November 5, 2010 - Buying auto insurance can be a confusing process for car owners with many insurance companies on the market that have a variety of policies to choose from. It may be important for applicants to understand the process before purchasing a policy.According to the National Association of Insurance Commissioners (NAIC), there are two factors that determine how much an individual pays for car insurance: underwriting and rating.Insurance companies underwrite policies to determine the risk related to the potential policy holder. At the end of the underwriting process, a rating is determined that indicates the price the insurer thinks it will cost to insure that person's potential claim.NAIC states that the most important consideration in the rating process is claim frequency, which measures how many times a claim occurs within a group. A person possessing tendencies similar to high claim groups will have to pay more.Some of the factors that impact rates are: a person's driving record; geographic location, urban areas are considered riskier than rural ones; age, certain age groups have more claims; and make and model of the vehicle.The Maine Bureau of Insurance advises that when people are comparing insurance providers and getting insurance quotes, it is important that they give the same information to each company to be able to accurately compare their coverage.
Chris Brown pleases ex-neighbors, lists West Hollywood penthouse for sale
While singer Chris Brown was seen moving boxes into a new Los Angeles area home a couple months ago, Realtor.com says he has now listed his former West Hollywood property for sale.
Friday, May 25 2012 12:16
Actor Josh Hutcherson moving into former home of Heath Ledger
Hunger Games fans may be excited to hear that actor Josh Hutcherson may be calling for moving services, as news sources report he recently purchased a home in Hollywood Hills.
Friday, May 25 2012 12:15
Hockey player Patrick Sharp buys home in Chicago
News sources report that Chicago Blackhawk Patrick Sharp may be calling for movers, as he recently purchased a home in the Lakeview neighborhood of Chicago.
Thursday, May 24 2012 17:27
Actor Eddie Murphy finally sells home in New Jersey
News sources report that comedian and actor Eddie Murphy has finally sold his home in Englewood, New Jersey.
Wednesday, May 23 2012 15:26
Celine Dion selling private island complete with mansion
News sources across the globe are reporting that singing sensation Celine Dion has listed her private island complete with a mansion for sale.
Tuesday, May 22 2012 16:03
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How Can I Save Money on My Move? Got your moving quote and want to save some bucks? Here are a few ideas from moving expert Karen Tooley.
