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Infographic: Why is your car insurance so high?

Posted Apr 5th 2011 4:20PM

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By Aaron Richardson

Car insurance rates are determined with a host of factors in mind. Objective items like a motorist's age and driving record are the most-weighted factors insurers consider, but those items among a couple of dozens of things used to figure out what your premiums will be. Included in the CarInsurance.com graphic are stats like 2010's most-expensive car to insure, the Porsche 911 GT2, and the least, the Mazda Tribute.

Behind driving record, age and marital status are factors like what you drive, your gender, your state and credit rating. While lots of the factors are things drivers have some control over, a small part of the insurance rate you pay comes down to what company you choose to go with and which policy you buy. Follow the jump for an expanded breakdown of insurance costs.

[Source: CarInsurance.com]

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ThinkInsure.ca

thanks for sharing this piece. As an Ontario car insurance brokerage, I can agree with your comments especially concerning raising your car insurance deductibles and removing collision coverage under the right situation. These tactics can save you more than you may think….it could add up to hundreds in car insurance rate savings each year. Use a quote comparison tool like ours to play with different scenarios to see what works best with your budget…
http://www.thinkinsure.ca/car-auto-insurance/car-insurance-rate-ontario/car-insurance-compare-online-quotes.php
Jon D.
www.thinkinsure.ca

October 11 2012 at 6:27 PM Report abuse rate up rate down Reply