Aii car insurance

Auto insurance Premium Comparisons


How Auto Insurance Rates are Determined
Each company adopts its own rating system, although there are general guidelines that all companies follow.

The single greatest influence on the rating process is claim frequency. This does not mean how many times you specifically have made an insurance claim, although that will have an additional effect. Claim frequency measures how often an insured event occurs within a group relative to the number of policies contained in that group. In general, persons sharing characteristics with high claims groups will be charged more for insurance coverage.

Specific Factors that May Affect Your Rate

  • Your driving record - drivers with previous violations and/or accidents are considered to be a higher risk
  • Your geographic territory - urban areas have more claims than rural areas
  • Your gender and age - males have more accidents; certain age groups have more claims
  • Your marital status - married people show lower rates of claims
  • Prior insurance coverage - if you have ever had your insurance cancelled for non-payment of premiums
  • Vehicle use - higher annual mileage results in higher exposure to risk
  • Make and model of your vehicle - luxury and sports cars average a higher number of claims
  • Tips for Lowering Your Auto Insurance Premiums
    Take the highest deductible you can afford. If you choose to buy comprehensive and collision coverage, be aware that collision pays for physical damage to your car as a result of collision with another object, while comprehensive pays for damage from almost all other causes, including fire, vandalism, flood and severe weather. Also, always remember to drive safely, doing your best to maintain a good driving record.

    Additional Tips:

  • Shop around and compare prices.
  • Before buying a vehicle, determine the cost of insuring it.
  • For cars with a market value less than $1, 000, consider carrying only liability coverage.
  • Try to pay your premium well in advance of due date. No grace period applies to automobile insurance.
  • Review your policy periodically and update coverage accordingly.
  • Ask about discounts such as:
  • Multiple cars on a policy
  • Completion of driver education courses
  • Good student drivers under age 25


  • Share this article





    Related Posts


    Auto Insurance companies
    Auto Insurance companies

    Latest Posts
    Multi car policy quote
    Multi car policy…
    Your quote is issued subject to status…
    Liberty Mutual Holding Company Inc
    Liberty Mutual…
    Liberty Mutual Holding defends our freedom…
    Compare auto insurance rates without personal information
    Compare auto…
    Not so fast! If you don’t know what you…
    Online car insurance comparison
    Online car insurance…
    It is always a great idea to compare…
    What is a quote for car Insurance?
    What is a quote…
    How long does it take to get a car insurance…
    Search
    Featured posts
    • Auto insurance Laws by state
    • Local auto Insurance companies
    • Auto Insurance companies
    • Cheapest car insurance premiums
    • Cheap Auto insurance USA
    • Auto insurance
    • Texas auto insurance rates
    • Compare auto insurance rates Texas
    • Auto Insurance Orange County
    Copyright © 2019 l autoinsurancelin.org. All rights reserved.