What should I not tell about car insurance?

What should I not tell about car insurance?

Some common factors that insurance companies evaluate when calculating your insurance premiums are your age, medical history, life history, and credit score. Insurance companies also employ actuaries or statistics to get a better idea of ​​the number of insurance premiums they should charge a particular client. Do insurance companies try to trick you?Contents1 Do insurance…

NJ must ban car insurance companies from using credit scores to set rates, advocates say

NJ must ban car insurance companies from using credit scores to set rates, advocates say

A group of New Jersey advocates is urging the state to ban auto insurance companies from using a person’s job, education or credit score to determine prices. They say the practice translates into low-wage drivers who pay higher premiums than richer motorists. “You may have a doctor or a lawyer or some other type of…

Car Insurance Specialist Includes Why Car Insurance Often Calls New Drivers

Car Insurance Specialist Includes Why Car Insurance Often Calls New Drivers

MELBOURNE, Australia, May 16, 2022 (GLOBE NEWSWIRE) – According to leading car and motorcycle insurance specialist Eric Insurance, being a younger driver often carries a higher premium price. With less time on the road, young drivers lack experience in various road conditions and often do not have a solid understanding of how to handle the…

Digital engagement drives sales of collectible auto insurance, season tickets

Digital engagement drives sales of collectible auto insurance, season tickets

Hobbies keep people escaping in difficult times. Companies that provide the infrastructure to help them enjoy these pursuits can also foster engagement that allows them to sell goods and services. For example, over the past few years, Hagerty has built an ecosystem that includes not only specialized insurance for automotive enthusiasts, but also a club,…

Florida car insurance among the most expensive in the United States

Florida car insurance among the most expensive in the United States

TAMPA, Florida (WFLA) – Property coverage is not the only type of coverage for which Florida has a cost concern. According to a study by Bankrate, the average vehicle insurance in Florida is nearly $ 1,000 higher than the national average. “Florida has one of the highest average full-coverage annual car insurance rates in the…

Report: Florida is ranked 2nd highest for car insurance costs

Report: Florida is ranked 2nd highest for car insurance costs

Florida drivers spend more of their salary on car insurance than everyone else in the United States. That’s according to a new Bankrate.com report that says drivers in Sunshine State spend a staggering 4.42% of their annual revenue on car insurance. The only state that spends most of its money on insuring its vehicles is…