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The three most common causes of auto insurance increase |
Article Submitted by: Morgan Green
Tuesday, 07 December 2010
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Ever thought about what could make your car insurance premium to
increase? Sometimes we all do stupid things which could make our lives
difficult and ended up costing a lot of money. With regards to car
insurance, one blunder can damage a clean driving record and put us in
the high-risk driver category. 1. Causing a car accident Clearly, not actually a huge surprise. Typically, should you cause a car accident you will have to pay additional insurance charges. For the very first accident the amount could be anything between 10%-35% of the value of your insurance plan. Still,if you are at fault in a 2nd car accident, the surcharges may possibly go up to 150%. Its always an excellent idea to know what the surcharge schedule of your insurance provider is beforehand. Having an additional driver on your insurance policy, who has a terrible driving record, may possibly raise your premiums drastically. 2. Driving offence conviction As previously mention, your driving record is extremely important. Starting from speeding tickets, all the way up to Driving while intoxicated - the effect on your car insurance can only be negative. What many motorists do not realise is that its a punishable offence to operate a vehicle without insurance. In most states, if you're caught driving without having insurance or Dui, you will be instructed to show a prove of financial responsibility for a certain period of time, generally 2 to 3 years. Its known as SR22 Insurance. What that means is that your or your insurance provider must file a SR22 Form to the local government bodies, in any other case your license will not be reinstated. 3. Purchase a car with a terrible claim record. It goes without saying, the type of vehicle you drive plays an important role when car insurance rates are calculated. A typical mistake is to believe that claim record is only associated with a person. The truth is that these days, insurance companies have a claim record for each make and model. Its common sense to thinking that sports cars have worse claim record than SUVs for instance. Having said that, you ought to know that Hummers, Audi A4 and Mercedes AMG are at the top of the "bad cars" chart. As a rule of thumb, before choosing new or used vehicle, always check what the insurance premiums will be first. Sometimes the quotes you receive may be unbelievable. Article Source: http://www.ArticleBlast.com |
About The Author:
In summary, if you are serious about finding affordable car insurance
- be careful on the road, choose your wisely, shop around and don't
drive without insurance. The last thing you want is being forced to
search for SR22 insurance quotes.
In summary, if you are serious about finding affordable car insurance
- be careful on the road, choose your wisely, shop around and don't
drive without insurance. The last thing you want is being forced to
search for SR22 insurance quotes.You are welcome to publish this article free of charge on your website, newsletter, or e-zine, provided:
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