Whether you just have car insurance or already have car insurance but want to save on expenses, take a moment to understand the car insurance premium rates so that you can save even more next year. 
In determining the cost of insurance premiums, each insurance company has different factors using statistical data that consumers do not know. However, there are several factors that are often used and can make you save on insurance premium costs.

The Main Factors Affecting All Risk Car Insurance Premiums 

1. Credit Card Score

In some places, the insurance company will check your credit card score first. They want to know if you paid your credit card bill on time or not. 
If you have a problem with the bank regarding a loan or credit card arrears, you will get insurance premiums at high prices, maybe even your car insurance application will be rejected.

2. History of Your Car Insurance Claim

How often the frequency of auto insurance claims is more important than the driving record. Most insurance companies have a valuation scheme and award those who have no claims. Companies also provide additional fees or reduce discounts to those who make frequent car insurance claims. 
The insurance company will also check how often you made claims in the last five years. Negative records in claims and driving history will have an impact on the level of car insurance premiums provided. On the other hand, being a driver with a good record (without any violations or accidents) will earn you a discount.

3. Driving Notes

For those of you who have often driven a car, driving records are also a consideration for insurance companies in determining whether you are eligible to receive car insurance or not. 
Usually the insurance company will check from your ticket record at the police or at the prosecutor's office for the last three years. A bad driving record combined with a bad credit card score and a bad car insurance claim history are the reasons for getting high insurance rates.

4. Choose Car Insurance Products Continue

Look for the right car insurance product, because if you maintain insurance coverage that doesn't suit your needs, you are spending a wasted expense.

5. Car Garage Location

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If your car is parked in a garage or on the side of the road, it also affects the level of car insurance premiums paid. 
Some areas have higher accident and car theft rates than others, which will result in an increase in the insurance premium you have to pay. Examples such as in metropolitan areas and areas with high crime rates also have the potential to be subject to high car insurance costs as well.

6. Driver's Age 

•    Young driver

Age also plays a role in determining the car insurance premium that must be paid. This is a major factor if a driver is under the age of 25. The younger the driver, the more expensive the insurance premium rate. If a young driver is designated as the main driver, the increase in insurance premiums can be up to 3 times. 
Data shows that younger drivers have higher rates of accidents, damage and injuries than older drivers.

•    Gender

Gender has little impact on auto insurance rates except for young drivers. Boys will pay more than girls especially during adolescence. As an adult, gender has little effect on auto insurance rates.

7. Length of Driving Experience

Length of driving experience includes: 
1. Young driver 
2. First-time driver 
3. International drivers entering a country

Most insurance companies will add extra fees to inexperienced drivers. Namely drivers who have less than 3 years of driving experience in the country.

8. Brand, Model and Type of Vehicle

The year of manufacture and the model of the vehicle is also one of the factors for insurance companies in determining the car insurance premiums that must be paid. 
Some types of vehicles have a higher level of safety than other types. Sports cars and other luxury cars are usually more expensive in premium due to the high number of claims for these vehicles and the high cost of replacement parts.

Various types of security devices in the car also have an effect on determining car insurance premiums. The majority of vehicle insurance companies provide discounts for vehicles equipped with antilock brakes, airbags, and other anti-theft features. 
• Data from each vehicle model is collected and parsed to determine which car is safer, has a lower cost easy to repair and have a lower incidence of auto theft. 
• . These statistics have an impact on auto insurance rates for all warranties.

9. Mileage Per Year

Insurance companies also know that cars that are used frequently are more prone to accidents. Some insurance companies offer discounts for cars with low kilometers. 
For example, discounts on cars that have just traveled under 10,000 miles per year. In fact, there are also insurance companies that provide more discounts for cars with a mileage of under 5,000 miles per year.

Understanding the factors that determine the level of auto insurance premiums to pay can help you save money, both in the near and long term. We suggest you to have a discussion every year with the insurance company you use about what factors you can save on expenses.