When CT auto insurance companies are determining how much to charge policyholders for their coverage, several factors are considered. For one thing, the insurer will want to know the make and model of the car to be insured. Customers who drive sports cars can expect to pay higher rates for their coverage than consumers who choose to drive a more modest vehicle that is not designed to be driven fast (and is more likely to be involved in an accident as a result). They also track repair costs for different models, and the ones which require imported parts or are complicated to restore to their pre-accident condition will also cost more to cover.
An applicant’s driving record is also an important factor when setting rates. Insurance providers look at past events as a way to determine how a driver will behave going forward. A person who has been able to maintain a clean driving record for a number of years will be able to qualify for lower prices than someone who has a driving history that includes accidents and/or moving violations. The insurer will ask whether an applicant has been involved in any at-fault accidents within the past few years before providing a quote for coverage.
Location also matters when it comes to setting rates for CT auto insurance. Companies gather statistics about which neighborhoods are most likely to report car thefts and acts of vandalism. A policyholder who has his or her vehicle garaged in one of these areas will be charged more for coverage.