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It’s natural to want lower car insurance rates, especially if you’re a safe driver who takes the proper precautions when on the road. Knowing how rates are determined is the first step towards lowering costs, and, in Monroe, NC, Tammy Ross Insurance can help you do just that. Here, they explain a few of the factors that affect your rates.

What Affects Your Car Insurance Rates?

1. Type of Car You Drive

car insuranceSafety ratings matter when it comes to insurance rates. Vehicles that are considered unsafe, such as cars lacking safety features and those capable of reaching high speeds, might incur a greater insurance cost than those that are designed for optimum safety and security. If you’re in the process of purchasing a new vehicle, keep in mind that safety can give you cost savings, as well as peace of mind.

2. Credit History

Insurance agents look at risk when insuring drivers, and people with poor credit histories are often considered a higher risk than those with favorable ones. As a result, a company might perform a credit check before settling on a price, which can increase monthly premiums for those drivers with spotty financial histories.

3. Driving Frequency

The more you’re on the road, the more risks you’ll regularly encounter. That means you will most likely incur a higher premium than people who rarely drive. Along with this factor, agents will look at previous driving history to see whether you have been involved in any accidents or regularly receive tickets for moving violations.

When shopping for quality car insurance in Monroe, the team at Tammy Ross Insurance provides quality products at affordable prices. Learn more about their complete listing of services, including life and homeowners insurance, by visiting their website. If you’d like to speak with someone about obtaining coverage, feel free to call (704) 233-4981 today.

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