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Iowa Factors that Affect Insurance Rates

When you're buying auto insurance in Iowa, it's important that you're aware of all the factors that can affect your premium rates. While you can't control all of them, knowing what influences vehicle insurance rates will help you make sure you're getting credit for all the factors that should make your insurance cheaper. For the factors you can influence, being aware will help you leverege them to your best advantage.

Many auto insurance companies will help ensure that you are informed of all the factors about you that will affect your automobile insurance premiums. However, not all companies take the time to do this and, even if they do, it is best for you to know about the factors, too. That way, you can ask about anything that should be in your favor if your insurance company doesn't ask you about it.

Demographic Factors that Affect Insurance Rates

There are some factors about who you are that help determine your car insurance rates. For the most part, these are not factors that you can influence. However, it's still good to know what they are in case you want to ask your particular auto insurance company how they will affect your premiums.

The first of these factors is your gender. Male drivers are statistically more likely to be involved in motor vehicle accidents than females. Many insurance experts attribute this to the the fact that men are generally more aggressive than women, but the truth is that no one knows exactly why this is the case. However, it has proven to be true time and time again and so vehicle insurance companies use it to help determine auto insurance rates.

Another demographic factor that will affect your car insurance rates in IA is your age. Both younger drivers and older ones will pay more for auto insurance than those in the middle ranges, though the exact ages affected often vary between the companies. Younger drivers, because of their inexperience, are more likely to get into accidents. Older drivers are, too, probably because of some changes that take place in the brains of older adults.

Your marital status is another demographic factor that can affect your automobile insurance rates. Generally, married people are involved in fewer accidents than unmarried ones. Marriage is seen as something that steadies and stabilizes people, making them less likely to be overly aggressive or take risks while driving. Thus, married motorists will pay less for their Iowa auto insurance than unmarried ones.

Where you live also plays a role in determining how much you will pay for your automobile insurance. Some areas of Iowa have lower vehicle theft rates than others, and auto insurance will be cheaper where there is less theft. Insuring a vehicle is also cheaper in rural areas than urban ones. There is less traffic outside of highly populated areas, and so the chances of getting in an accident are much lower, as well.

Your location also plays a part in determining how much you drive, which can also affect your auto insurance rates. If you spend less time on the road, you are less likely to get into an accident, and therefore are a lower risk for the car insurance company. If, on the other hand, you drive a lot or have a long commute in rush hour traffic, you will pay more simply because you are around other cars more often.

Though it may seem odd, your occupation and hobbies can also influence your auto insurance rates. If your job is high risk, or you do risky things in your spare time, car insurance companies can see you as more likely to take risks on the road, too. Since risks on the road often lead to accidents and moving violations, vehicle insurance companies will charge you more for insurance if this is the case.

Finally, your health can affect how much you pay in auto insurance. If you are already in poor health, you are more likely to be seriously injured in a car accident, and so will pay more for insurance. Good health, likewise, can mean lower rates, too.

Other Factors Affecting Insurance Rates in Iowa

In addition to the demographic factors discussed above, there are other things that can help determine how high your automobile insurance premiums will be. Familiarize yourself with these, and you will be well on your way to saving money on your car insurance.

The single most important factor in determining how much you'll pay in auto insurance is your record of previous claims. If you have made a lot of claims, you have cost an auto insurance company more money and therefore will pay more in premiums. If, on the other hand, you haven't ever made a claim, you will probably pay less because the insurance company is less likely to have to pay money on your behalf.

Your driving record, including all speeding tickets and other moving violations, is also key in determining your automobile insurance rates. The more tickets you have, the more risky your driving and, in the eyes of your insurance company, the more likely you are to have an accident. Keeping a clean driving record, then, will go far toward lowering your vehicle insurance premiums.

Any lapses in your auto insurance coverage will also raise your insurance rates. Even if you were not actively driving, if you had a license and owned a car but did not have insurance on that vehicle at any time, you will pay more the next time you get insurance. Keep your insurance up to date, and you shouldn't have any problems with this.

Your car can also raise or lower your auto insurance rates. If you have certain safety features, like anti-lock brakes and airbags, or if your car has a high safety rating, you will pay less in auto insurance because there is less risk of anyone getting seriously injured in an accident in your vehicle. Similarly, installing anti-theft features, like a LoJack device or certain types of vehicle alarms, can also lower your insurance rates.

The make, model, and age of your car are also determining factors for automobile insurance rates. Newer, more expensive types of cars and models will cost more to insure, because the company will have to pay more if the car is destroyed.

Where you park your car at night will also affect how much you pay to insure it. If you park it inside a garage that closes, for example, it is less likely to get stolen or to be damaged by weather, so your insurance will be lower. Parking in a carport will raise your rates some, and parking outside or on the street will raise them even more.

Armed with this knowledge about the different factors that influence your auto insurance rates in Iowa, you should be able to talk intelligently with your car insurance company about what you can do to lower your rates. Make sure you bring up all the factors that could play out in your favor, so you can be insured rates as low as possible.


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