8 things that make car insurance more expensive

Among the factors that can make your vehicle insurance more expensive are the gender, age of the driver, as well as type of residence. See in more detail.

1 – Driver age

In general, insurers tend to charge more for insurance taken out by people aged between 18 and 25. According to the company's thinking, this is an age group that is still acquiring driving experience. Consequently, they are more prone to accidents.

Furthermore, anyone who takes out insurance is over 25 years old, but lives in the same property as a person up to this age, is likely to pay more for the product. The insurance company understands that the young person can drive the vehicle, as it is within their reach.

2 – The gender of the driver makes insurance more expensive

Just like age, the driver's gender is among the things that make insurance more expensive. Typically, men pay more for insurance, due to statistics that show more incidents and accidents involving them, compared to women.

3 – Civil Status

It may sound crazy, but divorce is one of the things that makes car insurance more expensive. The common thought of insurance companies is that married people and, especially, with children tend to have more responsibility when driving. In other words, they have less risk of being involved in accidents.

4 – Driver history

The old saying “the past condemns you” fits well here! If you have a history of accidents, as well as many points on your driver's license for fines, your insurance will inevitably be more expensive. This builds the profile of the hiring person and, if the insurance company sees that defensive driving is not their strong point, they may understand that the risks of accidents are greater.

5 – Your home can make car insurance more expensive

The person's type of residence can also influence the price of car insurance. Homes on public streets typically lead to higher values, as there is no entry and exit control by a gatehouse.

Likewise, if your house does not yet have a garage, or any suitable place to store your car, the value goes up. Apartments with garages or gated communities, on the other hand, can reduce them.

Depending on the region where the person lives, car insurance can also be more expensive. The company considers, for example, the fact that it is a place with a high crime rate.

6 – Use of the vehicle

Initially, vehicles intended for commercial use are predisposed to accidents, as they circulate more. Therefore, the premium paid for insurance is also higher. Therefore, the value of the contract may also increase.

7 – The vehicle itself is one of the things that make car insurance more expensive

Brands and models of vehicles “most targeted” by criminals tend to have high insurance values. Likewise, cars without an alarm or any security device pose a greater risk of robbery and theft, which is why prices also rise.

At the same time, armored vehicles are even safer, however, they are more expensive to maintain. As a result, protection is ironically one of the things that makes auto insurance more expensive.

Finally, insurers also assess the state of conservation, current market value, and whether it is a national or imported vehicle. Initially, imported cars, as well as old ones, tend to have more expensive car insurance.

8 – Deductibles and coverage

Among the things that make car insurance more expensive, of course, are the types of deductibles and coverage. The more items covered, the higher the value. Similarly, when you take out a cheaper deductible, the insurance price is more expensive.

So far, we've seen what things can make car insurance more expensive. And how do we reduce this value?

First, be careful with the value of deductibles and coverage. The ideal, then, is to only hire the items that are truly essential for your needs. Also, take care to reduce the influence of things that make car insurance more expensive, such as storing the vehicle in a garage and setting an alarm.