Insurances.net
insurances.net » Auto Insurance » Understanding Why Auto Insurance Premiums Are Very Costly
Auto Insurance Life Insurance Family Insurance Health Insurance Travel Insurance Mortgage Insurance Buying Insurance Accident Insurance Housing Insurance Personal Insurance Medical Insurance Property Insurance Mobile Insurance Internet Insurance Pregnant Insurance Dental Insurance Children Insurance Baby Insurance Employee Insurance Liability Insurance Pet Insurance Boat Insurance Cancer Insurance Insurance Quotes Others

Understanding Why Auto Insurance Premiums Are Very Costly

Understanding Why Auto Insurance Premiums Are Very Costly

These days, we're all complaining about the high cost of living

. It appears as if anyone who owns and operates an automobile is hit by a good dose of bills that require struggling with: the cost of purchasing the car, fuel costs, maintenance and repair costs - and the super BIG ONE - auto insurance premiums.

If you haven't yet verbalized it, no doubt the glaring question is underscored in your mind: Why does car (read car, truck, motorcycle, RV and so on) insurance have to be so very, very expensive?!

The answer to anything related to insurance comes from the industry itself and this is no exception.

"Insurance rates differ from person to person and are based on a few factors," says a noted specialist working in the Tri-State area and employed by an independent agency. "It all boils down to how much of a risk you as a driver may be."

Eight Factors that May Affect Your Auto Insurance Bill

Some of the things that determine how much you pay for auto insurance are listed below.

What Type of Vehicle you Drive

There is a clear difference between makes and models of cars in regard to safety. Moreover, higher-end cars attached to a bigger price tag are more attractive to car thieves and are more expensive to replace; they are also more expensive to fix after an accident.

Your Address

If you live in a place that has a higher crime rate, your premium will reflect the risk of theft. If you locality has proportionately more auto accidents and submitted claims, it will have an effect on your premium as well.

How You Use Your Car

If you use your car for the commute to and from the workplace or use it for business purposes, you'll find that you will have a higher premium than those that drive just to go to the grocer or for leisure trips.

If You Are a Good Driver

If you never have gotten a driving ticket or never been an accident, you will have a lower insurance rate than those who have a less pristine driving record.

Your Claims Record

If you have previously filed insurance claims, especially if they have resulted in big payouts, your insurance premium will reflect that. But you may also find a rate increase if you have only filed claims in regard to accidents where you are not at fault.

How Old You Are

Young drivers, especially boys in the teen years, are grouped together as riskier drivers because the statistics say they display poor driving habits and are involved in and cause many more serious accidents than older drivers. To a lesser degree, those sixty-five and older may find their insurance rates up due to age matters that contribute to poorer reflexes, eyesight issues and more.

Marriage Status

Studies show that husbands and wives are not involved in as many collisions as those who are not married.

How Your Credit Rates

Though this may not seem fair to some, insurance companies may class you as a driving risk due to your poor credit score.

Speaking to a knowledgeable specialist employed by an independent insurance agency will help you navigate through the web of insurance policies so that you are presented with the most tailored one at the most competitive price.

PRIME Insurance Agency: we're a highly-regarded three-generation family-run independent agency. We're proud to be associated with over 40 of the top companies, like ACE, AmTrust, ASI, ASSURANT, CHUBB, CNA, Employers, FOREMOST, Liberty Mutual, MetLife, PROGRESSIVE, Safeco, StillWater, Travelers, USLI, ZURICH and more. This empowers us to present all forms of nationwide coverage at competitively lowest quotes. Visit us at https://www.primeins.com/ or email us at PRIME@primeins.com or call us at 732-886-5751 and HAVE A PRIME DAY!
# 2 Speaking to a knowledgeable specialist employed by an independent insurance agency will help you navigate through the web of insurance policies so that you are presented with the most tailored one at the most competitive price. Replied by: victor ,   2019-8-25 07:54  reply
# 3 This is a good idea.



QUOTE:
Original content written by victor on 2019-8-25 07:54
Speaking to a knowledgeable specialist employed by an independent insurance agency will help you navigate through the web of insurance policies so that you are presented with the most tailored one at ...

  2019-11-26 02:18  reply
Hongkong Visas and Immigration Best Visa Consultancy in Delhi for Canada Hong Kong QMAS Visa Consultants in Delhi Your First Car Insurance Policy: All Your Questions Answered! Top Overseas consultant for UAE in India Top 5 Overseas Job Consultants in India Tips On How To Store For College Student Car Auto Insurance Coverage Tips To Select A Suitable International Auto Shipping Company Tips To Get Most Affordable Auto Insurance Real Money-saving Auto Insurance Tips For Real Drivers XEvil 4.0: revolution in automatic CAPTCHA solution When Should You Buy A Car? Knowing The Bmw Automobile Dealer Locations
Write post print
www.insurances.net guest:  register | login | search IP(3.94.129.211) / Processed in 0.016204 second(s), 6 queries , Gzip enabled debug code: 46 , 3869, 952,