I had two small fender benders in the last two years and three years ago totalled a vehicle. Have had insurance with the same co for 10 years no wrecks before, my insurance is now $1100. 6 months. do they base it solely on accidents some people say they base it on your credit score.
2007-01-23 06:26:26 · 5 answers · asked by baby 1 in Cars & Transportation ➔ Insurance & Registration
Insurance is based on many factors, some in your control some not. Examples of factors in your control : age, driving record, credit record, sex, marital status, your zip code, miles driven, where the vehicle is stored, vehicle options, type and age of vehicle, any previous claims. These are factors beyond your control : average cost to fix your vehicle based on other vehicles of the same type, amount of accidents involving same type of vehicle, insurance company loss record. Insurance rates always jump after a major disaster. Hope this helps.
2007-01-23 12:31:50 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Well basicly it was supposed to be based on, the age of the vehicle, the used of the vehicle, the ownership (company or private), claim record, etc..etc..but sometimes if your a loyal client of the insurance company, and you got an accident and claims to the insurance company sometimes...they can consider you for exgracia..it means it's actually not in the insurance company obligation to pay for the loss, but there are some other consideration that they willing to take since you have contribute a fair amount of premium
2007-01-23 14:43:14 · answer #2 · answered by Luna-me 2 · 0⤊ 0⤋
Your premium can be based on all of the following: driving record, claims filed, credit score, and zip code.
The driving and claims stay on your record for around three to five years, then they usually reset. Companies are raising rates much quicker than they used to, even for small claims. My condolences.
2007-01-23 14:43:12 · answer #3 · answered by Jerry J 3 · 0⤊ 0⤋
Everything....credit score, claims (not at fault and at fault), the kind of cars you drive, where you live, the age of drivers on the policy.
2007-01-23 19:42:31 · answer #4 · answered by GrnEyedBandita 3 · 0⤊ 0⤋
they base it on the amount of driving you do, driving history, age, tickets, wrecks, metropolotain area you live, some small amount on your history with them and on their co. policy.
2007-01-23 14:34:30 · answer #5 · answered by brian m 1 · 0⤊ 0⤋