[ad_1]
Such a calculator asks several questions; Each answer will be used as a variable to create a quote and determine the premium fee. The questions can be divided into two main categories including vehicle related and personal information. Listed below are some of the most common questions you will see in a car insurance estimator:
1. What is your age or date of birth?
Age plays a role in the overall estimate. The insurance company considers the very young and senior citizens as high risk drivers. The former group probably lacks experience, and there is a high probability that young drivers break some traffic laws, commit violations such as speeding, etc. The chances of getting involved in an accident also increase.
2. What is your profession?
The car insurance estimator uses the occupations of drivers to calculate accident rates. There is a statistic that suggests that some professions such as doctors, real estate brokers, lawyers, business owners and sales people are considered to have stressful jobs; Insurers believe that stressful jobs affect concentration while driving. The term insurance calculator may determine higher insurance charges based on this factor.
3. What kind of car do you drive?
The car model also affects insurance rates. A car insurance estimator may treat luxury cars as more expensive assets to insure. In case of accidents, vandalism, or theft, luxury car repairs are likely to cost more than their cheaper counterparts. Sports cars with high top speeds and quick acceleration rates are also very risky to insure, so insurance companies charge more for such vehicles.
4. How many cars to be insured?
The good news is that the more cars are listed on the same insurance policy, the higher the discount you are likely to get. The discount is based on the bundling option, so you may be eligible for other discounts if you insure your home, health and life with the same company.
5. What is your address?
The car insurance estimator uses your address to determine if you live in an area known to have a high crime rate. If you live in risky cities then you will have to pay more for car protection.
6. How many violations do you have on your driving record?
Driving record evidence is where the DMV lists all previous accidents you were involved in, traffic violations, and every traffic ticket. Insurance companies use the data to determine whether you are a low-risk driver or a high-risk one.
[ad_2]