The Factors that can Increase the Cost of your Auto Insurance The cost of auto insurance can affect the choice of car, the type of coverage and the insurance company you take a policy out with. Auto insurance is known for sometimes being expensive and something that has to be thoroughly researched before the best price is found. Auto insurance is a legal obligation. Any driver, car or vehicle owner must be insured regardless of the coverage type or ways in which they use the vehicle. There are an increasing number of factors that can impact the cost of auto insurance, some that are out of our control. Often the way in which we drive can cause the cost of insurance to be relatively high, in particular, breaking driving rules and guidelines that see many punished with driving related convictions. Some of the most common causes are… · Speeding Speeding restrictions are in place to keep drivers and pedestrian’s safe and different areas, such as residential areas for example, have strict speed limits which are clearly identified. Breaking the speed limit can incur large fines, penalty points and in extreme cases driving bans. Penalties must be declared to insurance companies. · Cell Phones Not all states ban the use of cell phones whilst driving although some states impose restrictions. The states that do impost restrictions are able to convict drivers of distracted driving. Each state uses their own discretion to impose penalties. Convictions will see the cost of insurance soar. · Misinformation Not giving true and accurate information within any policy will automatically increase the expense if the misinformation is discovered. It is vital to be honest and declare any penalties or convictions even if it means your annual policy cost is higher. Gaining several auto insurance quotes will help discover the best and most affordable price. · Making a Claim If you are unlucky enough to be involved in an accident, whether it was your fault or not, claiming on your insurance policy for the cost of vehicle repair will see the annual cost rise. It may not be a significant rise but driving carefully and being constantly aware will dispel this issue from arising. · Age, Sex, Location Your age, gender and place of residence are all factors that affect the auto insurance policy. If you are a young male, you are considered more likely to be involved in an accident and therefore a higher risk. The insurance premium will reflect this. · Vehicle Choice The newer the make and model of the car, the less expensive your insurance policy will be. Older vehicles are considered safety risks and likely to be more expensive to repair which is obvious within the cost of the insurance policy. Before purchasing a vehicle it is wise to compare different insurance quotes from various insurance companies to make sure you are getting the best price. It is also wise, once you become a fully fledged driver, to ensure you follow the rules of the road and do not do anything that may result in a penalty or conviction and you can watch your auto insurance cost decrease on an almost yearly basis.