Question posed by Chloe B: Car Insurance!?
I am planning to buy a used 1992 Honda Prelude for $ 2,700.00. How does the insurance work? Does the price of the car that I paid or the retail price, plays as a factor of how much I would have to pay monthly for insurance. What insurance company would be the best for a new driver with her G2 only? Does anybody have an idea of how much it will cost me (approximately monthly) for the insurance? What other fees or cost will I have to pay for?
Top answer:
Answer by Cheyenne The things that factor into insurance prices:
1. Type of vehicle
2. How old you are
3. Are you married? Teen drivers?
4. Tickets? Accidents?
5. How much coverage you want, liability, full coverage, etc.
A question asked by kaybird00: Car insurance?
I just bought a brand new car and recently changed my car insurance company. Today after leaving a meeting I hit a fire hydrin while backing up leaving a nice hole in my back bumper. I called my insurance company and submitted a claim but am more concered with the my insurance premium going up. Does anybody know if it will go up or not. I have not submitted a claim in more then 5 years and only pay 86.00 a month for full coverage including collision and renters insurance for my house. Does anybody know about this kind of stuff??
The No 1 answer:
Answer by siu Most likely your insurance may go up 15% for 3 years, but it also depend how much is the cost for the repair. Especially is your mistake for the accident. Good luck.
Question posed by bradly x: What does a person credit score have to do with rates on car insurance rates?
It should be against the law since everyone must carry car insurance. Also, what does my low credit score got to with my great driving record? Sounds like another reason to raise rates because most credit scores are low across the board. If someone pays their insurance company on time and has a good driving record should be their only concerns. Doesn’t that make sense to raise car insurance rates to persons that had a hard time paying a bill, bit made all their car insurance payments on time.
Most detailed answer:
Answer by Tom Z Actuarial studies show that how a person manages his or her financial affairs, which is what an insurance score indicates, is a good predictor of insurance claims. Statistically, people who have lower insurance scores tend to file more claims.
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Question by Lily Cri: How much is typical car insurance for a teenager?
I am a 19 year female in college (in new jersey) and by the time I get my car and licence I would be 20.
I was wondering if anyone knew how much typical car insurance would be for me, so I could figure out how much I would need to save up before I get my car. What is the best company to go with?
Chosen answer:
Answer by Vipassana You’re a 19 year old female.
You should know how to use a phone.
I suggest you pick one up, call a few companies, and get your own quotes.
WE CANNOT QUOTE YOU. It depends on your record, vehicle, location, and a lot of other variables, which you did not supply.
Nevermind that this is not an insurance website…..
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Question by shortzyboi: How does car insurance work? (also whats better buying a car vs leasing)?
well im 16 right now. planning to save up till 18 and buy a car. my first question is, how does car insurance work? i know you have to pay monthly and depending on each car its different but would car insurance be cheaper when the car is leased? or when its bought?
also i know each car depreciates alot every year. at first i was thinking of leasing it but now im not sure. can someone tell me what would be a better choice on the long run?
Best answer:
Answer by Grumpy Old Man Insurance companies have the data on millions of miles of travel for millions of people of all ages; using this data, they know exactly how likely you are to get into an accident and how much it will cost. Using this data, they bill you ahead of time for your accidents in monthly increments (actually, this is a gross simplification but you get the idea).
Do not lease a car!
Leasing is total fail – the only way leasing works in your favor is when your company pays for it (or you are able to deduct the payments from your taxes). The leasing company figures out how much you will drive over the life of the lease, how much the car will depreciate, and what they will be able to sell the car for when – they add all this up and divide it by the number of months of the lease. Then they add in their profit. You have to pay a couple thousand dollars to begin the lease and when the lease is over, they will bill you for any mileage over what they calculated and bill you for any loss when they sell the car. Most leases are bogged down with so much fine print (and BS) that you have no real idea of the cost you only know what the monthly payments are — remember that you have to pay a lump sum at the beginning and another at the end.
Leasing is for losers – if you can work the lease so your company is the loser, good for you.
A question from Mr. Questionair: why car insurance co. increase your premium, when you inform them change of your address?
i have to pay a 35$ premium extra…because i made a change of address. What happened if i change my address back to the old house to avoid the premium? i only have 3 more months of my contract to the insurance company, plus im planning to buy a different insurance… what’s the consiquences of living in new home but car insurance from old home?
The top answer:
Answer by tonalc1 Some companies base their rates on your zip code; they have statistics for accidents in that area, and if your risk is higher, you pay more.
Question by Doctor N: How much is car insurance for a 16 year old living in Florida?
Hi, I’m fifteen and I’m getting my license soon. I was wondering, what’s the average cost for car insurance for a child at the age of 16 driving a Ford Mustang GT? I included my car model if that’s any help at all to you. I also live in Central Florida.
Thanks in advance!
The best answer:
Answer by iblee75 Go here
http://www.2insure4less.com/
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