subject: Factors Affecting Auto Insurance In Austin [print this page] Factors Affecting Auto Insurance In Austin
Whenever a person buys a car, he needs to insure it. The companies providing auto insurance in Austin provide financial coverage for any damage caused to the car or the insured person. It is a painstaking job to find a reputable and authentic company that offers cheap auto insurance in Austin, Texas. Special laws have been endorsed in Austin, which strictly prohibit the use of cell phones during driving, especially for the young novice drivers. As the number of teenagers getting killed in car accidents are increasing, recently the US Senate is considering to pass a bill that would raise the minimum standards for getting a driver's license. One needs to make regular payments toward the insurance premium. The amount of premium depends on several factors, which are as follows: 1. Age: The insurance companies regard young generations as reckless drivers and more prone to cause accidents. So, a person below 25 years of age has to pay a higher premium. 2. Gender: Women are considered as safe drivers, so, they have to pay a less amount of premium. 3. Marital Status: Married persons are considered to have more responsibilities. So, a married individual has to pay a lower amount of premium than a single person. 4. Driving record: A person with a good driving track and no traffic tickets or records of accidents for the past few years, will have to pay less premium rate. 5. Type of vehicle: A person, possessing a very expensive car or a sports car, has to pay more premium rate for insurance, as the vehicle has higher chance to get stolen. 6. Credit history: A person with a good credit history has to pay a less amount of premium, as the company will consider him as a person not likely to be a defaulter in paying the premiums. 7. Profession: If the person is in a profession like a banker or an office executive, it means that he has to travel less, as he is likely to do most of his work from office only. In that case, he needs to pay less premium rate. But, if he is in a profession which involves lot of travel, like a newspaper vendor or a salesperson, he has to pay a higher rate of premium.
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