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 drivers…
Continue readingFactors Affecting Rates
There are so many factors affecting car insurance rates. They are explained, discussed and assessed on this site so that our visitors always get the best auto insurance quotes.
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 your premium a lot. That is why it is usually the first question asked when getting quotes. These points highlight the importance of comparing car insurance rates by zip…
Continue readingDo Speeding Tickets Raise Insurance Rates?
Getting caught speeding raises a few questions in your mind immediately. These are how much fine you will pay, how many points will be added to your license and how much your auto insurance will go up. The answer to last concern isn’t straightforward because many factors are considered when pricing a policy. Your first…
Continue readingDoes Being Self Employed Affect Car Insurance?
Being your own boss may sound great. However, it also means that you need to monitor things closely and make appropriate decisions to safeguard your financial wellbeing. You will need to sort out health, premises and vehicle insurance and avoid a catastrophic failure due to an unforeseen but insurable event. Essentially, it may require a…
Continue readingWhat 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 your vehicle insurer to confirm financial responsibility. That is why it is also called financial responsibility filing and known as FR44 in some states….
Continue readingAverage 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, median premium expenditure figures leave out so many variables. For example, the US avg. is $841 but it isn’t even clear what type of a policy a typical driver…
Continue readingAverage Car Insurance Costs per Month
Everybody has own way of dealing with payments. Normally, you should be able to find a payment method that fits your budgeting style. If you like to pay your bills on a monthly bases it helps to know how much is the average car insurance per month in your state? This information would help you…
Continue readingWhen 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. Your rates may gradually come down in many stages and after specific events or changes in circumstances. That is why it is important to…
Continue readingHow Much Does Car Insurance Cost?
A question like this can only be answered in terms of averages because every vehicle is insured differently and used in a diverse location by unique set of drivers. Knowing how much is a median premium can give you clues as to what you should roughly be expecting to pay even though your rates can…
Continue readingDo 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 insurers cannot see anything in your MVR they cannot apply a surcharge for it. Do parking tickets affect…
Continue reading10 Tips to Get Cheap Car Insurance for Bad Driving Record
When you have bad driver history you will discover quickly that you need to work harder to find the most affordable car insurance for bad driving history. The problem is that quite a few insurers are only keen on good drivers. They do accept drivers with poor driving history but they hardly offer them discounts. And…
Continue readingWhy Is My Car Insurance So High?
Ever wonder what makes your premium higher than your friends or family? Why has it risen to a point where you may struggle to afford it? Find out the top 10 reasons that can explain. You may be surprised with the causes and solutions can be much simpler than you think. If you find you…
Continue readingHomeowners Auto Insurance – Why the Big Discounts?
Calculation of insurance premiums require complex algorithms that can be equated to the search algorithm of Google’s search engine. They are enigmatic to the point that every insurer uses their own proprietary algorithm to help ensure their claims or losses do not outweigh their profits. Of course carriers are businesses and need to make a profit. In…
Continue readingCheap High Risk Auto Insurance – Who Needs and Where to Buy
Most drivers may run the risk of falling into the ‘high risk driver’ status at some point in their lives. As this designation refers to a variety of life and personal situations, understanding how you might be labelled a perilous applicant will be important. It will help in understanding how to avoid it, how to…
Continue readingHow 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…
Continue readingHow Do Zip Codes Affect Car Insurance Quotes?
There are a few factors that affect your vehicle insurance costs. Some of them are more influential than others. Insurance is all about pricing risks of having to pay for claims arising from insured perils. As companies don’t employ fortune tellers to see the future they have to look at other indications of risk. The…
Continue readingHow to Find Affordable Car Insurance for High Risk Drivers
Some drivers may really need help with their driving as they cannot help but get into accidents and pick up traffic tickets. However, there are other reasons why someone may be labeled as high risk driver. Being young or beginner, having no recent insurance history or poor credit are some of the things that can…
Continue readingHow to Improve Credit Score and Car Insurance Rates
A good credit score increases your chance to borrow and qualify you for cheap car insurance rates. When you have a bad credit history lenders can refuse your application for a loan or mortgage or charge you much higher rates. In the same way, some auto insurance companies can offer up to 25% discounts to motorists with excellent credit score….
