Car Insurance : What You Should Know 2
November 27, 2008 General Information No Comments
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Paying a bit more in this time of crisis may be a pain in the pocket now, but just think of the rising numbers of uninsured or under insured drivers these days. What if you were on a collision course with one? You will thank your lucky stars that you prepared for this eventuality. Know the factors that affect your car insurance rate. Companies have various parameters that they use when scrutinizing your application during underwriting. Your claims history is very important when deciding how much premium you should pay. If you have been in too many accidents in the last 3 to 5 years, chances are, you will have a higher premium than someone who has not or the insurance company will think twice before offering you a policy. Another factor insurance companies consider is your credit history, to determine whether or not you are a good credit risk. You don’t think that any insurance company will enjoy doing follow up collection calls just so you could pay your monthly premium, do you?