Most would think that how much you have to pay for auto insurance is based on how your previous driving record looks: accidents, speeding tickets, miles driven, etc. However, this does not seem to be the full story. “The Consumer Federation of America found in a national survey released Monday that non-driving factors, such as a driver’s education, occupation or marital status often play a bigger role in insurance companies determining how much to charge someone for car insurance, and these factors can increase premiums by more than 100 percent. (Tim Grant, Pittsburgh Post-Gazette).”
While this may seem to be a flaw in the system, it can allow for added benefits to people who have made the extra effort to be given better rates. Teen crashes are the leading cause of death in the nation’s youth, so driver’s education not only can save money on your rates, but save lives. All of the factors used to determine a policy holder’s rate are in place not to discriminate against drivers, but because they are practical measures of insurance risk. In some cases you may not even be forth coming with information that could benefit you because you don’t know it can help lower your rate. To make sure your getting the full benefit out of your policies, contact Duncan Financial Group’s Personal Insurance division and talk to one of our friendly customer service representatives.
To read more about the study between non-driving factors and auto insurance rates, check out this article in the Post-Gazette.