Sunday, August 24, 2014

#63 PART 5

#63 PART 5








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company to help solve it.  And truly, they should jump in and offer you quick and easy support.   But a claim definitely caou? 
While there are truly a variety of factors, at Shine Insurance, we’ve got the inside scoop and we’re rea
One thing that most folks don’t realize is that your credit has a significant effect on your insurance costs.  So why?  Well, the botd about the consequences of a small claim.  Your agent should be able to help lay out the future costs associan raise your insurance premiums for the next 3-5 years.  How much depends on the kind of claim and the cost of the claim.
TAKE AWAY: Don’t be scared to use your insuraCommercials are constantly blaring at you about car insurance.  Famous people act silly, tell you buying from them will be easy, and beg for your business.  You finally make a decision and find comfort in the knowledge that, if you are in an accident, someone will step in and take care of you.
But how did they decide what to charge yted with your decision.
2. Credit
 behavior patterns.  Credit is the most accessible solution.
INTERESTING SIDE NOTE: There are other better ways for them totom line is that insurance companies don’t know you and they need some way to understand yourdy to share.
 1. Claims
A claim is the act of using your insurance and the reason you have it.  When you’ve just been in an accident, it’s time to ask the insurance nce when bad things happen, that’s why you have it.  But make sure you are well advise gauge whether you are responsible driver or not.  Many companies are offering discounts for attaching a mechanism to your car that monitors a variety of driving behaviors.  This truly is a better test of responsibility than your credit scor

Time you were with your prior company
Your prior liability limits
How long until your prior policy expiration date
Billing experience
TAKE AWAY:  Don’t let your coverage lapse.  In addition, make sure your agent knows you and asks all of the right questions to get you as many discounts as’s Education classes and work hard to get good grades.  Insurance companies use these as a way to offer discounts to younger drivers.
ke Driv
 5.  Prior Coverage
uble your insurance price tag.
TAKE AWAY:  Driving s” until your 25.
TAKE AWAY: TaInsurance companies want to know that you have driving experience.  The industry standard is 5 years.  You’ve heardafely really does save you money.
 4.  Driving Experience
e. However, most people feel it’s too invasive and for that reason it hasn’t really caught on yet.
 3.  Tickets
Whether you think it’s right or not, that speeding ticket doesn’t just cost the $100 you pay to the county.  A single ticket my not affect your premium much but, in combination with an accident or other tickets, it can easily dong “insurance gets cheaper when you turn 21.”  Well it’s not the age but the 5 years
 experience that really matters.  If you don’t get your license until your 20 then you will experience “youthful prices the old sayi
The most important thing about prior coverage is that you had some.  Companies don’t like to see any “lapse in coverage” even for a couple of days.  If it’s been more than 30 days, it can be tough to get good companies to offer you auto insurance at all.
But there are a lot of other small things about your prior coverage that can get you discounts as well.  Here are some:

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