The cost of car insurance is also rising steadily, both in Georgia and across the country. All insurance products are governed by the terms of the applicable insurance policy, and all related decisions (such as coverage approval, premiums, fees and charges) and policy obligations are the sole responsibility of the insurance insurer. Car insurance rates vary depending on the make and model of the vehicle, as different types of cars have different accident statistics, repair costs, and safety features. Driving history is one of the most important factors when looking at car insurance rates in Georgia.
Car insurance companies use the driver's age to determine how likely they are to have an incident or file a claim. Coverage for uninsured or underinsured drivers can help you manage the financial consequences of being hit by an uninsured motorist or with too little insurance to pay for your damages. In states that allow it, such as Georgia, auto insurance companies often use credit-based drivers' insurance ratings to help them calculate rates. If a car has higher accident statistics, an insurance company may determine that it is more likely to be involved in a car accident and may quote higher premiums to it.
However, keep in mind that price isn't the only factor to consider when buying car insurance. Cars that cost more to repair, such as foreign vehicles with imported parts, generally have higher auto insurance premiums. Meanwhile, if your car comes equipped with certain safety features, your car insurance company may reduce your rates, although it's worth noting that repairing some advanced security features can also cost more if damaged. The best auto insurance companies in Georgia are different for everyone depending on individual circumstances.
Insurance companies use specific rating factors to calculate insurance premiums, such as your age, the make and model of your vehicle, your credit history, and your driving history.