Influence factors of automobile insurance price

"The United States and second master" Ji LingxuReprint

"The United States and second master" Ji LingxuIntroduction: the young students of automobile insurance in general more expensive. I give two examples to give everyone a digital concept:

1 two days ago, I helped a 19 year old male freshmen to purchase the new car and insurance. The car cost $twenty-five thousand, insurance (Quan Bao) 6 months to $1800;

2 another of my students to buy more than $9 cars, car insurance for 6 months to $3700. the students drive soon there were driving accidents, responsibility on himself, so his insurance rose. (please refer to the relevant post:Http://blog.sina.com.cn/s/blog_94e5de7801018whd.html)

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The original question: how many Americans a year car insurance? Gu Qing

 A reader asked: "a $25000 car, the average America people will spend money to do insurance?" how to answer this question I had a thought, because without him, because the car insurance and premium factors involved too much, is very complex, non in two words or three can be said clearly. However, in order to meet the requirements of readers, I still would like to have my understanding of the situation and experience you buy car insurance, give the reader will be presented a simple.

First talk about the last time I bought the car insurance. I have two cars, a car is a Japanese car, new car price 22000 dollars, has opened 7 years; one is America car, new car prices more than 35000 U. S. dollars, car at the age of 8 years, two cars a year of insurance premium (full insurance, the concept behind would explain) $1360. The Japanese car insurance premium of $780, America car insurance premium of $580. A few months ago I plan cash for clunkers, so will the Japanese car, immediately notify the insurance company, told me there was only one car, ask them to recalculate the premium. The insurance company told me, the new premium is $1130 a year. I be startled at, in my opinion, the Japanese car premium than USA car is also high, so the new premium I should at least cut in half, not only lost 230 dollars, so he asked the insurance company representative on the phone, whether or not they miscalculated. The insurance company representative said, no wrong, because I had two cars, now turned into a car, this car rate than before the increase many, therefore the accident opportunities also increased, so the car's premium than before you. The insurance company to make money, their own logic, sometimes also sounds a little bit of truth. Above this experience of purpose, hope readers understand, premium, even in the same car, the same owners will be different, one can imagine, which relates to many factors.

In the automobile insurance, there are some of the main factors deciding the premium price:

A: the owner and driver, which is the main factor to determine the premium level. In the models, the insurance amount is the same, different owners, cost drivers can make a big difference, sometimes the difference between a times more than, mainly involves the gender, age, educational background, academic achievement, whether had a car accident, was a traffic ticket. Generally speaking, in the past 3 years (some of the insurance company for 6 years) got a traffic ticket, a traffic accident owners premium is higher; older (over 55 years), the female and the education level, the premium is relatively low, because from the statistics, these people drive prudent; young people (under 25) premium is high, because these people are most likely to break the traffic rules or traffic accidents; if one is students, good than poor premium is low, because the insurance company's eyes, good student drove not so fierce.

Two: amount of insurance. Insurance for the premium level also played a big role, the insurance amount is the higher, since the payment is lower, the premium on the more expensive, the better understanding. However, in addition to a height difference between insurance, car insurance and half with full insurance of insurance premiums, half than the guaranteed cheap at least three into. The so-called semi protection (Liability coverage) mainly refers to when the accident occurred, if the owner or driver's responsibility, repair and compensation insurance company is only responsible for each other the crashed car, not responsible for the owners of their own car repair costs, that is to say in half the cases, the main if the car crashed his car the insurance company is, regardless of the. Full coverage (Full coverage) refers to when the accident occurred, even if it is the responsibility of the owner, the insurance company will be responsible for the car repair, compensation. Generally speaking, the new car will be handled most full, while the car for half the relatively high ratio. According to the law America States, owners must buy half insurance, do not buy half the shall not apply for license plate; and whether or not to purchase insurance from the owners to decide. Such provisions, is to ensure that all cars have insurance, whether it is half or full insurance.

Three: the factor of the automobile itself. The price of the car, car, car age even color, will affect how much premium. The price of your car, sometimes not necessarily cheaper premium than your car; car also does not necessarily than your car insurance premium. Because the new car, the car anti-theft device, safety device, so it is safe. Different models will also affect the premium, high rate of car theft, the premium will be expensive; in addition, the color of the car will also affect the premium, some insurance companies on specific models with bright colors such as red, yellow car, car charge more expensive, because love red car, character is bold, when driving the less cautious.

Four: the area factor. The same car, the same owners, the same insurance and insurance, if in different regions, the premium will be very different. The insurance company will make the region premium standards according to each area of the accident rate, the rate of car theft, roughly speaking, city than in the country premium is high, big city than in a small city premium, premium car congested areas than less crowded regions of the premium is high, high population density areas than in low population density areas premium.

Five: the insurance company. In all the above conditions are the same, different insurance premiums is not the same. USA is a private car power, according to the Bureau of transportation statistics USA information, private cars in 2009 USA owned 254000000 vehicles; according to population statistics in 2010, America has a population of 308700000, according to the calculation, the private car ownership rate is about 82% americans. American private cars so much, the car insurance has become a huge industry. Many insurance companies to compete for customers, the launch of the different premium preferential terms, the premium is not the same.

The above said, just about auto insurance, each person, each vehicle is different, so the premium may differ in thousands of ways. According to the National Association of insurance (National Association of Insurance Commissioners) statistics, in 2009 the average annual premium per car for $785, with $789 in 2008, roughly $795 in 2007 as the. Different from state to state, Washington, the highest premium, for $1128, followed by $1101 in New Jersey, Louisiana Lewis $1099, $1057 in New York, Delaware, Florida, $ 1021, $1006, which states that the premium, are higher than the national average of two into the above. The premium is the lowest in North Dakota, for $510, then the South Dakota, Iowa, $ 521 $532 $555, Idaho, Nebraska and California $559. These states premium, almost half of that is the most expensive state.

USA 2.54 million private cars, the average premium per car for $785 a year, the insurance company a year of automobile insurance premium income of $199400000000, is a lot. However, according to my personal experience, insurance company charges although many, but the customer service was good, the compensation is very "generous". My car has been hit two times, each time the insurance company to claim report, will send professionals to check, on the spot repair project detailed list, the estimated total cost of repairs, from my choice is to find their own garage to repair or insurance company designated repair garage. I choose to find a garage, insurance companies and their valuation to send the check, and tell me if I am looking for a garage repair costs above their valuation, please call the insurance company, they will negotiate with the garage, have a look what is undervalued or repair costs are too high. However, the two repair costs than the insurance company the amount of compensation is low two, so it is more than a sum of money, according to the provisions of the money is not returned to the insurance company, I will be that much as a "spiritual compensation," pocket for security.

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