Car insurance

What Determines Your Car Insurance Rates?

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There are many factors that determines your car insurance rates. Your credit report can be used by car insurance companies to use your credit history to drive up your insurance costs. They usually use your previous driving record to determine your new rate by using a point system. Factors such as age, gender and marital status can also have an impact on your rate. Car insurance rates are also determined by the type of car you drive as well as annual mileage, anti-theft devices installed, your location and the deductible you’re willing to pay shall you need to file a claim.