NLIC.org

Beverly Said:

Car insurance companies accept no claims bonus from Lebanon?

We Answered:

There are none.

A few will accept no claims bonus form other E.U. countries. No insurance companies will accept N.C.B. from outside the E.U.

Evelyn Said:

Do car insurance companies consider education/income/occupation in determining the price of a policy?

We Answered:

Different companies consider different factors and give them different weights in calculating premium. Credit record matters to many companies. Usually they are only interested in your occupation if it might affect your risk (someone who delivers newspapers has a different risk than a real estate agent, who has a different risk than a regular commuter, etc.) I've never heard education or income being considered, but anything's possible.

Charlene Said:

Car insurance companies ask what the use of the vehicle will be, whats the best answer?

We Answered:

The lowest rate does you no good, if the claim is denied because you lied on the application.

And, they're going to check milage.

No commuting gets the lowest rate - pleasure use only. But only if you put less than 5K miles on the car every year.

Carl Said:

Do Different Car Insurance Companies Really Have Different Rates?

We Answered:

Make sure you understand why the rates are different. For instance if your current policy has towing and car rental included, make sure that is included in the policy you are comparing it too. Make sure the deductible is the same...and so on....

That said, I did have an experience where I just bought a newer car and my old insurance company raised my rates quite a bit! When I called in to pay a bill, they asked me if I'd like to compare rates, and I did get a much lower quote on exactly the same (apples for apples) policy!

They were both national company, so I guess the new company is using price to bring in new business. Good for me. I switched!

Compare rates. It is pretty easy these days.

Jo Said:

can car insurance companies use info against if you been at the hospital before?

We Answered:

Have you given them permission (signed a form) to request your medical history? If not then I don't think they can