Advertising Impacts Auto Insurance Rates

This is a news story, published by Yahoo Finance, that relates primarily to The Insurance Institute for Highway Safety news.

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model impact auto insurance rates

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auto insurance

Yahoo Finance

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Technology

How your vehicle’s make and model affect car insurance costs

Summary

Nutrition label

80% Informative

The make and model of your vehicle can also make a big difference in how much you’ll pay for auto insurance.

Many factors can impact car insurance rates, such as being married versus single, ZIP code, credit score, a DUI, causing accidents, being designated as a “risky driver,” gender, and driving an electric vehicle.

The Insurance Institute for Highway Safety (IIHS) has a searchable page with data covering many makes and models.

Make and model are important components of auto insurance rate calculations.

Auto insurers use more than a dozen individual rating factors to determine premiums for each driver.

Other factors include credit history, age, gender, claims history, and policy limits and deductibles.

High theft rates of your make and model could lead to more expensive coverage.

VR Score

Informative language

Neutral language

Article tone

informal

Language

English