| Auto
Insurance FAQ
Get yourself acquainted with various things associated with auto
insurance with our Auto insurance FAQ. Insuredquote.com provides a
riveting insight into Auto insurance FAQ and helps you stay
informed. Given below is an insight into some of the common auto
insurance FAQ.
1.How does an auto insurance company set my premium?
Considering a number of factors such as where you live, the kind of
car your drive, age, gender, your driving record etc., an auto
insurance company sets your premium. However, the level of cover and
your driving record are the key factors influencing your auto
insurance premium.
2. Can my premium rates increase?
Yes. Your premium rates can increase when you renew your policy,
change drivers or vehicles, apply for a new policy, or when you are
charged with an accident or traffic violation. When your state
allows a rate increase, all the insurance carriers are likely to
increase their premiums.
3. Do speeding tickets or "points" affect my insurance rates?
Yes. If the insurance provider asks for an update on your driving
record, points or tickets will increase your rate. Since you are not
bound to inform the provider of a ticket, it will not increase your
premium as long as you sit tight.
4. Do insurance companies check driving records?
Yes. Insurance companies do check your driving record whenever you
apply for a new policy. When you are renewing your policy, or adding
a new vehicle or driver, companies might check the driving record.
5. Will my premium rates increase if I report an accident to my
insurance provider for which I was not at fault?
Not necessarily. However, if you have had several accidents within a
short span of time in the past, your insurance company might think
that you are reckless when driving, and can increase your premium.
6. If I add a teenage driver to my policy, will it cost a lot?
Probably Yes. Teenage drivers fall into the age group that is
statistically prone to more accidents. However, you can get a
discount if your teenage driver is a good student or drives an older
model car.
7. If I have my kid in college, will it affect my insurance rate?
Your premium should decrease if your kid is attending a school over
100 miles away without a car. However, if your kid goes to college
in a car, they should be treated as the primary driver. This can
make your insurance rate go up slightly.
8. If I marry someone with a poor driving record, will it affect
my insurance rate?
If you share the same policy, the answer is `yes.' However, you can
reduce your premium rates by taking two policies and carrying less
collision and comprehensive insurance on the high-risk driver's
vehicle.
9. Why do insurance providers need my credit history?
Past records show that drivers with poor credit are more likely to
file claims than drivers with good credit. This is because, it's
held that those who are careful with their money are more likely to
be careful with the way they drive as well.
10. If anyone borrows my car, will they be covered under my auto
insurance?
If the person who borrows your car is a licensed driver who uses the
vehicle with your permission, they can be eligible for cover.
11. If I take auto insurance in US, is it valid in other
countries?
It is valid in Canada and probably in Mexico as well. The policy is
not valid in any other countries. Since Mexico's liability laws are
somewhat different from ours, you can go for a temporary Mexican car
insurance policy if you are going there by car.
12. Am I covered for a car accident that takes place in another
state?
An American car insurance policy is valid across all states.
However, there are some policies that change their coverage
depending on the state where your car is met with an accident.
Feel free to contact us should you have any question that's not
featured in our auto insurance FAQ. |
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