Published on February 19, 2014
Why is it so stinkin’ expensive?
AGE If you are a young driver, you will be paying more on your car insurance while Granny May whips her car around town plowing through red lights oblivious to everything and anyone. It may not be fair to charge so much for young drivers, however, insurance companies recognize they are higher than other high risk age groups such as the elderly. Age can be a big factor of high insurance premiums even if it’s something we are helpless to change.
Gender If you are a man you will probably pay more on your car insurance than a woman. This is because men are more at risk of an accident than women. However this may be statistically true it is certainly unfair to make people pay more for something they can’t help.
Type of Car You’re probably thinking “oh well that’s obvious,” but hear me out. The speed and performance of a car are not the only thing that make a car more expensive to insure. Small cars tend to be associated with more serious injury and collision claims than larger vehicles. More compact cars also tend to be less safe than large, heavy-duty vehicles because they are less able to absorb the energy of a crash, raising their associated risk.
Named Driver A quick solution to decrease your insurance premium if you are young or high risk is to add some low risk name drivers on the policy. Even if those people will never drive your car the insurance company doesn’t have to know. It is important to note however that some companies do not charge less for your named drivers so asking questions when comparing rates is a good idea.
Driving Penalties All that racing around town blowing through red lights will cost you more in the end. Your auto insurance rates are influenced by many factors, but it's your driving record that carries the most influence.
Job Occupations with the lowest auto insurance premiums include: • Scientists • Pilots • Actors • Artists These jobs may not seem to have much in common at first glance, but they all require a meticulous nature and a careful attention to detail. These factors translate well into safe driving habits. On the other side of the spectrum, the following occupations have higher than average auto insurance rates: • Doctors • Attorneys • Lawyers • Judges • Real estate brokers • Social workers • Architects • Executives • Business owners These jobs are all high stress and involve working very long hours. Did you know that the rate of auto accidents for doctors is only slightly lower than that of teen drivers? This is a difference that is generally thought to be attributed to the sleep deprivation that comes with a career in the medical profession. Source: ww.dmv.org/insurance
Car Modifications Modifications that alter the look and performance of your car are assessed by insurers to be a higher accident risk or theft risk. These include engine changes, sports seats, body-kits, spoilers, etc. Putting in a K&N air filter for example which makes your car more fuel economical, work better and saves money on having to buy new filters can increase your premium. However, statistically, drivers of cars with performance additions are at a greater risk to cause or be in accidents or a target of theft.
psiquotes.com facebook.com twitter.com pinterest.com youtube.com yelp.com plus.google.com
Il 24 Ottobre 2014 si è svolta la Capitale Automobile CARS - #Cap2014Auto , il sum...
Manual diagramas eléctricos del OPEL CORSA 2002 en español. Cortesía de la pagin...
Colorado Springs, CO. Unbeatable Specials during the Phil Long’s l-25 Statewide Ve...
Colorado Springs, CO - Get ready for Hyundai MONSTER DEALS in Colorado Springs fro...
If you're moving to a new state, your auto insurance rates may change. Learn more about the factors that can impact how much you pay for your policy.
Learn why auto insurance rates vary with each company. The way car insurance companies view rate drivers and the factors used to calculate premiums.
Thinking about changing car insurance companies? Your premium might change dramatically - learn why, and make the best choice for your coverage.
Auto insurance rates do vary from one insurance company to another since each use their own rating system to determine premiums. Your car insurance ...
auto insurance rates: Do not have moving accidents. No tickets, few claims, pay bills on time! Have a clean driving record. Some insurance providers even...
A new report from InsuranceQuotes shows that North Carolina, Wisconsin, and Maine have at least one thing in common: drivers there pay the least for auto ...
Car Auto Insurance ... You might find yourself asking this question if you've just moved from one state to another or if you know someone in another state ...
Why Insurance Rates Vary. ... and it shouldn’t be hard to figure out why. ... Why Insurance Rates Vary; Auto and Home Loan Calculators ;
Why auto insurance rates vary so much. 1 year 6 months ago, Yahoo Canada Original Videos. The difference in the amount drivers pay across the country can ...
Why Did My Car Insurance Rates Change? Auto Smarts. ... (due to inflation and other factors), Auto insurance rates are adjusted to reflect those costs. 3.