk, the higher would be the insurance premium the person has to pay for his car. Not just age, the gender of the insurance taker also affects the premium rates. As women are statistically proven to be better drivers than the men, they end up getting lower auto insurance premium rates.
It has been seen that the marital status of a person also affects the rates he gets on insurance premium. A married person who has the same record as an unmarried one will pay less amount as insurance premium. Apart from the marital status, the place where the person lives also affects the rates he pays on his insurance. If the area where he lives is crowded, there are more chances of being involved in an accident or getting the vehicle stolen. In a state or city where the population is less, the accidents will be less and thus the premium will also be low.
One of the major decisive factors for car insurance rates is the driving record of the person. If you have speeding tickets and other tickets to your name in the past, expect your insurance premiums to be more. This is because there is a higher risk associated with such people and there are more chances of an accident in the future as well. If you improve your record, your insurance rate will get lower.
The insurance company also takes into account the type of car that you own. If you own a SUV, the insurance rate has to be high as more funds will be required to get it repaired if it faces some damage. A cheap car will thus have less rate of premium. If you have made any claims in the past for any accidents, the company will move safely and will charge more premium from you as there will be a higher risk of the same thing happening in the future. The rates will also be affected by your credit history. If you have had a bad credit history, the company will be at risk of not getting the premium and will thus charge a high premium from you.
Everything affects your insurance rates. What you do, your driving distance from home to work, the years of experience you have in driving and the number of miles you drive each year, will also affect the car insurance rates. Keep the Wisconsin factors that affect car insurance in mind and then take any decision.