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Car Insurance Premium Factors

There are seriously a ton of auto insurance providers out there, and all of them want your business.

They will do whatever they can to get it. They will put the most ridiculous commercials on TV to lure you into their clutches. They will entice you with the wiles of a gecko who speaks in a charming cockney British accent. They will accuse you of being no smarter than a caveman. They will take the serious, solemn approach by making you think your children will die in car accidents if you do not go with their insurance companies. They are good neighbors. They are on your side. They will give you a better life.

Do not believe in this marketing hype.

At the end of the day, the premium of your car insurance is dependent on your driving history and other such profile details. Car insurance companies factor in all these about-you details to figure out your monthly payments:

Here are some personal factors that are taken into consideration towards your rate.

Driving profile

One of the things insurance companies will dive into, among other factors, is your driving history and the distance you drive yearly. Lesser citations, speeding tickets and a low accident history will lower your car insurance premium.

Type of Car, Make and Model

The car you will be driving actually provides one set of factors that goes into calculating the premium of the car insurance. The auto insurance firms will base it on the price of the car, safety features, and the likelihood of being stolen.

Car insurance coverage

From liability to full coverage your premium depends on the amount of coverage you want to get. Of course, the more features and coverage you want, the higher in return the monthly payment.

Personal Background

Personal demographics like age, the area you live in, and your job plays a big role in determining your car insurance premium. Younger drivers tend to have higher monthly premiums being that they do not have quite the record/history built up. Your job, may give the auto insurance company an idea of how much you travel, how much time you spend on the road, and what are the chances of you getting involved in an accident. Where you live also tells them a lot about the risks for car theft, cost of repairs, medical costs, and potential occurrence of accidents. For example; Seattle auto insurance versus insurance in Boulder, Colorado, with all other factors the same will probably cost more.

Look to the details; check out the fine print; compare shop.

Can Drunk Driving impact your Car Insurance Premium?

You would have read it thousands of time, don’t drink and drive.

But hardly people follow this golden rule of driving. Your negligence can not only cost you your life, it can also affect you socially, morally and financially. The consequences of drunk-driving conviction can be jail, guilt of harming others, a civil lawsuit, administrative and court fees and high insurance premium.

Drunk driving has adverse impact on the car insurance premium. What would the insurance company exactly do,dui depends on the company and the state law. The insurance company can cancel or decline the insurance policy, limit the claim and increase the insurance premium to a considerable amount.

In case your insurer declines you the policy, you can seek a new policy from the insurance company which offers insurance to high risk drivers. These companies offer non-standard insurance policy. Such policies are tailor made and are offered to people who have drunk driving conviction, negative driving records and people who live in areas where there is high vandalism and theft. Without a doubt, the rate of premium is quite high.

Insurance companies skyrocket your premium amounts if drinking driving conviction appear in your driving history. The insurance premium goes up by minimum of 300%. This is not a one time affair. You have to bear this hike for almost three to five years. This is big enough to cast a hole in your pocket, particularly, after paying for the attorney and court fees. Drunk driving not only affects your car insurance premium, it also affects your credit standing. As paying such high insurance premiums you start feeling its burden. In case you have a luxury car and you have a drunken driving conviction, it would be way too difficult for you to pay for your premiums.

But all is not lost; you can make efforts to bring down your car insurance premium. By your constant efforts and considerable time devotion you can lower down your insurance premiums. There are many specialists who negotiate with the car insurance companies on the behalf of the guilty. This results in limitations on your driving and policy. In the policy there would be certain clauses under which the insurer need not pay for the claim, which obviously include negligent driving after drinking.

The message of the insurance company is, quite loud and clear that ‘Don’t drink and drive’ both for our own safety and for economizing on your premium amounts. But, if you do get caught – find one of those great DUI / personal injury lawyers online, and save money!

How AAA Can Benefit You

Car trouble happens.

It happens a lot, in fact. I speak from experience; I had to get my car towed twice in the last few months — and my dumb butt does not yet have a AAA membership.

So I thought I would let the masses benefit from my dumb buttedness, if you will.

In researching AAA, I have learned that they offer a lot more than free towing, battery assistance, and the ability to get you out of trouble when you lock your fool keys in the car and don’t have a spare.

Probably one of the most surprising perks is the Guaranteed Arrest Bond Certificate. If you're involved in a minor traffic violation, members of AAA in a number of states use this certificate instead of cash on fines $1,000 or less. In some scenarios, up to an $5,000 bail bond is covered on those minor violations.

Did you know that AAA has a prescription savings program? Apparently more than 57,000 pharmacies across the nation are participants in this program. The discounts range from 15 percent discounts on brand names and 35 percent on generic. And for those pet owners out there; those discounts should apply to the furry ones' prescriptions that are also filled at the pharmacy.

I don’t know if you’re anything like me but remembering when your next oil change, timing belt and auto repair maintenance, etc. can be a pain. The AutoManager by AAA makes remembering these tasks and such maintenance-based tasks so much simplier. Just fill out an online form with basic information about your vehicle and you'll get e-mail reminders when it's time to perform these basic chores. AutoManager can also alert you to vehicle recalls and help with finding AAA-approved auto repair facilities. It'll even prompt you when it's time to pay your auto insurance premium.

AAA also offers benefits like shopping discounts, driver’s training for teens and other new drivers, even prescription medication programs.

Who can say no to that?