Now that you are considering protecting your car through a good auto insurance coverage, you also are most likely thinking of how you can lower your insurance rates.  A lot of things are attributed to how much you will pay for your insurance premiums.  Having a knowledge of these things will definitely help you better the chances of saving a huge part of your car money.

To keep you from having a big dent on your wallet due to very high insurance rates, here is a list of the factors that you may wish to consider and have a look at before you get that insurance for your car, or more so, before you decide on which car to buy:

1. Age: Consider yourself lucky if you are over 25 years old because you will most likely pay lesser insurance premium.  This is so because drivers over the age of 25 are perceived to be safer drivers than those under 25. However, if your age is  between 50 and 65, you will generally get much lower rates. Why? Because studies show that drivers between 50 and 65 usually have the lowest accident records.

2. Marital status: Studies show that drivers who are married have fewer accident records than single drivers. So, if you’re already hitched you’ll probably pay much lower auto insurance premiums.

3. Gender: If you are a man, you are expected to pay much higher premiums.  This is because men who are under the age of 25 are involved in more accidents than women who are under 25.  Generally, men have over three times as many deadly accidents. If you’re a man, and younger, expect to pay higher insurance rates.

4. Financial responsibility: Extensive industry studies and analysis have shown that credit history are highly and directly related to driving patterns of men and women. If your credit is good, you will generally pay less auto insurance premium.

5. Your driving history: The lesser traffic tickets and fewer accidents you have, the lesser you’ll pay for your auto insurance premium. Studies show that drivers without or less traffic violations or accidents have much lower chances of being in an incident that could prove to be expensive for the insurance company. That’s why safe drivers or those with lesser accident records get lower rates.

6. Your vehicle: If you have a car that is too expensive to repair, you will probably pay higher collision and comprehensive insurance rates.  This is because your big cars may cause more damage to other vehicles once in an accident, or are most likely to be stolen.  And since sports cars and SUVs generally fall into these types, they are more costly to insure.

7. Where you live: Statistics also show that drivers who live in smaller towns have lesser car accidents than those who are from large congested cities. So if you reside in a small town, you will most likely pay less for your car insurance. If you are from an area where natural disasters will most likely occur, or those places with severe weather, high theft or vandalism incidents, you will probably pay more for auto insurance premium.

8. Applicable discounts: Another way to lower your auto insurance rate is to take advantage of discounts your auto insurance provider offers. Some possible discounts that you can avail are as follows: