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Calculating Car Insurance Buffalo New York NY

Reader’s Question:

Do insurance companies run credit reports to determine my rates? I have excellent credit history here in Bufallo, New York but I still end up with higher insurance rates!

Marcia

Buffalo, NY

Hi Marcia, it is possible for an insurance company to run your credit history as part of the process to determine your rates. However, these are not the only factors that are used to calculate your insurance premiums. Here are some other factor that can affect the outcome of your car insurance premiums there in Buffalo, New York.

Factors that are uncontrollable:

Your age is one thing that affects your car insurance premiums. Teenage drivers are statistically shown to get involved in more car crashes and traffic violations. Senior citizens, due to slower reflexes, degenerating eyesights and the other effects of aging, are also considered riskier drivers.

Factors you can control:

Your driving history has the biggest impact on your insurance rates. Previous traffic violations, tickets and Driving Under the Influence (DUI) arrests are just a slew of the things that can cause you to pay high insurance rates. Your type of vehicle is also a factor, a second-hand, older car will cost less to ensure than a brand-new sports car. Where you live, the theft and crime rates and accident rates will also be factored in. Some will even put under consideration the kind of job you have, if you’re on the road often or on a desk all day which affects the likelihood of you filing for a claim.

 

Tags: car insurance