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    higher the rate of insurance. On the surface, this sounds logical. Insurance companies have to pay to repair cars when they are involved in a claim, have had a co
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    As drivers and motorists we tend to look at insurance policies as commodities, and rightly so. Hence, we tend not to have loyalty to any particular insurance company as we mainly shop around to find the best possible rate. Most consumers don’t know what factors influence their car insurance rates. This article is intended to bridge that gap. Knowing what factors influence rates is the first step in determining how to lower your insurance rates going forward.

    In no particular order, the following are factors in your car insurance rating:

    1. Type of vehicle: Most consumers believe that the higher the value of the car, the higher the rate of insurance. On the surface, this sounds logical. Insurance companies have to pay to repair cars when they are involved in a claim, have had a col
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    any as we mainly shop around to find the best possible rate. Most consumers don’t know what factors influence their car insurance rates. This article is intended to bridge that gap. Knowing what factors influence rates is the first step in determining how to lower your insurance rates going forward.

    In no particular order, the following are factors in your car insurance rating:

    1. Type of vehicle: Most consumers believe that the higher the value of the car, the higher the rate of insurance. On the surface, this sounds logical. Insurance companies have to pay to repair cars when they are involved in a claim, have had a co
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    o bridge that gap. Knowing what factors influence rates is the first step in determining how to lower your insurance rates going forward.

    In no particular order, the following are factors in your car insurance rating:

    1. Type of vehicle: Most consumers believe that the higher the value of the car, the higher the rate of insurance. On the surface, this sounds logical. Insurance companies have to pay to repair cars when they are involved in a claim, have had a co
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    lar order, the following are factors in your car insurance rating:

    1. Type of vehicle: Most consumers believe that the higher the value of the car, the higher the rate of insurance. On the surface, this sounds logical. Insurance companies have to pay to repair cars when they are involved in a claim, have had a co
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    higher the rate of insurance. On the surface, this sounds logical. Insurance companies have to pay to repair cars when they are involved in a claim, have had a collision, have been stolen, etc. The value of the car does have some bearing on the rates. But the main factor is the safety of the vehicle. Safer cars cost less to insure. Insurers pay for accident benefits when an insured is harmed in an accident. Think about this: It costs a lot more to repair a human being than it does to repair physical damage on a vehicle.

    2. Your location: where you live and where your vehicle is parked affects your rates. This is because different regions have different loss frequencies. Possible factors could include congestion, weather conditions, theft frequencies, and access to loss mitigation services. S

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