Does car insurance go up when you turn 21?
I'm about to turn 21 and I was wondering, generally, if car insurance increases when you turn 21. My dad didn't actually know, but he thinks that you become a bigger risk when you're of legal drinking age. I think similarly to a degree, however, I just don't know :)
Will a comprehensive claim raise my car insurance rates?
Submitting a comprehensive claim generally does not increase your insurance rates. At least not directly.However, in today’s competitive insurance environment, many auto insurance companies are using pricing schemes that reward clients for not submitting claims of any description.With some company’s, comprehensive claims can affect “claims free” discounts in small increments. These discounts are called by different names and as long as claims are infrequent, the effect on rates for “Comp” claims will likely be small.The best strategy to avoid the loss of these discounts is not to submit small claims of any kind. Take the discount of increasing your deductibles to the highest amount that can reasonably be afforded. That approach will encourage you to handle small claims yourself and reap the benefits of lower insurance costs in the long run.Just as a point of information, Comprehensive extends coverage for losses such as:VandalismAccident with AnimalsFalling ObjectsFireFloodHailTornado etcRegardless of the type of comprehensive or collision claim , the best strategy is to save money by taking higher deductibles and self-insuring for smaller losses.
I just sold a car. When I go to remove it from our car insurance policy, our total rates will go up. Does anyone know why this might be?
I see this happen all the time (I’m not with Geico, but another large insurer). Here is what is happening:You have two cars on the policy, one newer, probably with Collision and Comprehensive coverage. You have an older vehicle on the policy, probably with minimal coverage, like just liability or liability and uninsured motorists coverage.You don’t say this, but I suspect you also have at least two drivers in the house. One, possibly you, that is “not risky” and another that is “riskier,” like a teenager, or somebody with a spotty driving record.When you had both vehicles on the policy, you (the least risky person) were being paired with the newer car, and the riskier driver was being paired with the older car. If that risky driver had an accident in the older car, then your liability coverage would pay for the other innocent person’s vehicle, but your policy would not have to pay for repairs on your car, since it doesn’t have “collision” coverage. So the “risk” of that riskier driver to the insurance company is paying for damages to one vehicle, not two.Now, when you remove that older vehicle, they now have to figure the risky guy is driving the newer vehicle… thus making it more likely they will have to fix the innocent person’s car, and your car when the risky person hits somebody.At my company, when there is one car and two drivers, the riskiest driver is automatically considered the person who drives the most. It also doesn’t really matter if the risky person “really” drove the old car or not.. when you bought the policy, that is how the sales person paired the vehicle and drivers so that you would get the best rate. Anybody can drive any vehicle on the policy, so us salespeople try to do the best combination of driver/car pairing in order to get the most favorable rate on the policy.It is also possible you lost a multi-car discount, but that is less likely.So to sum this up, you have a risky driver in your household, who is now driving a new car with more coverage than before, thus making the chances of large payouts higher than when they were driving the old car. Insurance companies charge more for that. Also keep in mind that it doesn’t matter what is actually happening in your individual household. Insurance carriers access risk in groups… so you might never let your teenage son drive your new car, but for every person following the rules there are 10 that don’t. Hope this helps.
Roughly how much will my insurance premium increase if I totaled my car?
Try this site where you can compare quotes from different companies//COVERAGEFINDER.NET//RELATEDWill my rates go up for a hit and run?I understand why I have to pay my deductible, I'm an attorney, I'm a smart human being. I was just complaining about how unfair it is that that's the way the system works and that innocent people are forced to shell out hundreds of dollars for something that wasn't their fault and there was no way they could have done anything about it. I know why I have to pay it; that doesn't mean I can't ***** about it.Whats the fastest car a 20 year old can get insured on without paying huge insurance?cheers for people who answer properly,for those who think cause im asking the question im a hazard,u know where to go.iv been driving 3yrs with 3ncb's,not all young drivers are a hazard!fast cars cost fortune on petrol,i just want sumtin nippy for a while.the statistics show that 30% of crashes in uk are caused by speeding,not really that bad considering price of insurance on fast cars,driving test should be more thourow
Battling car insurance! Please help!?
