Average Car Insurance Rates by Age

It is easy to find the average cost of auto insurance in your state and it is a good figure to compare your quotes to. However, average premium expenditure figures leave out so many variables. For example, the US average is $841 but it isn’t even clear what type of a policy a typical driver can buy for that…

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When Does Car Insurance Go Down?

Policyholders love to see premiums drop at renewals and this post explains what makes auto insurance go down. When does car insurance go down is a fairly general question and we will try to break it down below. Your rates may gradually go down in many stages and after specific events or changes in circumstances. That is why it…

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How Much Does Car Insurance Cost?

A question like how much does car insurance cost can only be answered in terms of averages because every vehicle is insured differently and driven in a diverse location by unique set of drivers. Knowing how much is average car insurance premium can give you clues as to what you should roughly be expecting to pay even though your rates…

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Do Parking Tickets Affect Insurance?

You may have to pay fines, penalties and appear in court depending on severity of traffic violation. For a traffic ticket to affect your auto insurance it has to go onto your Motor Vehicle Records (MVR). If auto insurance companies cannot see anything about a particular ticket in your MVR they cannot apply a surcharge…

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How Much Does a Claim Affect Car Insurance?

The short answer is, quite a lot. The total cost of auto accidents in the United States for 2013, the most recent statistics available, was $871 billion. This amount includes the medical, lost productivity, legal, emergency services, insurance administration, workplace, present and future quality of life valuations and property damages. It equates to more than…

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Basics of Car Insurance Premium Calculation

We are made to believe that car insurance premium calculation is something very complex and hard to understand. It is something that is done buy super computers with sophisticated programming. We are forgetting something that only few years ago they were done by hand. In any case, there is a basic logic behind these complicated programs…

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