Top Factors That Influence Car Insurance Rates
Car insurance is a business based on risk. More exactly, based on the risk that the policyholder will file a claim and ask for the money stipulated in the contract. This is why insurance companies carefully analyze each person and vehicle before issuing any policy. Find out the top influential factors and get free quotes from http://cheapquotesautoinsurance.com.
- Driving history. Insurance companies are interested in two things: years of experience behind the wheel and recent traffic violations. Online questionnaires will ask about the driver's license or permit and its status (valid/active or suspended). Furthermore, clients will be asked when they've got their license (at what age or exact year). Next, the client will be asked to answer if he or she committed any traffic violation in the past 3-5 years or were involved in an accident.
- The quoted vehicle. Insurance companies ask about the car make and model, plus body-type, in order to get statistical data about price, numbers of accidents with that model involved and car theft frequency. The Actual Cash Value is also calculated based on the age of the model.
Car Insurance history. Car insurance companies ask about car coverage history, especially if the client has or had coverage with them, in order to check how reliable the client it may be. They will also ask about the current/past maximum liability coverage.- Marital status. On average, married people get better rates when compared with single people with similar age, background and vehicle. Married people are seen as more responsible.
- Education level. Education plays an important role in getting better rates and persons with at least college degree are also seen as more responsible and able to focus on the driving task ahead.
"Determining car insurance rates is a really complicated process. It involves analyzing a multitude of factors, from demographic factors, personal factors, the car's safety rating, coverage options up to employment status. Luckily, companies now use smart rates calculators that do the math for us", said Russell Rabichev, Marketing Director of Internet Marketing Company.
Cheapquotesautoinsurance.com is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
For more information, please visit http://cheapquotesautoinsurance.com
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SOURCE Cheapquotesautoinsurance.com
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