Do You Know What Determines Your Car Insurance Rate?
We bet you’ve wondered how car insurance premiums are calculated. Do you ever have discussions with friends of similar age and driving history and find you’re all paying very different premiums for what would appear to be similar coverage?
Insurance premiums are based off of many factors, all of which play a role in your total premium for your auto insurance. A single difference of any of these can give dramatically different outcomes. Some factors insurance companies use to calculate premium can include:
- Gender, age & marital status
- What’s your past driving history?
- What’s your claim history?
- Your Zip Code where the vehicle is garaged
- Your credit score
- How many miles you commute
- Will you or do you have other policies with the same insurance carrier such as home or renters insurance?
- Are you currently insured?
- What types of overage do you want? What limits?
- What limits did you have on your previous insurance policy?
- Type and age of vehicle being driven (think safety equipment)
Insurance companies do their best to determine a premium for your situation and calculate a premium that will be profitable for them. It may surprise you to know that many insurance companies try to earn just a few cents on each dollar of premium they collect.
While it is impossible to guess what you are going to be paying each year, you can improve your odds of getting a great rate and terrific coverage by calling a local independent insurance agent. A-Accelerated Insurance represent multiple insurance companies, so we can provide you with comparison quotes from several of the top insurance companies in your Louisiana.
If you have questions about your car insurance, call A-Accelerated Insurance. Because we are a local insurance agency, we live where you do and understand the unique options you have in Monroe, Louisiana. With years of insurance experience, we can easily help you insure everything from home to your auto or SR 22. Because we are an independent insurance agent, we can help you find the right company to fit your needs. You can also check out our website, 24/7.
A Accelerated Auto Insurance was founded in 1992 by a group of independent insurance agents. Their vision was to provide affordable auto insurance rates to all customers regardless of driving record or credit history. This vision allowed them to quickly build a large, loyal customer base. In 2006 Jared Fuller began his career with Accelerated Insurance as a customer service representative. Over the next 10 years Accelerated expanded its reach to offer home and business insurance in addition to auto. In 2015 Jared’s wife, Cristy Fuller, also started working for the company. During the year 2016, they became the sole owners of Accelerated Insurance. Advances in technology allow Jared, Cristy, and a small staff to continue to grow while still providing excellent service to their existing policy holders. They continue to maintain the same vision of savings and service for Northeast Louisiana.
