Factors That Impact The Cost Of Your Car Insurance Policy In Tallahassee
When calculating your auto insurance expenses in Tallahassee, insurance companies take various factors into account, including:
State Requirements: Your policy must meet the minimum coverage mandated by Florida state law, which entails $10,000 in damage liability and $10,000 in personal injury protection (PIP).
Your Age: Younger drivers often face higher rates due to their limited experience and increased likelihood of accidents. Generally, rates start to decrease after turning 25.
Your Car’s Make and Model: Safer vehicles generally lead to lower rates. For instance, insuring a recent Toyota Corolla typically costs less than a Chevrolet Corvette.
Driving Record: Previous accidents and traffic violations can result in notable rate increases, as they indicate a higher probability of filing future claims.
Yearly Mileage: Those with lengthy commutes usually pay more compared to individuals who drive less frequently.
Credit History: A higher credit score frequently leads to lower rates. Insurers have observed that individuals with higher scores tend to file fewer claims.
Zip Code: Depending on your workplace and where you park your car overnight, the risk of vandalism or damage to your vehicle can influence your rate. This might result in discounts or rate adjustments.
Marital Status: Married drivers typically receive lower rates than single drivers.
Gender: Men around the age of 45 typically pay around 6% less than females of the same age. However, the gender difference tends to even out for drivers in their 30s.