Insurance policies are a must for every vehicle owner to make sure that they are adequately covered for any issue that might take place. The average annual expense in auto insurance is $791. About 76% of the insured drivers tend to buy a comprehensive coverage, besides the liability insurance and around 71% purchase collision coverage. The top 3 insurers in regards to auto insurance for private passengers in 2012 are GEICO, Allstate and State Farm. There are 8 factors which are used for determining the auto insurance policies. They are the individual’s driving record, which includes speeding, running a red light, reckless driving and DWI/DUI. The second aspect is the usage of the car. Driving occasion would lower the insurance charges. The third is where the car is parked and the residence of the vehicle owner. The fourth is the age factor, where drivers below 20 are likely to be involved 3 times more in an accident. The fifth is the gender, since women are less prone to serious accidents. The sixth is the type of car driven, while the seventh is the credit history of the driver. The last factor is the amount and type of coverage taken by the individual.
Infographic by: insurancequotes