The main function of a car insurance calculator, regardless what company that provides it to you, is to give a general overview or estimation of what you need to pay for car insurance based on the information you give.
Such calculator asks a number of questions; each answer will be used as variable to make quotes and determine the premium fee. Basically, the questions can be divided into two main categories including vehicle-related and personal information. Some of the most common questions you see in car insurance estimator are listed as follows:
1. What is your age or birth date?
Age plays quite significant role in the overall estimation. Insurance company considers very young and senior citizens high-risk drivers. The former group probably lacks of experience and there is high possibility that young drivers break some traffic laws, commit violations such as speeding, etc. The latter group probably has some limitations in terms of vision, hearing, and driving skills, meaning the chance of being involved in accident increases as well.
2. What is your profession?
Car insurance estimator uses drivers’ professions to calculate accident rates. There is a statistic suggesting that certain professions such as doctors, real estate brokers, lawyers, business owners, and salespeople are considered stressful jobs; insurers believe that stressful jobs affect concentrations on driving. Cal insurance calculator may determine higher insurance fee based on this factor.
3. What kind of car you drive?
Car model affects insurance rates as well. Car insurance estimator may treat luxury cars as the more expensive assets to insure. In case of accidents, vandalism, or theft, luxury car is more likely to cost more to repair compared to its cheaper counterparts. Sports car with high top speed and quick acceleration rate is quite risky to insure as well, so insurance companies tend to charge more for such vehicles.
4. How many cars to insure?
The good thing is that the more cars listed in the same insurance policy, the more discounts you probably get. The discount is based on bundling option, so you can be eligible for other discounts if you insure your house, health, and life with the same company as well.
5. What is your address?
Car insurance estimator uses your address to determine if you live in certain area where crime rate is considered high. You have to pay more to protect the car if you live in risky towns.
6. How many violations on your driving record?
Driving record is evidence where all previous accidents in which you were involved, traffic violations, and every traffic ticket are listed by DMV. Car insurance estimator uses the data to determine whether you are low-risk or high-risk driver.
How to Save On Senior Auto Insurance
Ever been in a situation where you are in a hurry to get somewhere and driving on the freeway with such speed then you suddenly see yourself come behind a car on same fast lane going slow, even slower than those on other lanes? You try as much to get the slow driver to move faster; flashing your vehicle light and all you could to no avail. You finally get to move past the slow driver and while getting by car, you realized the driver is an elderly and you simply drive ahead and wander along. It is a fact that senior citizens drive safely much more than the youths and have better rates.
What You Can Do to Get Cheap Insurance for Your Car
With so many auto insurance companies across the nation, finding an affordable insurance for your vehicle can be either easy or difficult. It is easy because those companies are in the middle of a competition which may force them to lower the premium. It is also difficult since the cheapest one is not always the most dependable.
Auto insurance used to be a complicated process full of lengthy discussions with captive agent
As technologies improve and communication has become easier than ever, buyers no longer need to wait for several days to get quotes and make the purchase.
