Insurance rates vary greatly from person to person. The rate that people pay is figured using a complex rating scale that involves a number of different things. If you are looking to buy a new car and are thinking about getting an electric one, then here are a few things that you may want to know before making the purchase.
The Factors that Help Rate Your Car Insurance Premium
· One big part of insurance rating is your personal financial management score, also known as your PFM. If you pay your bills on time and do not have any late payments you can be sure of a great rate.
· Your driving record is another part of the rating scale. If you have one ticket, then you can expect to pay a little more for insurance than a person with a spotless record.
· The car type also plays a role in how much you pay. A person who drives a sports car will pay more than a person driving a minivan. Sports cars are rate higher because the car is greater liability risk to the insurance company.
· Some insurance company’s have realized the value of environmentally friendly electric cars. They have started to offer a small discount for people who drive this style of in Green Valley, Arizona. So they end paying the lesser of two amounts based on the power of the car.
If you live in the Green Valley, Arizona area and have any questions about your auto insurance, then you need to call your independent agent today. As your agent we can help answer all of your questions about car insurance. It’s important that you give us a call so that we can give you specific details for your circumstances. You can only win by saving on your auto insurance.