Mississippi auto insurance rates are determined by a number of factors. One of the most important ones is the applicant’s driving history. Insurance companies look past events and use them to predict the likelihood that a customer will make a claim against a policy. Customers who present a lower level of risk pay lower premiums than higher risk drivers.
If you have been involved in an accident within the past three-five years, you may be looking at paying higher rates for your MS car insurance coverage. After that time has passed, your rates should start to come down.
The make and model of the car to be insured also effects rates. Some cars cost more to insure because they are more expensive to repair. With others, the issue is that the car is more likely to be targeted by thieves, which means it’s riskier for insurance companies to cover
Location also matters when Mississippi auto insurance companies are setting rates. If you live in an area where a number of car thefts or incidents involving vandalism have been reported, you will be paying higher rates than if you live in a quieter area for car insurance purposes. Customers who live in metropolitan areas (where there are lots of cars on the road) are more likely to be involved in a car accident than someone who lives in a rural area.