Okay so two days ago I was driving home from work and I work in the mountains where it’s dark not much lights. The highway is 60mph and it’s only two lanes and then the right side is a drop off on the mountains. I was driving 55 and ahead of me there was this object that appeared to look like a pile of snow. I slowed a little bit down but when I got near it it was something else I had to hit it. If I swerve to the left I would of hit multiple cars and if I went right I would of hit the rail and off the mountains. Anyways it turned out to be a rolled up carpet. It damaged the front bumper and got really tangled underneath. I pulled off to the side and got someone to help me untangle it and then a cop helped me and she filed a police report. So basically the person who dropped the carpet called to report it that it fell off their car. I contacted the officer to get their phone number and info so I can file against their insurance to pay for the damage because my insurance won’t since I only have liability. If I do get their info, how do I go about filing against their insurance? Do I give the information to my car insurance people or do I need to hire those car attorneys people? Also my car insurance found me not at fault. What do I need to do?
Can I sell my car and remove my insurance after a big accident just to avoid the rise in the premiums? I can use Uber for my travel.
Yes, you can do that, but there are things you need to consider.I’ve tried just switching insurance companies after a claim or a speeding ticket, and they’ll flat out turn you down. It does not matter who was at fault or what the size of the claim was.Other insurances wanted me to take their high-risk insurance and pay premiums much higher than I was already paying.Bottom line was I had to wait five years before changing companies.If you sell your car and drop your insurance and something happens in the next few years that you’ll need a car, you might have a hard time getting insurance at an affordable price.
I have geico car insurance will they lower my rates if i get front and rear dash cams?
NO they won't. Dash cams, front or rear, do absolutely nothing to protect you and your vehicle from damage. The only thing a dash cam can do is provide evidence of how the accident happened, and Geico (or any other insurance company) doesn't really care about that. No really, they don't. I know what you're thinking. You're thinking that if you get into an accident and the other guy says it happened differently than you say it happened (which happens a lot), your dash cam footage will prove that you're right. Right? Of course I'm right, because why else would anyone even ask this question. But no. That accident you might get into, the one where the other driver says it's your fault and you say it's his fault, that doesn't matter to them. Even if you can save them a few thousand bucks, it still doesn't matter. To you and I, a few grand is a whole lot of money. To an insurance company, especially one the size of Geico, it's less than a rounding error. Right now, they're dealing with dozens of claims that are going to cost them millions. Just today, they made several billions in the investment market. Tomorrow they'll probably lose a few billion more, but they'll make it back the next day. That's how it works for companies like Geico.
If you get a learners permit will your parents insurance go up?
Yes..adding an additional driver to an insurance policy will increase the premium payment on that policy. Remember, the car isn't insured...its the driver who is insured. So yes, if your mom adds you to her policy, she will need to pay more for the additional person who is covered. It has nothing to do with getting a permit, but new, younger drivers are considered a higher risk than older adults. Chances are, your mom will pay more to cover you than she does to cover herself. Time to get a job!!!!
What can I do to lower my car insurance?
Discounts - There are several categories of customers who are deemed to pose lesser risk to the premium revenue of insurance companies. Find out whether you are one among that category and if yes, ask for the discount (mostly 1 to 2% of premium). E.g, IT employees have a small favourable discount. Non-drinking\non-smoking owners too are eligible.Online payments - Online renewals help you to get some additional discounts.No claim bonus - not claiming insurance in the previous insurance fiscal can help you get a handsome discount on current year premium. This is to incentivise non claims of insurance.Security systems - Having an anti-theft alarm \ engine immobilizer etc. reduce risk of theft and thus helps you lower the insurance premium.If the car is already more than a yr old, then reduce IDV - Insured Declared Value is that value against which the premium of the insurance is calculated. In case of a theft or total loss, this is the max value which the insurance company will refund you. If you are driving only between home and office, with both places having secured parking facility, you can reduce the IDV during the next insurance renewal, thus reducing the premium.Pay using credit cards - This is not to reduce the premium, but delay it by another ~40 days. You shall consider that you’ve a working capital merit of, say 0.04% interest (assuming 4% annual interest on savings account x 40 days). ;)Hope this helps!