Most Recent Auto Insurance Guide in Factors That Affect Insurance Rates

• Maryland – Factors that Affect Auto Insurance Rates

  by Hayden Krueger

  Maryland roads are some of the busiest in the country. Majority of the Maryland state is in and around the highly congested cities of Baltimore. With such high rates of traffic congestion, it is but natural that the state of Maryland has imposed stringent auto insurance rules. The state of Maryland has, apart from the minimum liability common in many states, has also made two other insurance overage policies mandatory. These are the uninsured motorist’s coverage and PIP or personal injury protection policy.

  The minimum liability for the state of Maryland is fixed at twenty thousand dollars per person for bodily injury and forty thousand dollars for bodily injury in total. Mandatory property damage coverage is for the amount of fifteen thousand dollars.

  Uninsured motorist’s coverage is for the same amount as minimum liability and Personal Injury Protection is for the amount of two thousand five hundred dollars. However, these … Click here to read more

• Maine – Factors that Affect Auto Insurance Rates

  by Hayden Krueger

  The number of vehicles on the road is increasing everyday. The number of accidents is too. In such a scenario, the rule making auto insurance mandatory seems to be a godsend. However, auto insurance can be quite expensive. The state of Maine has fixed very high minimum liability.

  Minimum liability in the state of Maine is fixed at fifty thousand dollars per person for bodily injury and a hundred thousand dollars in total for bodily injury. It is also mandatory to get property damage coverage for an amount of twenty five thousand dollars. Though it is not mandatory in many states, the state of Maine has made Uninsured Motorist’s coverage necessary. It is also compulsory to get coverage for medical costs for an amount equal to a thousand dollars.

  These are just the minimum sums fixed. However, many people and the industry experts agree that adequate insurance coverage is of … Click here to read more

• Louisiana – Factors that Affect Auto Insurance Rates

  by Hayden Krueger

  The state of Louisiana has made auto insurance mandatory. The minimum liability set by the state is ten thousand dollars per person for bodily injury, twenty thousand dollars in total covering two people for bodily injury and ten thousand dollars for property damage. This is of the form 10/20/10. This is going to be increased to fifteen thousand dollars per person for bodily injury, thirty thousand dollars for bodily injury in total covering two persons and property damage for twenty five thousand dollars. The change will be effective from the first of January, 2010. This, however, is the minimum amount set by the government. Most of the costs incurred in case of an accident will amount to more than these small amounts. The industry experts advise people to get insurances for much higher amounts.

  Insurance is now mandatory and costs a lot. However, there are many factors that help us … Click here to read more

• New Mexico – Factors that Affect Auto Insurance Rates

  by Hayden Krueger

  The state of New Mexico has written a lot of rules and regulations to ensure the drivers and motorists on the roads today are safe.  These rules and regulations have to be followed at all costs. Any driver found violating any of these rules will be penalised. One rule that is very important is the rule regarding auto insurance. New Mexico, like many other states, has made auto insurance mandatory. Any driver on the road should be carrying his proof of insurance. Insurance has been made mandatory to ensure that a driver is able to pay for all the damages he might have caused in an accident. New Mexico follows the Tort system of rules. According to this, a person has to be found responsible for an accident and he should pay for all the damages caused.

  The mandatory insurance coverage of New Mexico is of the form 25/50/10. This … Click here to read more

• South Dakota – Factors that Affect Auto Insurance Rates

  by Hayden Krueger

  The state of South Dakota similar to many other states has made auto insurance mandatory. This state follows the tort system of rules. According to the tort system, in case of an accident, a person ahs to be found responsible and should pay for all the damages cause during the accident. Thus, if a person is found driving, he should have enough proof of insurance to pay for the damages that might be caused if he is in an accident.  This is also in accordance with the financial responsibility laws of the country.

  Every state will have fixed a minimum amount of insurance made mandatory. This is known as minimum liability. The minimum liability fixed for the sate of South Dakota is of the form 25/50/25. There is a minimum of twenty five thousand dollars for bodily injury per person injured in the accident. There is also a total of … Click here to read more

• Rhode Island – Factors that Affect Auto Insurance Rates

  by Hayden Krueger

  Every state has a set of rules and regulations that must be followed. Every state has many rules and regulations written specifically for the motorists or drivers on the roads. These rules must be followed at any cost. When one person does not follow these rules and regulations, he must realise he is putting himself and others lives in danger. Any violations will be penalised.

  The state of Rhode Island has come out with a set of rules and regulations as well. One such rule would be concerning mandatory insurance policy. The state of Rhode Island, like many other states, has made auto insurance mandatory. The minimum liability is fixed at twenty five thousand dollars per person for bodily injury in the accident and a total of two persons at fifty thousand dollars in total for bodily injury per accident. Property damages costs should be twenty five thousand dollars per … Click here to read more

• Oregon – Factors that Affect Auto Insurance Rates

  by Hayden Krueger

  There are a number of factors that affect insurance rates when you decide to go in for one. Provided that you understand the various factors that are involved in contributing to the rates, you should be able to work towards getting a lower rate and saving on the insurance in the end. Many people end up paying much more than they are supposed and hence compliant about the high costs involved in driving their vehicle.  If we are all made aware of how easy it is to save money on these insurances, we can try and work towards increasing our savings and reduce costs while driving our vehicle.

  The first way in which you can save on insurance is by maintaining a healthy credit score. By simply ensuring that you have a good credit score, it is entirely possible to save on your car insurance and also any other form … Click here to read more

• Oklahoma – Factors that Affect Auto Insurance Rates

  by Hayden Krueger

  While opting for auto insurance, there are a number of factors that are going to affect insurance rates that you need to be aware of. As all of us would ideally like to only pay the best rate for our insurance, it is important to understand the different factors that affect the insurance rates of our motor vehicle and try to ensure that these factors are taken care of and not causing the premium to be higher than it actually is.  With a little effort, it is possible to ensure that we get to enjoy the best possible rates on our auto insurance.

  The first factor that affects insurance rates is your credit rating. Your credit score pretty much determines how you are with your finances and dictates the route that insurance companies ought to opt to ensure that they get their money regularly every month. Hence, maintain a good … Click here to read more

• Ohio – Factors that Affect Auto Insurance Rates

  by Hayden Krueger

  Every state in the United States of America has written its own set of rules and regulations. Every state wants its citizens to feel safe. There are rules specifically written to ensure protection of drivers and motorists on the highway. Auto insurance is one such safety measure. Many states have made it mandatory. Ohio is one such state that has made auto insurance mandatory.

  Auto insurance policies are mandatory in the state. There is a minimum liability that each of such insurance policies must have. The minimum rate is decided according to the financial responsibility laws. These laws state that every driver must have proof to show he has enough finances to ensure payment for any damage he might cause with his vehicle in an accident. The minimum liability is twelve thousand five hundred dollars for bodily injury per person and twenty five thousand dollars for bodily injury in total. … Click here to read more

• Indiana – Factors that Affect Auto Insurance Rates

  by Hayden Krueger

  Whether it is Indiana or any other state in the United States, several factors would affect auto insurance rates. The factors are based on the risk level for each person. If the insurance companies perceive a higher risk on a particular factor about you, it would increase the premium proportionately. Similarly, if a particular risk is perceived as minimal, the premium would be lowered. The major Indiana factors that affect insurance rates are presented here briefly.

  Factors that affect insurance rates in Indiana

  • Age and gender
  • Driving history
  • Driving record
  • Past accidents history
  • Marital status
  • Mileage of driving
  • Credit history, credit rating, and credit score
  • The make, model, and power rating of the vehicle
  • Several other factors that vary from one company to another

  Since the premiums are decided purely on the risk perception about you by the insurance company, there is no harm in your obtaining quotes from several … Click here to read more

• Idaho – Factors that Affect Auto Insurance Rates

  by Hayden Krueger

  Idaho insurance companies take great care in selling auto insurance to drivers and other members in their households due to the high risk they are taking in the face of several traffic accidents and subsequent insurance claims. Hence, they consider lot of factors in deciding the insurance rates that had to be charged to a particular driver. If you analyze these factors and evaluate your risk level, you would be able to understand the amount of premium that you are likely to be charged. The major factors are presented here for your knowledge.

  Age of the Person Applying for Auto Insurance Coverage

  Normally, persons below the age of 25 are considered as high risk drivers by insurance companies. Persons below 25 usually drive recklessly and faster due to the exuberance of their youth. Due to this factor, they tend to take more risk while driving by over speeding, passing others … Click here to read more

• Nebraska – Factors that Affect Auto Insurance Rates

  by Hayden Krueger

  Any state has a strict policy regarding insurance requirements each motorist must fulfil. The state of Nebraska too has a similar policy. The State of Nebraska has a minimum liability of twenty five thousand dollars per person for bodily harm during an accident, a total of fifty thousand dollars for bodily harm during an accident and twenty five thousand dollars for property damage. This is the minimum requirement and it is not strange to see people choosing to go in for policies worth more.

  There are many factors that affect insurance premiums and rates in the state of Nebraska. Each person is viewed by the insurance company as a potential risk within a specific population. As the risk increases, the person pays more for coverage. Thus, for lower premiums the amount of risk should be reduced.

  One of the factors that can affect your insurance premium is your age. Statistics … Click here to read more

• Wisconsin – Factors that Affect Auto Insurance Rates

  by Hayden Krueger

  Insurance is a matter of personal choice and the insurance taker himself decides what type of insurance he wants to take for his car and from which company. Before a person takes up any type of insurance, he needs to understand that there are a number of Wisconsin factors that affect car insurance premium rates. The premiums are decided by the company by calculating many factors that generally change according to the specified population. The risk factor is analyzed before premium is decided. The insurance premium is directly proportional to the risk factor associated with a particular person.

  The first factor that affects car insurance rates is your age. People under the age of 25 are more at risk unlike the elders. It has been seen that the people who are in the age group of 50-65 have the safest driving records. The higher the risk, the higher would be … Click here to read more

• Tennessee – Factors that Affect Auto Insurance Rates

  by Hayden Krueger

  There are several factors which determine the insurance rates. The vehicle, your driving history and number of claims made in past, safety features added in your vehicle and the parking space all account for your present insurance rates.

  But if you live in Tennessee there are several other factors which affect the insurance rates. These may be unknown to a large section of the people of the state until they come up at the time of an accident and you get the clear picture as to what is included in your policy and what not.

  There are some factors over which you have no control like age, sex and marital status. Age is quite an important factor which determines your insurance coverage. Drivers under 25 years of age are in the high risk area and their insurance rates are generally high. People over 25 years have to pay a nominal … Click here to read more

• Georgia – Factors that Affect Auto Insurance Rates

  by Hayden Krueger

  When you decide to purchase auto insurance, several factors would decide how much the insurance would expect you by way of monthly premium payment. Each factor is analyzed through a statistically based risk potential. For a higher risk in each factor, the premium would be increased for the auto insurance coverage. If you have a lower risk, automatically the insurance premium would come down proportionately. Hence, you should understand the importance of each factor that plays a role in the decision of your auto insurance premium. Certain factors could be changed by you but a few other factors could be easily controlled to improve your chances of influencing lower insurance rates.

  Factors that Could Not Be Changed

  Age is one factor that you could not change. However, if you are under the age of 25, you should expect a higher insurance premium every month, because the insurance companies hold persons … Click here to read more

• District of Columbia – Factors that Affect Auto Insurance Rates

  by Hayden Krueger

  Like in other states, the factors that affect insurance rates in District of Columbia are quite significant and should be carefully studied and analyzed before you apply for auto insurance policy. This would help you lower your insurance rates substantially. Already questions are asked about the affordability of auto insurance. Since Washington, DC ranks third highest for insurance rates in US, particular care should be given to the factors that affect insurance rates and try to obtain lower rates. Statistics reveal that the insurance costs jumped 14% from October, 2007 to October, 2008 to $2952.

  Factors that Affect Insurance Rates in Washington, DC

  • Age and gender
  • Driving history and driving record
  • Past instances of accidents
  • Marital status
  • Mileage of driving in one month and in one year
  • Credit history and credit rating
  • The make, model, and power rating of the vehicle
  • Other factors that vary from one insurance company to

  … Click here to read more

• Alaska – Factors that Affect Auto Insurance Rates

  by Hayden Krueger

  In Alaska, there are several factors that affect the auto insurance policy premium rates. The insurance companies consider the risks involved with the person purchasing the auto insurance policy. If the risks are higher in their perception, they would demand higher insurance rates. If they assess that the risks are comparatively lesser, then they would offer lower insurance rates. The factors that affect insurance rates in Alaska are presented here briefly.

  Age of the Driver

  Insurance companies hold that persons below the age of 25 are a very big risk, compared to people over 25. This is because persons below 25 are usually more reckless in their driving and they also tend to drive faster. Due to the exuberance of the youth, they try to take more risks in driving. Hence, insurance companies would hike the insurance rates for persons below 25. Moreover, insurance companies consider people between 50 and … Click here to read more

• Wyoming – Factors that Affect Auto Insurance Rates

  by Hayden Krueger

  When it comes to determining your car insurance rates, there are several factors that come into play. Some of these things are just common sense and then there are other things that you probably never even thought of as being a reason to base your car coverage on. Here are some things that the insurance industry considers when coming up with your premiums.

  First up is your driving record. How many accidents you have had, how many claims you have put in and how many traffic violations you have been charged with during a three year period is a big factor in what you will be paying for your car insurance. The more you actually use your insurance, the more it will cost your.

  Your age and where you live play a big part in how much you will pay for your car insurance. If you are a married woman, … Click here to read more

• West Virginia – Factors that Affect Auto Insurance Rates

  by Hayden Krueger

  When insurance companies decide on the rates that they are going to charge their customers, there are many factors that they take into account. Many of the things they take into consideration you really have little to no control over, but there are some things that are factored in that just might surprise you.

  One of the key factors in determining car insurance rates is your driving record. Rates will be higher if you have been the cause of one or more accidents. The same holds true if you have a number of moving violations against you or you have submitted too many claims to your current insurance company. All of these things are factored into the price you will pay for car your insurance.

  Demographics are another area that plays a big part in your insurance rates. While a married woman could pay less for her insurance, an unmarried … Click here to read more

• Vermont – Factors that Affect Auto Insurance Rates

  by Hayden Krueger

  You might be aware of some of them but there are a number of factors that car insurance companies take into account when figuring out the rates they charge their customers. There are a few things that you really don’t have any control over, but there are some things that are factored in when determining your car insurance rates that just might surprise you.

  How much you are going to pay for your insurance is usually determined by your driving record. Have you been the cause or a victim of one or more accidents? Do you have a number of moving violations against you? Have you submitted too many claims to your current insurance company? If you can answer yes to any of these questions then you are going to pay more for your insurance because of your actions on the road.

  Your age group, where you live and where … Click here to read more