The area in which you live is an important factor for insurers to consider, as it affects the likelihood that your vehicle will be damaged. For example, your zip code can cause your insurance rates to fluctuate up to 91% in California. Other factors that can affect your insurance rates include credit history, age, marital status, zip code, gender, and annual miles. Which of these factors affects the price of your premium depends in part on the state in which you live.
For example, in California, insurance companies cannot use gender or credit history when calculating insurance premiums, so those factors would not affect insurance rates for California residents. Technically, there is no specific insurance for a stored car. The closest thing to vehicle storage insurance is comprehensive car insurance coverage, since it protects your vehicle against the types of damage it could suffer while parked on your property. Let's say a tree hits your garage during a windstorm and crushes your car.
Without comprehensive coverage, you're out of luck. However, with it, you will be protected against climate-related damage caused by wind, hail, hurricanes and fires. You are also protected in the event of theft or vandalism in your vehicle. Auto insurance companies prefer to insure safe vehicles, as they are less likely to result in costly claims.
Factors that can increase your insurance rates include negative information, such as adding traffic violations to your driving record, driving more, increasing your insurance coverage and reducing your deductibles. In addition, if your car and garage are damaged in the same case, such as a fire or flood, having home insurance and car insurance with the same company (called bundling your insurance) can make the claim process easier. Your state of residence is one of the factors that most affect car insurance rates, since the premiums for minimum state coverage vary by up to 318%. In California, Hawaii and Massachusetts, age won't have a direct effect on what you pay for car insurance.
Parking your car in a garage protects you from this type of damage, so your insurance company may charge you a lower rate if your car is securely parked in a garage. Your auto insurance company hates when your vehicle is left unprotected at night when it's most vulnerable. Men around 45 years old pay an average of 6% less for car insurance than their female counterparts, for example. Age affects the cost of car insurance by up to 38.9% on average because certain age groups are statistically more likely to be involved in accidents.
Collision insurance pays for damage to your car caused by a collision, no matter who is at fault. Since the year, make and model of your car will affect your insurance premium, it's important to check the quotes before buying a new car to find out how much you should budget for insurance. A garage helps protect your car against fire, hail, falling objects, and theft, and this is one of the reasons your insurance company may offer lower rates for parking in a garage. This information is not an insurance policy, does not refer to any specific insurance policy, and does not modify any provision, limitation or exclusion that is expressly stated in any insurance policy.
And remember that you'll only get the lowest rates if you indicate that you actually park your car in your garage. Simply having a garage on your property won't save you anything if you keep your car in the driveway. Some of the factors that affect car insurance rates are within your control, such as your credit history and whether you have ever been convicted of driving while intoxicated. If the person who damaged your car left a note, you can file the claim with their insurance company.