WHAT INSURANCE COMPANIES REALLY DON’T WANT YOU TO KNOW!

WHAT INSURANCE COMPANIES REALLY DON’T WANT YOU TO KNOW!

THE FACTORS THAT CAUSES YOUR CAR
INSURANCE TO BE HIGH OR LOW IN COST:

Premiums are generally higher because of:

Premiums are generally lower because of:

  • Under 30 years of age
  • Your age is between 30 to 79
  • Single
  • Married
  • Own only one vehicle
  • Own two or more vehicles
  • Live in a rented place
  • Own property
  • Policy has Comprehensive coverage
  • A Liability Policy only
  • Policy has Collision coverage
  • Policy has higher than minimum Liability limits
  • Policy has minimum Liability State limits
  • Taken the NYS 6 Hour Defensive Driving Course
  • High school educated
  • College, Masters or higher educated
  • Low credit score
  • Good to excellent credit score
  • Licensed less than 3 years
  • Licensed 3 or more years
  • Do not have current auto insurance
  • Have maintained active auto insurance more than 1 year
  • Have points on your license
  • Clean driving record for 5 or more years
  • Have one or more accidents
  • Have no accidents in last 5 or more years
  • Live in Urban market (Downstate)
  • Live in Suburban market (Upstate)
  • How you use your vehicle
  • Use your vehicle on a limited basis
  • Drive your car more than 8,000 per year
  • Drive your car less than 7,500 per year
  • Do not have electronic billing/policy (paperless)
  • All of your transactions are electronic
  • No safety features (i.e., alarm, Lojack etc.)
  • Vehicle has safety equipment
  • Your vehicle Safety Rating is low
  • Your vehicle Safety Rating is very high
  • No company offered driver monitoring system
  • Accepts company offered driver monitoring system
  • Has a young driver on the policy
  • All operators are over 30 years of age
  • Only has one policy with the company
  • Has two or more policies with same company
  • Recent or active Suspension of license
  • Over 55 years old and retired
  • Non-professional occupation
  • Professional occupation
  • If you have an “A” student child in the household
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