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 drivers…

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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 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…

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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 auto insurance 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…

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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, median 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 price….

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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. When does automobile insurance go down 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…

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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 an average premium can give you clues as to what you should roughly be expecting to pay even though your rates can…

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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 insurers cannot see anything in your MVR they cannot apply a surcharge for it. Do parking tickets affect…

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Why Is My Car Insurance So High?

Ever wonder why your premium is 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 answer your question; why is my auto insurance so high? You may be surprised with the reasons for high rates and solutions can be…

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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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Am 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…

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Basics 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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