If you are a young male driver who has just got his license to drive an automobile, it may be difficult finding an auto insurance policy that’s suitable for your needs. Despite the multitude of auto insurance policies that are available, many of them vary in quality and price. In fact, you may want to drive as part of your parents’ auto insurance policy if that is a possibility.
The suitability of an auto insurance policy becomes even more difficult if you decide that you want to insure a sporty or expensive automobile like an Infiniti G35 coupe. If this is the case, prepare to pay in the low three figures per month for your auto insurance policy.
Factors For Your Auto Insurance Premium
Determining the exact cost of your coverage for an Infiniti G35 coupe is going to rely on a multitude of factors. These will include items related to the following:
– Driving history
– Type of coverage
– Model of automobile
– Accident history
As a young male driver who has a limited driving history, you can expect to pay more for your monthly premiums. Insurance companies run statistical analysis that lets them know that young male drivers have a history of having more infractions when they are operating a motor vehicle. Unfortunately, this statistic means that insurance companies will charge you more for your auto insurance policy than adults or young female drivers.
Other Factors Affecting Cost
In addition to those two factors, the cost of your auto insurance policy for an Infiniti G35 coupe will be dependent on your location. If you live in an area of the country that has severe weather or is known for a high frequency of property crime, you will pay a higher premium for your insurance policy.
For example, if you live in a location such as California or Florida, you are in an area that has consistently received natural disasters like earthquakes and hurricanes. The flooding caused by a hurricane can total your vehicle if it is caught underwater. Thousands of vehicles have been totaled this way so insurance companies require you to pay more if you live in that type of area.
A Reduction Over Time
Fortunately, the cost of your insurance premiums will gradually go down over time. As you age, the insurance provider that you have chosen will see you as a more mature and experienced driver, which should lead them to lower your rate. Also, your G35 will age and depreciate, which will also factor into the cost of your auto insurance.
Jim Treebold is a North Carolina based writer. He lives by the mantra of “Learn 1 new thing each day”! Jim loves to write, read, pedal around on his electric bike and dream of big things. Drop him a line if you like his writing, he loves hearing from his readers!