Insurance FAQ
 

Automobile Insurance Rates: How Much Does The Premium Usually Go Up After A Comprehensive Accident?

Question by punktileus d | Posted in Insurance & Registration

My girlfriend hit an unmarked small curb on a private driveway and it appears the metal plate under the 2003 Murano is tacoed/ripped from the frame. In addition the oil is leaking (1 1/2 Tablespoons over night) and the once quiet cabin sounds like a bass woofer is on (in all gears).

thanks,

Answer: It usually depends on how much the insurance company has to pay out. There is no set amount. Some insurance companies offer First Accident Forgiveness. Some will waive any surcharge/rate increases, if the damage is under $1000. She should run this question by her agent.

Also, since she struck a stationary object, the curb, her loss would fall under her collision coverage, not her comprehensive.
 
 

Who Has The Lowest Rates For Automobile Insurance?

Question by rockstarhooligan | Posted in Insurance & Registration


Answer: There are to many factors to consider before just saying a name.
Where you live?
how old you are?
if you married?
how many cars you own?
And way more other things.

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How Do Automobile Insurance Companies Get Their Ratings?

Question by nap4gbp | Posted in Insurance & Registration

looking for new auto insurance and some are much less than others but I was told by some that the low quotes are from low rated companies, so how do they define high rated from low rated?

Answer: There are several companies that rate the insurance companies. We go with A. M. Best's ratings. The look various items that say how well the company is doing and how likely they are going to have the money to pay claims. A lower rated company does not have as much money, so in the event of a lot of losses they may not have the money to pay all the claims. Example of a major loss is Katrina. Some insurance companies went out of business due to all the money they had to pay.

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Automobile Insurance Companies?

Question by shoresg81 | Posted in Insurance & Registration

Comparison of well known insurance companies
to
Somewhat know insurance companies.

when it comes to rates, service & reliablity, and response to automobile accidents, collision damage. Who will raise your rates first.
Who has incentives to lower your premiums when you have a clean driving record and are a safe driver.

Answer: You may want to try a website that compares multiple companies at once to get you the best price. I am paying less than ½ after I did.

Go to: http://www.insureme.com/landing.aspx?Ref by=616165&Type=auto

Take care,
Casey

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Car Insurance Rates & Credit Score?

Question by Chris | Posted in Insurance

I remember a time when automobile insurance was linked to your driving record. Got tickets, claims ect your rate went up. Kept you nose clean and rates went down. Now its all linked to your credit score which I think is extremely crooked. I have a perfect driving record and for a car that is 15 years old I pay $60 a month just for liability. I would like more coverage and I plan on buying a new car this summer and that just gonna cause my rates to go even higher ( I am insured through AM-FAM I know

Answer: Actually, your rates are tied to about 80 different factors, the way you pay your bills and exactly how many bills you have compared to what your income is, are only two of those factors.

Insurance companies look at predictors of likelihood of future claims. It just so happens that statistics prove when people are financially in over their heads, they turn to making claims. Don't get deep in debt, pay your bills on time and the insurance companies believe you won't be making claims.

Sorry, that's just facts.

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www.MoreInform.com -- About auto insurance ratings The leading source for auto insurance ratings. Learn about auto insurance ratings and other top ...

Auto Insurance Black Box Technology Meets Your Darkest Fears ...

by maman2132

For example, people who take smallest confines of liability are actually a superior danger than those who take at slightest 50/100 ($50,000 per someone, $100,000 per accident). By number-crunching these minutes they can tell what kind of someone is more probable to be a good hustler and what kind of someone is more probable to be an accident danger. Now, in the processor age, auto insurance companies have large dataviles of accident and claims minutes. The insurance agent actually talked to the man he knew in the chief workforce, called in a few nepotism, and got their best clients the best charge. Back in the time before processors, auto insurance was delicate and subjective. This Black Box technology gives them insights into the background and manners of the people who they think should pay more for their auto insurance....

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