What Really Goes Into Determining Your Insurance Rates?

Divorcees may be entitled to the same kind of premium refund being a parent. If your ex-husband or ex-wife stood a poor record and you have continued to pay for their old surcharged rates simply because they left your household permanently, bring this for the immediate attention of one’s insurance representative. Visit him with all of pertinent and documented information so your premiums may be reduced immediately while the job published here for a premium refund is processed.

california auto insurance quotesThe insurance companies hold these transgressions against our records for anywhere from three to call home years, based upon state law and individual company policy. Two or more transgressions or a mix of two or more moving violations and reported at-fault accidents may well not only substantially increase your rates, but will also force you to stick with the same company, paying its high premiums, with the aspiration of to not get canceled and thrown into the assigned risk pool, where it can be even worse.

For example, suppose you’re a New York State driver who received a speeding ticket during a winter visit to Florida and that you then slid on the ice on the way home, causing $2,000 injury to your car, which you reported in your insurance company.

For example, if you were separated or divorced last year but forgot that you were still paying a $600 premium based on a two-car family, you’d be eligible for an immediate rate reduction to $250 (based on only your vehicle) and a premium refund of $560. If you have neglected to tell your insurance company for two years, you would be entitled to a $780 refund, and so on.

If your insurance carrier procrastinates or refuses outright to pay for the refund, a state insurance department (Consumer Affairs Division) will allow you to with a legitimate complaint. Being a last resort, there is a option of using the matter to some small-claims court or to your attorney. See sample letters A and B. My adage, a clean record today keeps the top rates away, is truer now than ever before. Since the creation of the computer age, all moving violations and reported accidents appear on your Department of Motor Vehicles (D.M.V.) Report even when they occurred out of state, while driving a borrowed or rented car, or while driving a company vehicle on the job.