Insurance Premium Are Affected By Your History

Life Insurance - The rates used in determining your insurance premium are affected by your history of claims and traffic violations for up to three years. Drivers with more accident/ticket records will have higher insurance premiums.Your Age, Sex and Marital Status.


Insurance Premium Are Affected By Your History
Image by Google.com


Statistics show that the frequency of accidents is higher for males than females. Teenagers have more accidents than adults and single people have more accidents than married people. High accident frequencies mean higher premiums.



Your Residential Location

Congested areas such as cities, have heavier traffic and more thefts and vandalism. Consequently, these areas pay higher insurance premiums than rural areas.


Type of Vehicle and Vehicle Use

Some vehicles cost more to repair than others do and therefore cost more to insure. Higher premiums are also the result of vehicle usage, such as business use and vehicle performance, such as turbo or other high performance engines.

One of biggest factors affecting premium is Liability Claim Lawsuits. According to the Insurance Information Institute, claims for bodily injury liability from 1985 - 1988 rose more than 13 percent a year. Fourteen of the 15 states with the highest auto insurance premiums were also among the 15 states with the highest bodily injury paid claim costs.


Other Post : Aspect Insurance Claim Check

The number of suits being filed is increasing. Since 1981, auto lawsuit filings in California have increased by more than 50 percent. Because insurers are obligated to pay defense costs even in minor or frivolous lawsuits, increases in filing lawsuits mean increases in their cost of doing business.

8 Responses to "Insurance Premium Are Affected By Your History"

  1. Both of those reinsurance companies were hit to a great degree hard after the Japanese seismic tremor and Tsunami.Best reinsurance company

    ReplyDelete
  2. · After obligation reimbursement, the spread or entirety guaranteed ought to have surplus assets to create enough month to month salary to cover all the everyday costs of the wards of the approach holder, figuring in expansion https://www.bmmagazine.co.uk/business/a-guide-on-term-life-insurance-indemnity-in-perth-western-australia/

    ReplyDelete
  3. The insurance industry energizes frugality (i.e cash protection) particularly by means of it's life strategies which give assets to family, welfare and maturity arrangements.auto insurance

    ReplyDelete
  4. In this way , whether it was on the grounds that the flame was lit inappropriately or was lit appropriately yet carelessly took care of from that point or whether the flame was caused by virtue of the carelessness of the guaranteed or his workers or outsiders is insignificant and the back up plan is subject to repay the safeguarded. espn employee car insurance discount

    ReplyDelete
  5. I was reading some of your content on this website and I conceive this internet site is really informative ! Keep on putting up. Berufsunfähigkeit Kassel

    ReplyDelete
  6. Nice post! This is a very nice blog that I will definitively come back to more times this year! Thanks for informative post. Rentenversicherung Kassel

    ReplyDelete
  7. Discounts for students. Some insurance providers give discounts for students. As for dependent students who live alone, their parent's home insurance may cover the insurance on their apartment at no additional charge. Visit real estate closing blog

    ReplyDelete
  8. Providing you take the time to look for the right kind of policy for your car, vehicle service contracts then it is possible to save money on car insurance. You should not insure a classic or vintage car under a standard insurance policy.

    ReplyDelete

Iklan Atas Artikel

Iklan Tengah Artikel 1

Iklan Tengah Artikel 2

Iklan Bawah Artikel