Car Insurance Estimator – What You Need
Such calculator asks a number of questions; each answer will be used as variable to make quotes and determine the premium fee. The questions can be divided into two main categories including means-related and personal information. Some of the most shared questions you see in car insurance estimator are listed as follows:
1. What is your age or birth date?
Age plays a role in the overall estimation. The insurance company considers very young and senior citizens high-risk drivers. The former group probably without of experience, and there is a 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 in addition.
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 excursion?
Car form affects insurance rates in addition. Car insurance estimator may treat luxury cars like 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 speeding up rate is quite risky to insure in addition, 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 in addition.
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 DMV lists all past accidents in which you were involved, traffic violations, and every traffic ticket. The insurance companies uses the data to determine whether you are low-risk or high-risk driver.