When you are shopping for CT car insurance, you might quickly find out that they ask a lot of questions. That’s because they are trying to find out information about you that affects your auto insurance rates. Here are five factors that help insurance companies calculate your insurance premium.
Age and Gender
Statistically speaking, young men in their teens and early 20’s are more likely to get into an accident, which can make rates go up. Older men, however, are less likely to get into an accident, and so rates are generally lower for older men.
Your marital status matters. People who are married usually have fewer accidents than people who are single. If you are married, you will likely enjoy lower insurance premiums than your single friends.
Where You Live
Most accidents occur close to your home. If you live in a densely populated area, there will be lots more cars in your neighborhood and therefore, more people getting in accidents. Repair costs are also higher in some areas than others so your location will greatly influence your insurance rates.
Finally, your credit score is one other factor that influences your CT car insurance premiums. There is no real formula that applies across the board, but generally lower credit scores will mean a higher insurance rate.