NLIC.org

Anna Said:

Which vehicle would likely have the highest auto insurance premiums?

We Answered:

have you tried the yellow pages?.! That's by far the best way I know to find out prices. Just ask them directly.
If not, use comparison sites on the net.

Virgil Said:

44% raise in auto insurance premiums for one accident in 19 years with Allstate Insurance company?

We Answered:

When you're involved in an at-fault accident you automatically become a risk. The fact that you're with a preferred carrier, they will raise your rate considerably for the accident was your fault. Loyalty is irrevelant with any insurance company. If you receive an infraction, you will get rated accordingly. Sorry, but it's the truth.

I would definetely shop around for a better deal. I gurantee you will find a better deal.

Constance Said:

Resolved Question Show me another » In what ways does buying a car affect auto insurance premiums?

We Answered:

The car affects the premium. New cars are worth more than cars several years old, so they cost more than older ones. High priced cars cost more because the potential loss is much greater than for that of lower priced cars. Sports cars cost more because they're supposed to have more accidents. I'm not sure that's true, but that's what the people who set the rates think. Also, cars that are stolen alot have high premiums. You also affect the premium. Do you have a good driving record? That lowers premiums somewhat. If you're middle aged or older, your premiums are usually lower because older people are considered safer drivers than young ones. I'm not sure that's true, but again, that's what the people who set the rates think!

Try this site to find the best auto insurance

http://best-auto-ins-usa.blogspot.com/

Here you can get quotes from different auto insurance companies in your area, its the best way to find an affordable auto insurance with a reliable company.

Hope this helps ya!

Cindy Said:

How do insurance co use descriptive statistics & probability dist. to project health & auto insuranc premiums?

We Answered:

Ultimately the insurance company charges more when it is at risk of having to pay out. I didn't realize that insurance was inverse for health and auto, but I can see why it would be. First, to understand this concept you have to suspend the want to point out the exceptions. This being statements like, "I knew a guy that had a heart attack at 20." Statistically, things such as heart attacks in your 20s don't happen often. That being said, it can be easily shown that as your age increases your risk of sickness. Now also bear in mind that the insurance company is concerned with "how much" moreso than "how often." They are a company so they watch the bottom line. In youth you may be sick, but most likely it will not cost much. A prescription vs. surgery etc. Now coming to auto insurance: It is easily shown that the younger the driver the worse the accident can be. This shows why young males are most often the worst to ensure. Statistically, the young male is prone to accidents and usually can be involved in some of the most expensive accidents. Older drivers tend to go slower and when there is an accident it is usually not as severe.

In conclusion being younger puts you in better health (usually) and being older makes you a better risk when driving.

Roberta Said:

Do auto insurance premiums reduce when the car value depreciates?

We Answered:

There is no hard and fast rule that rates drop because of depreciation. However, if you no longer are required by the lien holder to have full coverage on the vehicle, you can reduce your premiums by dropping things you don't need, or raising the deductible amounts.

You might want to talk to an independent agent to see what options you have with other companies.

Pearl Said:

Is there a minimum amount that must be charged for auto insurance premiums?

We Answered:

No, there is no minimum by law.