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Urban Texas drivers often pay among the highest auto insurance rates in the state. In San Antonio, the average driver pays between $1,300 and $1,400 per year for their coverage. This is a high enough cost on its own. However, if you have elevated driving risks, you might pay even more. What are some of the factors that influence risks? What can you do to keep your rates in line?

Auto insurance risks influence how much you pay for your coverage. The more you have, the higher your price. As a driver, keep in mind that you have opportunities to keep a tight leash on your rates.

Understanding Car Insurance Risks

To an auto insurer, risks are the likelihood you have of filing a claim on your coverage. The higher your likelihood of a claim, the higher your risks. Furthermore, the higher your cost to your insurer.

If you have a higher risk of a claim, your insurer will likely have to charge you more for coverage. They have justification to make the rate hike because you show a higher risk of problems. They determine these measurements using a variety of metrics.

The metrics that insurance companies use to measure risks vary by company. However, commonly, they use some combination of the following measures.

  • Your accident history and driving record are clear indicators of your risks as a driver. Previous actions behind the wheel often indicate a risk of future recurrences.
  • Age also plays a role in risk. Young drivers who have little experience often have the highest driving risks.
  • Your coverage history will also influence risk. If you carry coverage continuously on every car you own, then chances are you will continue to do so. If you ever let your policy lapse, then insurers might view you with suspicion when you reapply.
  • The type and value of your vehicle might drive up rates. The more valuable the vehicle, the higher coverage often costs.
  • Credit scores might also impact insurance rates. Credit is a good measurement of whether you will pay your bills on-time. It also might show that you will be able to better handle the costs of vehicle issues. Therefore, your risk of claims might drop.

Other metrics might also come into play. However, the key point is that the cumulative risk value will impact your rates.

Therefore, you should do whatever you can to keep your risks low. Drive safely, keep active auto insurance and always pay your existing premium on time. The more responsibility you take, the lower your auto insurance costs might prove to be. So, when setting out around San Antonio, always pay close attention to the road around you.

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