Factors That Determine Your Insurance Premiums

Factors that Determine your INSURANCE PREMIUMS COVERAGE LEVELS OF AUTO INSURANCE INSURED PARTY THIRD PARTY FIRE AND THEFT (medical payments) Cost to RENT if car is damaged Cost to TOW to a repair facility INSURED VEHICLE (physical damage) NO FAULT AUTO INSURANCE THIRD PARTIES (car and people, property damage and physical injury) (coverage for injuries in an insured vehicle without regard to fault in the auto accident) WHY INSURANCE COST VARIES AGE LOCATION Insurance rates INCREASE for SENIOR DRIVERS after 65 More TRAFFIC Higher chances of an ACCIDENT INCREASED RANDOM ACCIDENTS while the caris parked TEENAGERS without driving experience have HIGHER car insurance premiums years old, INSURANCE QUOTES Za become LOWER Higher POPULATION & CRIME Higher chance of VANDALISM and STOLEN VEHICLES CREDIT RATING PERSEVERANCE 40%* MORE CLAIMS for drivers at the BOTTOM of the credit pile 10% for being a LOYAL CUSTOMER SAVE BAD CREDITIS 20-50% HIGHER pay in auto insurance premiums INSURANCE DISCOUNTS MILITARY SUPPORT HISTORY OF LOSS Savings from premium cost for the use of 5-30% PUPILS & MILITARY ANTI-THEFT PROTECTION DEVICES Provided with a fair level of REDUCTION for their car insurance %$4 Pay more for insurance if you LIVE IN A STATE with a HIGH RATE OF AUTO THEFT AUTOMOBILE TYPE OCCUPATION BUSINESS EXECUTIVES & LAWYERS pay the HIGHEST premiums VS SCIENTISTS, PILOTS AND ARTISTS Pay the LOWEST rates SEX-SPECIFIC DRIVING PLAN DISCOUNTS HIGHEST RISK 25% SAVINGS VS for Multi-car discounts 16 to 25 years old HOW TO BUY A LIABILITY CAR INSURANCE Compare INSURANCE RATES Learn state's liability COVERAGE LIMITS Inquire about DISCOUNTS Decide on DEDUCTIBLE AMOUNTS REFERENCES: http://autoinsurancehq.org/ http://www.dmv.org/insurance/ http://en.wikipedia.org/wiki/Vehicle_insurance http://www.bankrate.com/brm/news/insurance/credit-scores1.asp http://www.guardian.co.uk/money/2012/dec/21/women-car-insurance-eu http://finance.yahoo.com/news/estimate-car-insurance-purchasing-car-080034622.html http://www.helium.com/items/1978995-how-your-location-can-affect-your-car-insurance-rates www.autoinsurancehq.org