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The factors that affect the price of auto insurance policies include the marital status of the auto owner or driver which has a significant effect on the insurance policy rates. Most auto insurance carriers believe that married people are more responsible than unmarried ones. A married person has spouse and kids, so he or she becomes more responsible and a careful driver. Therefore, insurance companies offer compare car insurance rates policy to married drivers.

Type of the car or any other vehicle plays important role in determining the insurance rate. Insurance companies offer policies in accordance with the type and market price of the vehicle. The insurance policy rates are higher for speed cars in comparison with slow cars. With speed cars, the chances of involving in an accident are higher than slower cars. Due to this high risk of accident, the insurance rate for speed or race cars is high.

Along with marital status of the consumer and type of vehicle, there are many other factors that play an important role in auto insurance rates. Consumer’s age and driving record are also amongst the insurance-rate determining factors. If a driver’s track record shows higher number of traffic-law violations and accidents, the insurance company will offer higher insurance policy rate.