Car Insurance Rating

Let's assume you already have car insurance and you are looking for a company with a lower insurance rate? Will a new car insurance company accept you if you have one prior speeding ticket? How about if you have had one minor fender bender in which you were at fault? What if you have one or two parking tickets? Or a negative credit score?

Credit score. Geographic location. Driving record. Vehicle type. Prior claims history. Number of vehicles, number of drivers, age of drivers, experience of drivers. Coverage limits.

Most companies will accept you with one minor violation - where you're going less than 20 miles over the speed limit. If you have one accident AND one speeding ticket (minor is relative - in some states, it's under $1,000, others $5,000), you'll have a much harder time getting a competitive quote. A negative credit score will affect your rates in most states, and if it's low enough, in other states the carriers will refuse to write your coverage altogether.

If you combine a low score, at fault accident, and a ticket, you're probably best off where you are right now - or go to Progressive.

2006-06-23 11:21:22 by Robert L

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I have heard that accidents and tickets will affect car insurance rates for five years. I was in an accident four years ago, that was determined to be my fault. Now, my (old) insurance company just settled this claim. Is this going to affect my rates for five years from the settlement date or from the date of the accident?

crizzy u, I recommend an online insurance quote. It's free and quick to do. http://www.autoadviceonline.com/Auto-Ins urance-Quote.html

2008-11-05 21:19:47 by crizzy u

Price: $5.95 $5.95

Have had a perfect driving record for 20 years, last week on my way to work, hit black ice, and car overturned in the ditch - car was a total loss. Do you think my rates will rise? No injuries or property damage, just a totalled car from the crash. Have been with the same insurance company with no previous claims the past 10+ years.

"First it depends on your state. If you are in NH, they can't surcharge you for a one car accident, even if you total the car.
Then, it depends on your company. Some have first accident forgiveness after you have been with the same company more than 3 or 5 yrs. Some have first accident forgiveness up to a certain amount (like only up to $10,000, above that is chargable). Some don't have any first accident forgiveness.
The best place to find out is your agent."

I've had good info about it here:

http://carquotes.imess.net

Have a nice day.

2008-11-02 05:29:21 by Mike R

Price: $24.95

It should be against the law since everyone must carry car insurance. Also, what does my low credit score got to with my great driving record? Sounds like another reason to raise rates because most credit scores are low across the board. If someone pays their insurance company on time and has a good driving record should be their only concerns. Doesn't that make sense to raise car insurance rates to persons that had a hard time paying a bill, bit made all their car insurance payments on time.

It will take a few years but some states have passed laws that ban the companies from using credit in their equations. In a few years we will see if their new 'equations' work as well as the equations that have credit in them. If they do, then many states will be passing laws to ban credit use

Here is some more detailed info about it -

http://carquotes.fateback.com

Hope that helps.

2008-11-15 22:51:37 by bradly x

Car insurance rates fluctuate from company to company. What tips can you offer others to help secure the most competitive rate?

Yahoo! Canada Answers staff note: This question is asked by Gregory Ellis, co-founder of the the insurance shopping service kanetix.ca. Visit http://www.kanetix.ca/YAHOO_answers for more information.

I don't think I have any Earth-shaking revelations here, but this is what works for me:
1) Shop around - I found a huge difference in quotes for the same coverage.
2) Elect higher deductibles - if your financial position supports this, go for it.
3) Consider dropping collision coverage on older cars, perhaps even collision AND comprehensive on older cars that are also a second car.
4) Put all your vehicles, or combine home policy and car policy, with one insurer. This may result in further discounts.
5) Check to see if a driver training course will lower your rate. It may pay for the course in a short period of time.
6) Drive carefully! You'll reduce your chance of an accident that may affect your rates.

2008-01-15 13:42:17 by Gregory Ellis from kanetix.ca