What affects your car insurance rate?

Question

More specifically - does the number of years having your license have anything to do with your insurance rate? I got my license a couple of months ago and realized car insurance for a 21 year old in New York is WAAY too expensive for my blood. I was hoping it would go down next year? With me being older and having the license longer?

Answer 1

Yes, the more years you go accidents free, the cheaper your insurance will become. It also pay to constantly keep an eye on the market for prices so you know you aren't overpaying

Answer 2

Yes, the number of years you have been licensed and accident or claim free will help reduce your rate. You have to be accident free though....if you have had your license for five years, but have had two accidents, your rate is likely to go up, not down.

Answer 3

For auto insurance the obvious way to get a good rate is do a rate comparison on car policies. Make certain that you pick similar options with the same deductibles, car type, zip code, etc so that all options are an accurate comparison.



What I usually recommend is an online comparison quote at http://www.InsureAutoNow.info since they have top name insurers and can give several prices on car insurance polices.

Answer 4

Yes, it is very important factor while estimating your quotes.

You can try this company - http://autoinsurance.maclenet.com - I personally have their car insurance in NY. As I know they have cheapest insurance policies for teens and first time drivers.

Answer 5

Good experience you might get here.http://car-insurance.online-tips.info/ca...

Answer 6

Your rates are determined by your age,  location,  driving experience and record,  and the value and record of the vehicle you drive.

For your best answer,  check with a local independent agent.

Answer 7

Yes, the number of years you're licensed DOES affect your rate.  Some states don't base it on age AT ALL, only on "years licensed".  So that newly licensed 40 year old pays the same as a 16 year old.  

Best way to get the rates down, is buy an old car and only carry liability on it.

Answer 8

Try using http://My-InsuranceSearch.com to compare car insurance rates for all the major providers in your area.

Answer 9

What affects your rates? Well, it depends on your s*x. If you're male, your rates stay pretty high until you're 25 or married. Unmarried males are thought to be more reckless under the age of 25- especially if they're not married. If you're a female, your rates will go down when you get married & when you turn 25. Of course, your driving record plays a large factor on your rates. Also, the type of car you have. For instance, a young male/female unmarried & under 25 who choses a Mustang will pay very high rates compared to a married 40 year old guy with a good driving record.

I wouldn't look for your rates to really go down until you turn 25 and if you're married. You might want to look at the type of car you're driving also & make sure you don't get any tickets or in any accidents.

Answer 10

Don't expect any miracle discounts . You've got a long way to

go. Did you shop around...ie Gieco....

When I moved from NJ to NY my rates went up 200 bucks..

And I'm double your age...

Right now it's around 500.00 with a 1995 Toyota

Hope your rates go down,

KC