Global Courant
Such a calculator asks a number of questions; each answer is used as a variable to create quotes and determine the premium. The questions can be divided into two main categories, including vehicle-related and personal information. Some of the most common questions you will come across in the auto insurance estimator are as follows:
1. What is your age or date of birth?
Age plays a role in the overall estimate. The insurance company considers very young and seniors to be high-risk drivers. The first group is likely to have a lack of experience and young drivers are likely to break some traffic rules, commit offenses such as speeding, etc. The last group is likely to have some impairments in vision, hearing and driving ability, which means that the chance of being involved in an accident also increases.
2. What is your profession?
Auto insurance estimator uses drivers’ occupations to calculate accident rates. There is a statistic that suggests that certain professions, such as doctors, real estate agents, lawyers, business owners, and salespeople, are considered stressful jobs; insurers believe that stressful jobs affect concentration on driving. Cal insurance calculator can determine higher insurance cost based on this factor.
3. What kind of car do you drive?
The car model also affects insurance rates. Auto insurance estimator can treat luxury cars as the more expensive assets to insure. In the event of accidents, vandalism or theft, a luxury car is more likely to cost more to repair compared to its cheaper counterparts. A sports car with a high top speed and rapid acceleration is also quite risky to insure, so insurance companies tend to charge more for such vehicles.
4. How many cars to insure?
The great thing is that the more cars in the same insurance policy, the more discounts you are likely to get. The discount is based on bundle option, so you may be eligible for other discounts if you also insure your home, health and life with the same company.
5. What is your address?
The auto insurance estimator uses your address to determine if you live in a particular area where crime is considered high. You have to pay more to protect the car if you live in high-risk cities.
6. How many violations on your driving record?
Driving record is evidence where DMV lists all previous accidents you were involved in, traffic violations and all traffic fines. Based on the data, the insurance companies determine whether you are a low- or high-risk driver.
Auto Insurance Estimator – What you need
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