Difference between revisions of "Directory:Car Insurance Quotes"
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</adsense> | </adsense> | ||
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| + | ==How Your Rates are Determined== | ||
| + | The current system of insurance creates groupings of vehicles and drivers (actuarial classes) based on the following types of classifications. | ||
| + | |||
| + | * Vehicle: Age; manufacturer, model; and value. | ||
| + | * Driver: Age; sex; marital status; driving record (based on government reports), violations (citations); at fault accidents; and place of residence. | ||
| + | * Coverage: Types of losses covered, liability, uninsured or underinsured motorist, comprehensive, and collision; liability limits; and deductibles. | ||
| + | |||
| + | The classifications, such as age, are further broken into actuarial classes, such as 21 to 24 year olds, to develop a unique vehicle insurance cost based on the specific combination of attributes for a particular risk. For example, the following information would produce a unique vehicle insurance cost: | ||
| + | |||
| + | * Vehicle: Age - 7 years old; manufacturer, model - Ford, Explorer XLT; value $ 18,000 | ||
| + | * Driver: Age - 38 years old; gender - male; marital status - single; driving record (based on government reports) violations - 1 point (speeding); at fault accidents - 3 points (one at fault accident); place of residence 33619 (zip code) | ||
| + | * Coverage: Types of losses covered; liability - yes; uninsured or underinsured - no; motorist comprehensive - yes; collision - yes; liability limits - $100,000/$300,000/$50,000; deductibles - $500/$500. | ||
| + | |||
| + | A change to any of this information might result in a different premium being charged if the change resulted in a different actuarial class or risk level for that variable. For instance, a change in the drivers' age from 38 to 39 may not result in a different actuarial class because 38 and 39 year old people may be in the same actuarial class. However, a change in driver age from 38 to 45 may result in a different premium because the records of the insurer indicate a difference in risk associated with those ages and, therefore, the age difference results in a change in actuarial class or assigned risk level. | ||
| + | |||
| + | Current insurance rating systems also provide discounts and surcharges for some types of use of the vehicle, equipment on the vehicle and type of driver. Common surcharges and discounts include: | ||
| + | |||
| + | * Surcharges: Business use. | ||
| + | * Discounts: Safety equipment on the vehicle airbags, and antilock brakes; theft control devices passive systems (e.g. The Club), and alarm system; and driver type - good student, and safe driver (accident free); group - senior drivers fleet drivers . | ||
==Photo gallery== | ==Photo gallery== | ||
Revision as of 19:58, 14 March 2007
| Car Insurance Quotes | |
| Slogan | Your One Stop Shop For All Your Car Insurance Needs |
|---|---|
| Type | [[Company_Type:=Private|Private]] |
| Founded | [[Year_Started:=2007|2007]] |
| Founder | Garrett Minks |
| Headquarters | Template:Country data US [[City:=Houston|Houston]], [[State_Name:=Texas|Texas]], [[Country_Name:=United States|USA]] |
| Key people | [[Key_Person1:=Garrett Minks|Garrett Minks]], CEO |
| Industry | Car Insurance Help |
| Revenue |  US$4 hundred (2007) |
| Operating income |  US$4 hundred (2007) |
| Net income | US$4 hundred (2007) |
| Employees | 1 (2007) |
| Owner | Garrett Minks |
| Contact | Car Insurance Quotes 22415 Water Edge Lane Katy TX US 77494 832.643.8266 [mailto:garrettminks@gmail.com Email] |
| Reference | Year End: 12/31NAICS:51611 Entity: [[Entity_Type:=Sole proprietor|Sole]] |
Car Insurance Quotes is the definative listing on the internet for all of your car insurance needs. If you would like to advertise with Car Insurance Quotes and <adsense>
google_ad_client = "pub-3695520715701375";
google_ad_output = "textlink";
google_ad_format = "ref_text";
google_cpa_choice = "CAAQhOSQ_QEaCJ0mn-838cQbKKjntoQB";
google_ad_channel = "7158149505";
</adsense>
Resources
Google has systematically picked the best car insurance sites on the web.
<adsense> google_ad_client = "pub-3695520715701375"; google_ad_width = 336; google_ad_height = 280; google_ad_format = "336x280_as"; google_ad_type = "text_image"; //2007-03-06: Centiare google_ad_channel = "4788398622+0332613634"; google_color_border = "336699"; google_color_bg = "FFFFFF"; google_color_link = "0000FF"; google_color_text = "000000"; google_color_url = "008000"; </adsense>
How Your Rates are Determined
The current system of insurance creates groupings of vehicles and drivers (actuarial classes) based on the following types of classifications.
- Vehicle: Age; manufacturer, model; and value.
- Driver: Age; sex; marital status; driving record (based on government reports), violations (citations); at fault accidents; and place of residence.
* Coverage: Types of losses covered, liability, uninsured or underinsured motorist, comprehensive, and collision; liability limits; and deductibles.
The classifications, such as age, are further broken into actuarial classes, such as 21 to 24 year olds, to develop a unique vehicle insurance cost based on the specific combination of attributes for a particular risk. For example, the following information would produce a unique vehicle insurance cost:
- Vehicle: Age - 7 years old; manufacturer, model - Ford, Explorer XLT; value $ 18,000
- Driver: Age - 38 years old; gender - male; marital status - single; driving record (based on government reports) violations - 1 point (speeding); at fault accidents - 3 points (one at fault accident); place of residence 33619 (zip code)
- Coverage: Types of losses covered; liability - yes; uninsured or underinsured - no; motorist comprehensive - yes; collision - yes; liability limits - $100,000/$300,000/$50,000; deductibles - $500/$500.
A change to any of this information might result in a different premium being charged if the change resulted in a different actuarial class or risk level for that variable. For instance, a change in the drivers' age from 38 to 39 may not result in a different actuarial class because 38 and 39 year old people may be in the same actuarial class. However, a change in driver age from 38 to 45 may result in a different premium because the records of the insurer indicate a difference in risk associated with those ages and, therefore, the age difference results in a change in actuarial class or assigned risk level.
Current insurance rating systems also provide discounts and surcharges for some types of use of the vehicle, equipment on the vehicle and type of driver. Common surcharges and discounts include:
- Surcharges: Business use.
- Discounts: Safety equipment on the vehicle airbags, and antilock brakes; theft control devices passive systems (e.g. The Club), and alarm system; and driver type - good student, and safe driver (accident free); group - senior drivers fleet drivers .
Photo gallery
A beautiful Habereno Red 2007 Civic Si.
An amazing 2007 Porsche Targa 4S
The Ricer that blows the doors off of Ferraris, A 2006 EVO VII MR
The grand daddy of uberwagons a spicey 2007 BMW M5
