Lancaster Insurance

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Rating Factors That Have An Impact On Your Insurance Rates

What Rating Factors Have An Impact On Your Insurance Rates?

There are several factors that have an impact on your auto insurance rates. What are those factors? How much of an impact do they really have? If you look at the chart below, you will see we listed some common factors and how much of an impact they do have on your rates.

FactorRate Impact
Major Violations (DUI,DWI,etc)High
Type of Vehicle CoverageMedium
GenderMedium
EducationLow
Marital StatusMedium
Insurance HistoryMedium
Vehicle Make and ModelMedium
How many drivers per vehicles listedMedium
LocationMedium
Lien holderNone

How Your Credit Affects Your Insurance Rates

Credit Impact on Insurance rates in Lancaster
Average Premium by Score
Excellent$108.78
Good$122.58
Average$147.59
Poor$208.74
A common factor that impacts your rates, is your credit. Insurance companies can look at your credit score and that be a determining factor on if your rates will be high or not. Check out the list above to see some examples.

How Your Age And Gender Can Impact Your Rates

May be hard to believe, but did you know that your age and gender can have an impact on your rates? Yes! Your rates can be determined by how old you are and how much driving experience you have and by your gender too. See some example rates below.

AgeMaleFemale
16-18$ 231.84$ 184.09
19-24$ 193.20$ 161.00
25-30$ 139.84$ 124.84
31-40$ 110.40$ 106.08
41-50$ 109.48$ 98.44
50-65$ 99.36$ 101.48
65+$ 106.08$ 114.08
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Violations And How Long They Can Impact Your Rates

Violation NameMajor, Minor, or Non MovingHow Long it Will Affect Your Insurance Rates
Failure to Stop for a Pedestrian Side walkMinor3 Years
SpeedingMinor3 Years
Driving without a LicenseMajor3 Years
Crossing over a Center DividerMinor3 Years
Failure to Secure Load to truck/trailerMinor3 Years
Failure to YeldMinor3 Years
Non-At-Fault AcccidentMinorNA*
At Fault AccidentMajor5 Years
Improper Lane useMinor3 Years
Reckless DrivingMajor5 Years
Failure to Use Turn SignalMinor3 Years
Failure to maintain Clear Distance (tailgatingMinor3 Years
Everyone knows that violations can have a major impact on your rates. There are lots of different violations though. So, which ones are major enough to affect your rates, and which ones are just minor? We made it easy on you and have listed some violations and how long they can stay affecting your rates.

Discounts And How They Help Your Rates

More on a positive note, lets go over some factors that have a good effect on your rates. This Is Discounts! Yes, insurance companies do offer discounts! When you look at the chart below, you will see on the right side some discounts that you may be eligible for and on the left side, how much of an impact those discounts have on your rates!

Impact on RatesDiscounts Available
HighNo Accidents or Violations
Very HighContinuous Insurance
HighPaid in Full
HighAuto Pay
MildMarried
HighAdvanced Quote
MildMulti Policy
MildMulti Vehicle
MildPaperless Discount
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Last Updated on August 30, 2021 by Katie Sopko

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