Continue readingWhat Do Car Insurance Companies Look at for Accurate Quotes
Auto insurers can only ensure their success by adequately gathering information and processing it to calculate accurate car insurance quotes. It is in the best interest of both policyholders and insurers that all the facts relevant to insuring a vehicle considered and fair premiums agreed. Detailed information can help good drivers save money while further revelations of negative…
Continue readingHow to Find the Best Auto Insurance Policy for You
Does your automobile insurance policy fit you perfectly? They may all be written on similar type of paper but their content is hugely different. You want coverage to fit your protection requirements nicely and premium not to stretch your budget. Also, you want to be insured by a reliable insurer who will not mess you around when you have a…
Continue readingHow to Find the Best Car Insurance with Bad Credit History
These days insurers place a lot more importance on applicants’ financial standing. If people cannot keep up with payments due to not having regular job or other reasons their credit score will deteriorate. Poor credit may affect vehicle insurance rates a lot or not at all depending on which state you live and who is…
Continue reading10 Personal Choices that Influence Auto Insurance Premiums
When you get a quote you see a dollar figure but many details are considered before arriving to that figure. Some of those are external and you cannot do anything about them. You can affect a few of them to get cheap auto insurance costs in short, medium and long term. Here are some of…
Continue readingAm I a Homeowner if My Spouse Own our Home?
Question: Does your name have to be on the title to be considered as homeowner? What if my spouse alone own the home we live in? Can I still claim homeowner and other related discounts when I am buying a car insurance? Answer: Naturally yes. Most auto insurance companies see married couples as one. For example, they…
Continue readingThe Best Car Insurance for College Students and Graduates
College students or recent graduates don’t usually have long driving history and they are considered high risk due to age and inexperience. So you need to find these insurers that offer the best vehicle insurance for college students since there aren’t many other discounts you can qualify for. Also, It is unlikely that you have a…
Continue readingAre Hybrid Cars more Expensive to Insure?
Hybrid vehicles are a bit different in several ways than the ones with totally petrol operated engines. Naturally motorists who own or are interested in buying one would ask following questions. Are hybrid cars more expensive to insure? Why would you need to pay more for a hybrid since they are not sports cars or…
Continue readingHow Long Does an Accident Stay on my Driving Record?
You may have been enjoying pretty low auto insurance rates until making a car accident claim. Once an at fault collision goes on your record you lose your good driver discount. Now you are probably going to face a vehicle insurance premium increase at renewal. And you would be asking yourself how long does it take for car insurance rates to recover…
Continue readingHow Much Does Insurance Go Up after an Accident?
At fault accidents are the primary tell sign that there is something wrong with your driving. Do insurers take the same view or they may be more forgiving after just one incident? In 2013, total cost of auto accidents in the US was $871 billion which equates to more than 6% of the gross domestic product, according to Insurance…
Continue readingWhy Do Insurance Companies Ask for Social Security Numbers?
Many people get protective when they need to give sensitive information about themselves, especially online. That is why they often ask these questions. Is social security number (SSN) required to buy an auto insurance policy? What is the significance of social security number in car insurance premium calculations? These questions are answered below. A lot of information is…
Continue readingAm I Paying too Much for Car Insurance?
More than half of policyholders pay too much for auto insurance according to Progressive insurance company report. Another report shows that nearly 2/3 of policyholders don’t even know about it since they never get alternative quotes. You know how much is your premium and maybe asking why am I paying too much for car insurance. As…
Continue readingBasics of Car Insurance Premium Calculation
We are made to believe that auto 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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