How Does Auto Insurance Tier System Work?

Lately, personal lines insurers have been adding various new rating variables to price each applicant more precisely. Additional data allows them group drivers and differentiate rates for each group. These car insurance tier rating systems help to ensure that good drivers don’t subsidize bad ones. This fairly new underwriting structure distinguishes careful and considerate motorists…

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Auto Insurance Rates by Zip Code

The difference in quotes between two identical looking vehicle insurers can be as clear as day and night. Also, where you live can increase or decrease premium a lot. That is why it is usually the first question asked on a proposal form. These points highlight the importance of comparing car insurance rates by zip…

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What Is SR22 Insurance?

Although it is widely referred to as SR22 insurance it is actually a filing to confirm existence of liability coverage. It is a certificate, which is usually provided to DMV by a vehicle insurer to confirm financial responsibility. It is also known as FR44 in some states. If you haven’t caused any accident or taken…

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When Does Car Insurance Go Down?

Policyholders love to see premiums drop at renewals and this post explains what makes them fall. It is a fairly general question and we will try to break it down below. Rates may gradually come down in many stages and after specific events or changes in circumstances. That is why it is important to rephrase…

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How Much Does a Claim Affect Car Insurance?

The short answer is, quite a lot. The real cost of an accident is much more than just the immediate auto insurance premium increase after claim. The total expenditure for auto accidents in the United States for 2013, was $871 billion. This amount includes the medical, lost productivity, legal, emergency services, administration, workplace, present and…

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Are Hybrid Cars more Expensive to Insure?

Companies consider model, safety, price and popularity while calculating quotes. And some offer eco friendly hybrid auto insurance discount. They are a bit different in several ways than the ones with totally petrol-operated engines. People hear that premiums may be costlier for these vehicles and it may puzzle a few interested in them because they…

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