Welcome to Leenic Agency
At Leenic Agency, we strive to provide you with valuable information and resources to help you navigate the complex world of insurance. Whether you're looking to save on auto insurance or protect your business, we've got you covered.
What affects my auto insurance rates?
1. Driving Record: A clean driving record with no accidents or violations generally leads to lower rates. Accidents, traffic violations, and even speeding tickets can increase your premiums.
2. Location: Where you live plays a significant role. Urban areas often have higher rates due to increased accidents, theft, and vandalism.
3. Age and Gender: Insurance companies often consider age and gender when determining rates. Younger drivers, especially males, are typically seen as higher risk and may pay more.
4. Vehicle Type: The type of car you drive can affect your premiums. High-end or sports cars, which are more likely to be stolen or damaged, usually have higher premiums.
5. Credit Score: In many states, your credit score is used to determine your insurance rates. A poor credit score can lead to higher premiums.
6. Claims History: Having a history of claims, even if not at-fault, can increase your rates.
7. Deductible: A higher deductible (the amount you pay out-of-pocket before insurance kicks in) will generally result in lower premiums, while a lower deductible will increase your premiums.
8. Coverage Limits: The amount of coverage you choose (e.g., liability limits) also affects your rates. Higher coverage limits will generally lead to higher premiums.
9. Other Factors: Your occupation, marital status, and even your annual mileage can also influence your rates.