7 Things That Increase Your Car Insurance Rate
How are rates determined by vehicle insurers? Using data from online research, Cheap Insurance identified seven variables that affect auto insurance.
The knowledge that their damages will be covered in the event of a car accident and that someone will be there to assist them in the aftermath gives drivers peace of mind. However, there is a cost to having peace of mind: According to U.S. News & World Report, American drivers will pay an average of $1,553 for car insurance annually by the year 2022. Let’s look at page 2 for the first thing that affects the insurance rate.