Understanding Auto Insurance

All auto insurance policies involve a premium, which is the payment a customer makes to have auto insurance. Premiums for auto insurance can be extremely divergent and are determined by a number of factors. Gender is the major determinant for auto insurance premiums. Statistically, men are 80% more likely to be involved in an accident, and therefore have a greater need for insurance. Auto insurance premiums for men are higher than auto insurance premiums for women. Similarly, teenagers are considered high risk and will have to pay higher auto insurance premiums. The auto insurance premium can be reduced if the teenager takes a defensive driving course. Many states require teenagers to take defensive driving courses in order to obtain a driving permit and auto insurance.

It is customary for auto insurance plans to have a deductible that the customer is responsible for before the auto insurance provider offers coverage of expenses. Deductibles can have an effect on the coverage available under an auto insurance plan.

3 comments:

Anonymous said...

I have been reading your blog. I thought it's nice blog.


business insurance liability
charlotte auto insurance

Raizu said...

Term life insurance California also offers the universal life insurance which is considered to be the combination of both the term and whole life insurance. You pay your money and invest in the insurance policy and pay premium every month which gradually grows and increase in the couple of years and the time when any mishap occurs or if any case a person dies your family can get a benefit out of it.

CustomerService said...

usaa customer service