Any moving violation that can cause your license to get suspended is cause for your insurance to get pushed up to the high
risk auto insurance group.
Not exact matches
Teenage boy will pay more than just about any
group as they present the biggest
risk to
auto insurance agencies and they are the cause or involved in the most accidents on the road.
Teenage
auto insurance rates are priced higher as immaturity and inexperience make them a high
risk group.
A wholly owned subsidiary of Warren Buffett's Berkshire Hathaway, GEICO has traditionally provided
auto insurance and other
insurance to preferred low -
risk demographic
groups (such as government and military employees) but has also begun to sell to nonstandard (high -
risk) drivers.
Drivers under the age of 25 Drivers who are under the age of 25 have the highest premium rates because
auto insurance companies believe that these
group have a higher
risk of committing traffic violations which will make them more prone to accidents and car damages.
Young drivers are generally inexperienced behind the wheel and are known for being high -
risk by
auto insurers, which helps to explain why
auto insurance premiums are so high for this age
group.
These
groups are used to gauge the financial
risk a particular vehicle poses to the
auto insurance provider.
Most
auto insurance providers will place a vehicle into one of three
groups: low -
risk, mid-
risk, and high -
risk.
Costs for
auto insurance policies vary according a number of factors, including the
risk group the policy holder falls into, the type of car to be covered and type of coverage selected.
The
risk group determines what your
auto insurance rates will be.
US
auto insurers engage the service of actuaries who are qualified
risk assessors to develop their list of hazards, though in the case of
auto insurance this list is generally fairly constant though
risk mitigation that may reduce the impact of a hazard (such as anti-theft recovery devices) may offer a modification of a hazard or
group of hazards.
Teens and young drivers are inexperienced behind the wheel and statistics show they, as a class in whole, are more likely to be in accident than other age
groups, which makes them a high
risk to
auto insurance providers.
Based on statistics,
auto insurance companies favor these
groups as safer and more low
risk:
There are
insurance providers which offer discount to
group auto insurance customers if they have their cars parked in a basement, as that reduces the
risk of damage to cars due to natural disasters.
This is due, in large part, to the consumer
group's claim that it had clear evidence that Allstate, the nation's third largest
auto insurance company, was basing its premiums on «marketplace considerations» rather than on driver
risk.
Business
Auto Insurance Business Income
Insurance Builders
Risk Insurance Business Owners
Insurance Workers Compensation Property
Insurance General Liability
Insurance Professional Liability Crime
Insurance Garage Liability
Insurance Marine
Insurance Inland Marine
Insurance Flood
Insurance Group Medical
Insurance Group Long term Disability
Group Life
Insurance
Greenway
Insurance represents AAA
Insurance Company, American Modern
Insurance Group,
Auto - Owners, CNA, Dairyland, Foremost
Insurance Group, Infinity, Mercury
Insurance Group, Progressive, Safeco
Insurance, The Hartford, Travelers, Utica National
Insurance Group, Zurich, and a host of surplus line markets for the most unusual
risks.
One carrier may specialize in a particular
group of people (such as military personnel, seniors, or high
risk drivers, for instance), while another
auto insurance company might focus on some other demographic.
The reason or this is because
auto insurance companies consider delinquents and non-payers to be in a higher
risk group.
Group auto insurance lessens the effects of an accident on an
insurance policy by essentially spreading out
risk.
Groups participating in
auto insurance in this manner can save money because as stated previously, the
insurance provider is able to spread
risk out across the organization and also save money on administrative costs, and those savings are passed on to the
auto insurance group.
This is because a lot of
auto insurance providers, put teens and students in their early twenties, in the high
risk groups.
Foremost
Insurance Group is a single source for property and casualty insurance and offers moderate to high - risk programs for auto and property, as well as manufactured home, motor home, travel trailer, luxury motor coach, vacant property, seasonal property, landlord and rental properties, motorcycle, off - road vehicle, snowmobile, boat, personal watercraft and collecti
Insurance Group is a single source for property and casualty
insurance and offers moderate to high - risk programs for auto and property, as well as manufactured home, motor home, travel trailer, luxury motor coach, vacant property, seasonal property, landlord and rental properties, motorcycle, off - road vehicle, snowmobile, boat, personal watercraft and collecti
insurance and offers moderate to high -
risk programs for
auto and property, as well as manufactured home, motor home, travel trailer, luxury motor coach, vacant property, seasonal property, landlord and rental properties, motorcycle, off - road vehicle, snowmobile, boat, personal watercraft and collectible
auto.
This is because young drivers are classified as the highest -
risk group of drivers by
auto insurance providers, owing to reams of statistics gathered over many years pointing to high rates of accidents and other infractions.
A company will approach a
group ready to give
group auto insurance discounts to every member regardless of whether they are high
risk drivers or not.
Applicants who are less than 25 years of age will have to pay more on
auto insurance premiums as they are considered to belong to the high
risk groups.
Auto & Home - Bond's - Free Phone Quotes - General Liability - High
Risk & Preferred - Individual &
Group Health - Low Monthly Payments - Retirement - Titan
Insurance
Home
Insurance,
Auto Insurance, Umbrella
Insurance, Builders
Risk Insurance, Pets Best
Insurance, Business
Insurance, Professional Liability
Insurance (E / O), Health
Insurance (both individual, small / large
group and medicare options), Life
Insurance, Disability
Insurance, Travel
Insurance, Inland Marine
Insurance, Bonds (all types)