Car Insurance Consumer Ratings

When you apply for automobile insurance you will not be provided with an automobile insurance policy until you have passed a consumer rating inquiry. The items needed in order for you to be rated are as follows:

• You will be asked your name, age, sex, and your marital status
• The company will need to know where you live
• The year and make and model of your automobile
• How much do you use your automobile
• Have you has insurance in the past and did you drop it or was it cancelled. If it was cancelled what was the cause of the cancellation?

The insurance companies have three basic categories that they assign to the drivers which are:

• Preferred – This is the kind of driver that would be considered the very best risk because they are safe drivers. A preferred driver will not have been involved in and accident or had any citations within the past three to five years. This is the applicant for insurance that will have the lowest premium rate.
• Standard – A standard type driver will probably be driving a family type car and have a fairly clean driving record. The standard category driver will pay a slightly higher rate than the preferred driver.
• Nonstandard – This category driver is considered a high risk and will pay the highest rate for their automobile insurance. They are usually under the age of twenty five years and have little driving experience. Other drivers are those that have had tickets and accidents. Considered a high risk is the driver that has a poor payment history with other insurance companies. Most important in the category is the driver that has had arrests for reckless driving or a history of drunk driving.

The consumer ratings questions asked are for underwriting purposes only. Because you are making application with a particular company does not mean that you will receive coverage from that company.

There are many paths you can take to lower your premiums but perhaps the most important is your driving records. The higher premiums are usually paid by those that have had recent accidents or violations. When making application for insurance be sure to check your driving record with the insurance agent because an error in the application can have bad results. An error may result in costing yu more money or in the termination of your current insurance policy.

If you have been involved in an accident in which you were charged, or if you were involved in a serious traffic violation for which you received a ticket your current insurance carrier can charge you a fee called a “surcharge.” Such a surcharge must be filed with the OCI and the insurance carrier may, in addition, cancel your present insurance at the renewal time, especially if these violations and records go over the insurance carrier’s standards.

All insurance carriers use this same, or similar, consumer rating system when someone applies for insurance with them. Car Insurance Consumer Ratings

When you apply for automobile insurance you will not be provided with an automobile insurance policy until you have passed a consumer rating inquiry. The items needed in order for you to be rated are as follows:

• You will be asked your name, age, sex, and your marital status
• The company will need to know where you live
• The year and make and model of your automobile
• How much do you use your automobile
• Have you has insurance in the past and did you drop it or was it cancelled. If it was cancelled what was the cause of the cancellation?

The insurance companies have three basic categories that they assign to the drivers which are:

• Preferred – This is the kind of driver that would be considered the very best risk because they are safe drivers. A preferred driver will not have been involved in and accident or had any citations within the past three to five years. This is the applicant for insurance that will have the lowest premium rate.
• Standard – A standard type driver will probably be driving a family type car and have a fairly clean driving record. The standard category driver will pay a slightly higher rate than the preferred driver.
• Nonstandard – This category driver is considered a high risk and will pay the highest rate for their automobile insurance. They are usually under the age of twenty five years and have little driving experience. Other drivers are those that have had tickets and accidents. Considered a high risk is the driver that has a poor payment history with other insurance companies. Most important in the category is the driver that has had arrests for reckless driving or a history of drunk driving.

The consumer ratings questions asked are for underwriting purposes only. Because you are making application with a particular company does not mean that you will receive coverage from that company.

There are many paths you can take to lower your premiums but perhaps the most important is your driving records. The higher premiums are usually paid by those that have had recent accidents or violations. When making application for insurance be sure to check your driving record with the insurance agent because an error in the application can have bad results. An error may result in costing yu more money or in the termination of your current insurance policy.

If you have been involved in an accident in which you were charged, or if you were involved in a serious traffic violation for which you received a ticket your current insurance carrier can charge you a fee called a “surcharge.” Such a surcharge must be filed with the OCI and the insurance carrier may, in addition, cancel your present insurance at the renewal time, especially if these violations and records go over the insurance carrier’s standards.

All insurance carriers use this same, or similar, consumer rating system when someone applies for insurance with them.