Car insurance companies consider many factors when deciding how much to charge for coverage. They evaluate your level of risk and see how likely you are to file a claim. When shopping for a policy, it helps to understand how providers determine their rates, so you know how to reduce your cost whenever possible. For the residents of Andalusia, AL, Tim Bryan Insurance is the leading source for finding the best deal on quality coverage. He offers a variety of product options to protect all facets of life.

Below, he reviews some of the most common factors that impact the price of car insurance:

• Amount of Coverage & Deductible: Although you’re only required to carry a minimum amount of liability coverage, you will likely need more to adequately protect your finances. The more you add, the higher your premium will be. The deductible you agree to pay out of pocket for repairs will also impact your rate; the higher it is, the lower the premium, and vice versa.
• Credit Score: Many people are surprised to learn their credit score affects insurance rates. Companies generally view those with a lower score as having increased odds of filing a claim. The better your rating is, the more discount you can usually expect to receive on your monthly premium payment. 
• Driving Record: Your driving record is one of the biggest determinants that establish your car insurance rate. Providers review your history to see if you’ve caused any accidents or been cited for traffic violations. If so, this will signify you’re at a higher risk of filing a claim, and your premium will be more expensive.
• Type of Car You Drive: The type of vehicle you drive will also play a significant role in how much you pay for insurance. The more expensive a car is, the more it will cost to cover. Providers also take into account its safety features and rating, as well as the likelihood of it being stolen. A car that is less prone to accidents or theft won’t cost as much to insure.

Knowing what factors influence your car insurance premiums will help inform your decisions when purchasing a vehicle, your driving behavior, and looking for discounts you may be eligible for. Tim Bryan Insurance can assist you in making more informed decisions, whether you’re researching quotes or need to optimize coverage. Call him at (334) 222-1460 to request a quote, or visit online for more information.