To determine premium costs, insurance companies use complicated algorithms to profile drivers based on a set of predetermined factors. Among an array of factors taken into consideration, one major focus is driver type. While no two carriers go by the exact same calculations, your age, driving record, and driving habits all play a big role in the policies you can get and the rates you’ll need to pay.
How insurance companies view you has a huge impact on your insurance costs, coverage options, and discount eligibility. There are several potential categories of drivers that carriers consider when calculating their rates, and it’s important to note that many drivers don’t fit cleanly into one section or another -- for example, a senior driver can also be a driver with incidents. Here are the major driver types that insurers focus on:
Knowing the type of driver you might be categorized as can help you find lower cost insurance. Each insurer has a different business model and a different ideal customer base -- certain companies prefer to insure safe drivers, while others focus on high-risk drivers. Keeping in mind where you stand while insurance shopping can lead you to a carrier that offers both more relevant and more affordable options for your unique situation.
Saving money is important to everyone, and car insurance is one place that costs can quickly become overwhelming. While we’ve already discussed that driver types are important and can have a major effect on monthly rates, there are universal ways to bring those costs down. No matter what age you are or what your driving history looks like, keep the following in mind:
By strategically shopping, all types of drivers can benefit from being aware of how insurance companies might be calculating cost. Shopping around for the providers that want to work with drivers like you can make a huge difference when it comes to how much you pay for insurance over a lifetime. By using our site’s personalized comparisons, you can find the insurers that are looking to work with you and start saving money on insurance within minutes.
No matter your driver type, Compare-Auto-Insurance-Quotes.com will help you save on coverage from top companies. Just enter your zip code to find the best quotes for your needs!