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Arkansas Factors that Affect Insurance Rates

Saving money on automobile insurance in Arkansas is dependent on many factors. Some of these factors you have control over and some you do not. You may be surprised what car insurance companies actually take into consideration when determining your insurance premium.

Since we are all looking for cheap car insurance, we need to be aware of the factors that are used to decide how much we will pay. If we can cut back on our payments for car insurance that we rarely use, we can use the money in another way. Educating yourself on the factors used by car insurance companies is simple and easy.

Driving Record and Your Insurance Rate

The most important factor when figuring out how much you will pay for car insurance is your Arkansas driving record. If you have had several tickets and accidents in a short amount of time you will pay more for car insurance. Most companies look back three years at your driving record before giving you a quote for car insurance. This is a factor that you can control by being the safest driver possible. If you have had tickets in the past, make sure you look at your insurance premium after three years to see if you qualify for a reduction.

Drivers over the age of 25 will usually find a cheaper insurance rate than other younger drivers. If you have teenage boys in your family you will be paying the most for vehicle insurance. Unfortunately teenage boys are responsible for a large potion of accidents each year. This is a major factor when paying a car insurance premium. Luckily, once the drivers reach the age of 25 they will pay less or the teenage drivers will get their own policy.

Mature drivers between the ages of 45 - 65 years old are considered to be the safest drivers. These are the people that probably pay the least for their vehicle insurance. This is not a factor that you can control, but you can look forward to paying a lower insurance premium when you reach this age.

Demographics a Major Factor in Insurance Rates

Married women will pay less for car insurance than an unmarried man in the state of Arkansas. You may ask why and statistically married women drivers are involved in fewer accidents then unmarried men. Although this is a factor that you can control when shopping for car insurance, it probably should not be the only reason for getting married.

Where you live is also a factor that you have control over when purchasing car insurance. If you live in the city you will pay more than someone who lives in a rural setting. If you have a garage to park your car in over night you will pay less than someone who must park their car on the street. If you have the opportunity and desire to move to a different location, you may be able to save money.

The easiest factor to control when deciding on car insurance is the type of car you drive. The sensible, four door, less expensive vehicle could save you hundreds of dollars on car insurance. Many people today want the expensive car with the "rims" and "system" in the car, but you will pay for these fun extras.

Safety features included on your car will also be a factor when determining car insurance premiums. The more safety features your car boasts, the more money you will save. You may also need to check online for the top vehicles thieves like to steal. If your car is one of these you may want to beef up your security system or consider trading for a less risky vehicle.

These are typical factors that are used when determining the amount of vehicle insurance you will pay each year. Most people do not even realize these factors are used when adding up how much car insurance you need and how much you will pay.

There are also less important factors used when determining car insurance. Over recent years insurance companies have been allowed to use your credit score to determine how much you will pay. For this reason you need to make sure you pay your bills on time and keep you credit score in shape.

The yearly mileage you put on your car will also be a factor. Obviously, the more you drive the car, the more at risk you are of having an accident or receiving a traffic ticket. You may be able to reduce the number of miles you drive each year which could save you money on car insurance.

Keep all of these car insurance factors in mind before purchasing car insurance in Arkansas and you will be sure to get the best deal possible.


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