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| Auto and Truck Information |
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How Your Auto Insurance Rates Are DeterminedA. Chris Tijerina Your auto insurance rates are determined by a number of factors:
There is a lot of information about you that is used to determine your rates. You are grouped or pooled together with similar drives of the same background that way you are not paying for drivers that are much worse than you. Similar risks will pay similar rates. Your usage affects your rates because if you are driving to and from work or school 5 days a week, 15 miles one way you have a higher chance of getting in a accident than someone who only drives 1 mile 1 way 3 days a week or someone who works from home and only drives to get groceries. So business, work, and school usage is higher than pleasure usage. The area you live in affects your rates due to the fact that one area or town may have a higher incidence of claims than another area. One area may have higher lawsuit payouts or higher theft rates than another area. Even if you live in a affulent area your rates may be higher due to the higher value vehicles in your area cost more to fix than in an area with lower value vehicles. Although you may have heard that if you drive a red car you will pay higher rates but this is not true. It is a myth. GEICO, USAA For Military Only, and Allstate, to name a few, dont even ask what color car you drive when you apply for a quote. And your VIN number doesnt give this info either. If you have one car and three drivers you will pay more because that car will get used alot more than if you had only 1 driver and 1 car. If you have had a poor payment history or your policy has cancelled due to non payment you will have higher rates when you try to reapply for insurance. The higher your insurance credit score the better. The insurance credit score is similar to your FICO credit score such that the higher your FICO score the lower your interest rate and the higher your insurance credit score the lower your insurance premium. Your claims history will affect you for a minimum of 3 years. If you have filed a claimed or if you even mentioned a claim to your insurance company it can and most likely will affect your rates.
| | | | RELATED ARTICLES Common Mistakes Motorcycle Buyers Make When Looking For A Motorcycle Loan Whether interest rates are high or low or it’s the end of a model year with lots of incentives, motorcycle buyers tend to make the same mistakes when shopping for a motorcycle loan. Here are four common mistakes motorcycle buyers make with motorcycle loans. Welcome To The World Of "Upside Down" Motorcycle Loans! With the depreciation on motorcycles being so enormous after they are driven off the showroom floor, the potential for a buyer owing more on their motorcycle loan than the bike is worth it quite high.Owing more on your bike than it is worth is often referred to as the world of “up side Down#8221;. Young Drivers Need Winter Practice NC—One of the more nerve-wrecking experiences of parenthood occurs when your teenager first earns his or her license to drive. While many parts of Canada have ensured that new drivers be accompanied with a more experienced driver in the vehicle, its important that parents take some time to share safety tips with their teenagers. Car Ground Effects : Should You Install Yourself To make your car handle and look better you need the right car ground effects. Use aero-dynamic wings, spoilers, dams or skirts to get the down force plus the stylish look you have been looking for. These car ground effects features are not just pretty add-ons, they are designed to really work on your car, truck, jeep or suv ! Generally, they are wind-tunnel tested to generate huge rear down force to dramatically improve traction and keep your vehicle stable at high speeds without draining power from the engine. Sharing The Road Safely With Commercial Vehicles NC — Since the 1970s, the number of vehicles on Canadas roads has increased by 80 per cent. Despite this dramatic increase in traffic, the number of road fatalities has been cut by more than half. The Truth about Colossus: Are You Just A Magnetic Image What is Colossus What Is An Intelligent Transportation System NC—Intelligent Transportation Systems ITS are technologies designed to make transportation safer, more efficient, more reliable and more environmentally friendly, without necessarily having to physically alter existing infrastructure. Medical Bills - Evaluating Your Personal Injury Insurance Claim The value of a personal injury claim has a direct relationship to the amount of your medical bills. Why Because a claim with medical bills of $500.00 is worth three to five times more than a claim with $100.00, or less. And that’s a fact of life in the world of insurance claims. Fraudsters Target Online Car Sales There is a growing car shipping scam on the internet which has been targeting sellers of cars, boats, motorbikes and other single high value items, even horses ! How to Choose a Good Car Tint Shop Most metropolitan areas have an abundance of tint shop choices. In the San Francisco, CA area alone, there are 30 different tint shops within a 25 mile radius. How does a consumer choose the tint shop that does quality work What is the difference between a "Dr. Tint" and a "Quality Window Tinting" ~Car Accident Insurance Claim~ Regarding Impacts And Injuries As of January 2003 it was determined that in the good ole‘ US of A, there were approximately 12.3 million motor vehicle accidents involving over 21 million vehicles last year.This amounts to a little over one crash per second. Let’s take a look at four of the most common of these gazillion impacts and the typical injuries they cause. How To Finance Your Dream Car Have you thought about getting a better car Ever thought of driving your own sports car Want to purchase the latest car model Low Speed Impact "Injury" Facts Low Speed impacts are those that take pace at speeds under 10 MPH. There’s often little if any visible Property Damage done to the rear of ones motor vehicle. However, those who are struck especially in the rear often have injuries, especially neck injuries. The most common of them are identified as “Whiplash”. Cheating Your Engine’s Planned Obsolence That Was Created By Its Manufacturer I’m sure by now you’ve heard the term “Extended Drain Interval” for your vehicle’s oil change.If you’ve ever been to a place like Jiffy Lube or other quick lube shop, you’ve probably seen some big sign outside telling you to come back every 3,000 miles for an oil change – quite the opposite of the “extended drain interval”.Jiffy Lube promotes the short, 3,000 mile oil drain interval.Did you know that according to Marc Graham, the president of Jiffy Lube, if they could convince you to change your oil at 2,900 miles instead of 3,000, Jiffy Lube could earn an extra $20 million dollars per yearAnd if they could get one more oil change per year out of every customer, that would pocket them a whopping $294 million per year Why Become A Truck Driver There are a great number of good reasons for someone to become a truck driver. First and foremost among those reasons would be the great pay. Did you realize that most truckers, their first year out on the road, earn an average of $35,000 a year And, that after just a few years out, those same truckers are making an average of $45,000-$50,000 annually And finally, veteran drivers who own their own trucks make average salaries that are over $100,000 a year. What other profession can you get into, where the pay is that good Motorcycle Values $ - Buying or selling You will need the motorcycle values... And Japanese Motorcycles Only is here to help! Two and Four Stroke Engines: Fast and Simple Answers. A few fast responses and facts about Two and Four Stroke Engines. Making The Dealer An Offer Before you make an offer you need to find a dealer with the car you want. You have three options in doing this.Drive around all day and night searching for a dealer who has the car you want.Spend countless hours online finding local dealers who have websites. And THEN spend more time digging through their websites to find your new car.Fill out a request form online and have a dealer contact you if he or she has the car you are looking for. This option alone can save you hours of your valuable time. Used Car Auctions: Dos and Donts This is Part 1 of a 4 part series on how to buy a car at an auction Gain 5 Horsepower This Weekend, For Practically Nothing What if I told you that you can gain 5 horsepower thisweekend, for less than $100 Or, what if I told you that you could gain 5 horsepower this weekend, for less than $20 |
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