The 3 most commonly encountered causes of car insurance increase
The 3 most commonly encountered causes of car insurance increase
Have you ever wondered what can make your auto insurance to go up? Occasionally all of us do foolish things which could make our lives difficult and cost us an arm and a leg. With regards to auto insurance, 1 mistake can ruin a spotless driving record and put us in the high risk driver category.
1. Causing a car accident
Well, not really a huge surprise. Generally, should you cause an accident you will have to pay surcharges. For the 1st accident the sum could be anything between 10%-35% of the value of your policy. On the other hand,if you are at fault in a 2nd accident, the surcharges may possibly go up to 150%. It is generally a good idea to understand what the surcharge schedule of your insurance company is in advance. Having one more driver on your insurance policy, that has a poor driving record, may possibly increase your monthly premiums significantly.
2. Getting convicted for a driving offence
As already point out, your driving record is extremely important. Beginning with speeding tickets, all the way up to Dui - the effect on your auto insurance can only be negative. What most people don't know is that its a punishable offence to operate a vehicle uninsured. In most states, if you are caught driving without insurance or Driving under the influence, you will be forced to show a prove of financial responsibility for a certain period of time, typically two or three years. Its known as SR22 Insurance. What this means is that your or your insurance company will need to submit a SR22 Form to the local authorities, or else your license won't be reinstated.
3. Acquire a vehicle with a bad claim record.
It's obvious, the type of vehicle you drive plays a huge role when auto insurance rates are calculated. Perhaps the most common mistake is to believe that claim record is only associated with an individual. The fact remains that today, insurance companies have a claim record for every model and make. Its normal to considering that fast cars have worse claim record than SUVs for example. With that in mind, you should be aware that Hummers, Audi A4 and Mercedes AMG are at the top of the "bad cars" list. As a rule, before choosing new or used vehicle, always check what the insurance premiums will be first. Sometimes the quotes you get may be astonishing. Getting Car Insurance Is The Wisest Thing California Car Insurance-Get The Best Rates An Introduction To Auto Seat Covers Throwing Light Into The Complex Issue Of Brain Injury Litigation Self Help Tips To Mend Your Automotives Why do I need a CRM solution for my automotive business? Auto Loan Made Easy For The People With Poor Credit ! Find out five good reasons why you need to compare car insurance quotes on the net What you should take into account when comparing auto insurance rates Important Information About Auto Insurance In Palm Beach Florida Determining Premises Liability For Injury Things To Know About Car Insurance In West Palm Beach Driver's Insurance Company Makes Low Offer To Injured Victim