by Guest » Tue Mar 09, 2010 08:44 am
All the websites have got some tips regarding 'steps to lower your auto insurance premiums'. I guess, before we study such steps it's important for us to know the factors that affect our premiums in a greater detail.
Posted: Wed Mar 10, 2010 12:51 pm Post Subject:
The first thing that comes to my mind is your driving history. It would give your carrier a fair measure of the risks associated with you as a driver.
Posted: Thu Mar 11, 2010 11:19 am Post Subject:
Actually, the carriers would go through the last 3-5 years of your driving record. They'll count on your on-road violations, accidents wherein you're at fault and the claims resulting out of such mishaps. Your premiums might vary a lot depending on these factors.
Posted: Thu Mar 11, 2010 12:59 pm Post Subject:
I still cannot fully understand the significance of pure credit score but these sophisticated scoring models seem to be very predictable when using credit scores. Even drivers with average driveing history can get very low rates when their credit profile is excellent.
Posted: Fri Mar 12, 2010 09:18 am Post Subject:
Even drivers with average driveing history can get very low rates when their credit profile is excellent.
I guess the excellence of credit profile lies in regularity of payments. If you're paying your loans and credit cards in time, then that signifies your financial stability. Insurers too would like to get their premiums paid in time. They'd make it easier for you by offering lower rates. :)
Posted: Sat Mar 13, 2010 05:53 am Post Subject:
Remember, while you're applying for a new insurance policy, your new agent will go through your insurance history. In case he comes across any disturbing claim or a certain period wherein you were not being able to pay for your premiums, then you'd need to pay more with your new coverage.
Posted: Sat Mar 13, 2010 02:05 pm Post Subject: insurance
MOVIEGOER..it does make sense about the "timely payment" thing. That WOULD show an Insurance Co that you DO pay your bills on time. However....DO the Insurance Co's do a credit check on you (not trying to be iggnorant, I just don't know)? However.....the 'tips' of getting a good Insurance rate should have to do with (somewhat?) common sense. DUI's, driving without Insurance, etc.
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