Friday, November 27, 2009

How auto insurance companies calculate the premium for your car?

How auto insurance companies calculate the premium for your car?

Beyond the specifics of your policy, one of the most important factors to determine your auto insurance premium is your individual insurance score, which is based on the information provided in your credit report that means you also need to maintain a good track record of paying insurance premiums of other policies you have taken in your lifetime. An individual’s insurance score comes out excellent with good track record, which is by paying insurance premiums on time, and there are no ECS bounces. If you have low probabilities of loss of insurance, these things enable the company to repay insurance with lower premiums.

Auto Insurance Guide - How does deductibles affect auto owners insurance premium?

Auto Insurance Guide - How does deductibles affect auto owners insurance premium?

Auto insurance premium is the amount auto owners have to pay to their insurance company two times a year or in small installments agreed on paper annually.

The deductible is the amount of money auto owners agree to pay in order to file a claim covered by their policy.