PLEASE, I TRIED TO DELETE THIS ARTICLE, BUT I CAN'T FIND THE WAY TO DO IT. I WILL SEND IT AGAIN AS SOON AS POSSIBLE
Although it is impossible to determine the exact formula used any auto insurance carrier to calculate risk --- take, for example, Praetorian Insurance Company has sufficient information for customers to enable them make informed decision, even if not completely - and determine premiums knowing common valuation factors can help you shop smarter for your car insurance.
Driving history is an important factor
If you have had many accidents in the past, insurance companies logically assume that you are likely to have more accidents in the future.
For this reason, auto insurance companies use your driving record to calculate your risk profile. They can look at:
Because your driving history plays such a big role in your rates, you can have a policy identical to that of another customer, but your premium can be different. A customer who presents other than a higher perceived risk will pay higher rates.
Demographics is critical to risk calculations
Car insurance companies consider demographic characteristics similar to Praetorian Insurance modus operandi, as they ensure they calculate the risk associated when insuring you.
Consider the following:
Your credit-based insurance score
Some states allow insurance companies to look at your credit-based insurance scores to determine premiums or deciding whether to sell you a car insurance policy
Low credit scores are correlated with risky driving and bad driving records. This means that if your credit-based insurance score is too low, the possibility of facing a high risk of filing a claim is imminent.
Your credit-based insurance score is similar to your credit score, but it does not include many factors. In the states that permit, the majority of auto insurance companies can look to the following to calculate your score:
Payment history
How to Save On Senior Auto Insurance
Ever been in a situation where you are in a hurry to get somewhere and driving on the freeway with such speed then you suddenly see yourself come behind a car on same fast lane going slow, even slower than those on other lanes? You try as much to get the slow driver to move faster; flashing your vehicle light and all you could to no avail. You finally get to move past the slow driver and while getting by car, you realized the driver is an elderly and you simply drive ahead and wander along. It is a fact that senior citizens drive safely much more than the youths and have better rates.What You Can Do to Get Cheap Insurance for Your Car
With so many auto insurance companies across the nation, finding an affordable insurance for your vehicle can be either easy or difficult. It is easy because those companies are in the middle of a competition which may force them to lower the premium. It is also difficult since the cheapest one is not always the most dependable.Auto insurance used to be a complicated process full of lengthy discussions with captive agent
As technologies improve and communication has become easier than ever, buyers no longer need to wait for several days to get quotes and make the purchase.