Factors That Affect Auto Insurance Rates In Washington
Reader’s Question:
My rates has recently been increased by my car insurance provider here in Washington. I’m wondering if my recent traffic violation got anything to do with it. Can you tell me what factors can affect my insurance rates?
Jeffrey
Seattle, WA
It is quite possible that the added traffic violation ticket against your driving record there in Washington may very well caused your increased auto insurance rates. It really depends on how many violations you’ve had before and how the latest violation could have tipped your record off into a “high-risk” driver. There are other factors to consider whenever an auto insurance provider evaluates, or re-evaluates your record. It is quite possible that falling within a certain age group, such as becoming a senior citizen, could have also caused your insurance to increase. Elderly drivers, along with teenagers, are also considered to be high-risk drivers and therefore the cost of insurance for them is high as well.
Your credit history also has an impact on how your car insurance premiums come out. Simply put, a bad credit rating shows your not able to handle your finances or bills well and this will be taken by insurance companies as an indication of how good you take care of everything else, including how safe you are while driving on the road. It is important to realize that the major reason your car insurance provider will raise their premiums is due to an event or something that you may have done that puts you at a higher probability of filing a claim. The added premium compensates for the added risk the company is taking to insure you and your vehicle.
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