2007-02-20 12:04:09 · 10 answers · asked by jsmith1119 1 in Business & Finance ➔ Insurance
The actual cash value is only a very minor consideration for determining your rate (unless the value is significantly higher than the average value for that make and model). The following have a major role in determining your rate: your age; where you live; the actual make and model of the vehicle; how many years you have been licenced; number of at fault accidents; number and type of moving violations; what you will be using the vehicle for; commuting distance; marital status; etc.
This is assuming that you are the only driver. Adding secondary drivers makes the rating even more complex.
2007-02-20 15:56:10 · answer #1 · answered by Gambit 7 · 0⤊ 1⤋
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2016-09-24 23:52:39 · answer #2 · answered by ? 3 · 0⤊ 0⤋
The restore or replace fee of the motor vehicle is what's insured. The assurance enterprise would not care whether you have a private loan it rather is extra advantageous than the motor vehicle is well worth, below the motor vehicle is well worth or no own loan in any respect. They pay the insured party - the private loan is the topic of the guy whose call the private loan is in (and that they do no longer continually could be a similar individual). If there's a lien on the motor vehicle, the assurance is definitely payable to the lienholder - the financial enterprise or own loan enterprise - yet while the motor vehicle is totaled and the assurance fee is for extra advantageous than the private loan, the lienholder has to furnish her the version.
2016-11-24 21:02:21 · answer #3 · answered by ? 4 · 0⤊ 0⤋
It sounds like you are looking for just liability coverage. There are a lot of factors that can determine price:
- Age
- Credit Score
- Address
- Prior Insurance
- Driving History
Your best bet is to get a couple of quotes.
Here is a auto insurance directory that can help you find local agents: http://www.insuremyvehicle.com
2007-02-21 01:07:29 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Car value is one of many factors in determining how much the auto premium is. Some that have a larger effect on premium:
Your driving history
Your claims history
Your age
Where you live
etc..
Value of car ranks far below all of those factors. Especially if its a low value car. Where you are really going to see the difference is in the type of car and its "Symbol". The higher performance and higher replacement value as well as loss ratio affect its symbol.
2007-02-20 22:11:22 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I have found the source box to be a good resource for this type of insurance. There are a variety of ways to go about this so I suggest you research some of the companies for their offers.
2007-02-20 14:05:36 · answer #6 · answered by Anonymous · 0⤊ 2⤋
There's no one size fits all, sorry. You'll have to call around to a local agent to get a variety of quotes.
2007-02-20 12:38:42 · answer #7 · answered by Anonymous 7 · 0⤊ 0⤋
rates depend on lots of other factors than value of the vehicle. especially in liability insurance.
2007-02-20 15:15:29 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Your best bet is to get free comparison quote. This site has a great free side by side quote feature
2007-02-20 13:52:26 · answer #9 · answered by andybardelli 1 · 0⤊ 1⤋
You'll have to get a quote. Try the company below for comparisons:
2007-02-20 20:19:06 · answer #10 · answered by Anonymous · 0⤊ 1⤋