• 
• DC Auto Insurance
• Rates

District of Columbia Auto Insurance Rates

Factors That Affect Your District of Columbia Auto Insurance Rates

Your Vehicle’s Risk Classification

There are a lot of factors that determine your insurance rate in Washington DC. One of the most important elements is your vehicle’s risk classification. A car is classified based on its performance capability and its retail cost and the higher the performance capability, the higher the risk factor. This is because better performing vehicles have to ability to go faster. Some vehicle’s also have a higher ability to handle aggressive maneuverings. Higher performing vehicles can usually cause more significant accidents and damage to other vehicles. A car that has a high market value costs insurers more to replace, so that also increase insurance premiums. Vehicle risk classification is also determined by statistics measuring the number of thefts, accidents and repairs per year for each car.

Your Age Makes A Big Difference

Age is a high factor that affects your insurance rate, and there is nothing you can do about it. Statistics show that drivers under the age of 25 cause the highest percentage of car accidents, while drivers between the ages of 50 and 65 cause the lowest percentage. Therefore, auto insurers charge higher premiums to younger drivers because that specific population costs the most insurer pay outs. Those between 50 and 65 are put in a lower risk pool because they statistically cause insurers to pay out less.

Marriage Can Save You Money

Policyholders who are married tend to have lower insurance rates. This is because marriage is often considered an indicator of financial stability and insurers figure they are more likely to reliably make their payments.

The Distance that You Commute

Washington DC may not be a huge area, but the distance you commute to work is still a major factor. Some policies are determined based on the average distance that the car will be used on a normal day. The premium may also be affected by the annual mileage put on a vehicle and for what purpose. Usually, the mileage is provided by the insured person, but some insurance providers request this information before determining a policyholder’s risk.

Click on the links for more information about District of Columbia auto insurance or District of Columbia auto insurance quotes.