Auto insurance companies do not just look at your vehicle when determining your premium; they also look closely at you as an individual and a driver.
#1 Your Age
Your age has a big impact on your insurance rates. Teenagers and young adults face higher insurance rates, with the magic age to start getting an age-related discount at being 25. That discount for age will not last your entire life. As you start to advance in your years, you may start to see an increase in your premium again, as older drivers are considered a little bit more of a risk to insure than middle-aged drivers.
If you are a small insurance agency, you may be worried about what you can do in order to keep your small agency going and maybe even growing, if at all possible. One of the things that you might do is to join an insurance network. Before you make the decision as to whether or not you are going to join a network, you need to know what some of the benefits are so that you can decide whether or not they work for you.
You probably know that your homeowners policy covers damage to your home from things like fire and extreme weather. However, homeowners insurance doesn't just cover home damage. In fact, it covers a wide range of costs and expenses, many of which you may not even think would be covered by a homeowners insurance policy.
Below are four such surprising costs. If any of these sound familiar, you may want to check with your homeowners insurance agent to see if you're eligible for coverage.
Insuring one's home isn't just something a person should do because it is required. In the event of a disaster that causes you to lose property of significant value, this insurance is the only thing that can help you to get back on your feet.
However, getting home insurance isn't as easy as going to any insurance agent and taking out a policy. There are other factors you have to take into account first.
Modifying a car changes its value and accident risk, which is why your auto insurance coverage might not extend to a modified car or the modified part. Here are some of the factors that determine whether your coverage applies to your modified car:
Reason for the Modification
The reason for the modification or what the modification will achieve is one of the premiere factors that determine whether it is covered or not.