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Multiple Factors Go Into Pricing Auto Insurance

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By Allan Smith

Auto liability coverage is required in most states. As with most things, the cost of insurance varies drastically depending on the state in which it is purchased. But it also changes depending on the car in question, and the driver’s characteristics and driving habits. Even though pricing isn’t always straightforward, there are many ways consumers can cut down on costs by modifying their purchasing and driving habits.

CoverHound, an online insurance agency that lets customers find, compare and purchase property and casualty insurance, recently released some data concerning the lowest annual insurance rates for the 10 most purchased cars in the U.S. According to cars.com, the top ten cars sold in the United States in November 2015 were…

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