Comments on: How Car Insurance Rates Are Calculated http://www.savingadvice.com/blog/2006/07/17/10722_how-car-insurance-rates-are-calculated.html Bridging the gap between saving money and investing Sun, 08 Nov 2009 05:10:53 -0800 http://wordpress.org/?v=2.8 hourly 1 By: Ted Monit http://www.savingadvice.com/blog/2006/07/17/10722_how-car-insurance-rates-are-calculated.html/comment-page-1#comment-406692 Ted Monit Wed, 27 Aug 2008 05:35:47 +0000 http://www.pfadvice.com/?p=722#comment-406692 It’s not fair, but it’s real. I pay more premium than the guy who lives across the street from me. It’s totally unfair. I’m hoping that all the states start adopting the new laws installed in California. But till then, I keep reviewing my car insurance every year. I found a pretty good deal recently—just comparing quotes from different insurance companies. It’s not fair, but it’s real. I pay more premium than the guy who lives across the street from me. It’s totally unfair. I’m hoping that all the states start adopting the new laws installed in California. But till then, I keep reviewing my car insurance every year. I found a pretty good deal recently—just comparing quotes from different insurance companies.

]]> By: pfadvice http://www.savingadvice.com/blog/2006/07/17/10722_how-car-insurance-rates-are-calculated.html/comment-page-1#comment-39372 pfadvice Mon, 23 Apr 2007 22:18:36 +0000 http://www.pfadvice.com/?p=722#comment-39372 Unfortunately, it's very common. As mentioned here, the law was recently changed in CA because a lot of people didn't think it was fair, but it is still common practice across the US. Unfortunately, it’s very common. As mentioned here, the law was recently changed in CA because a lot of people didn’t think it was fair, but it is still common practice across the US.

]]> By: J.B. Jackson http://www.savingadvice.com/blog/2006/07/17/10722_how-car-insurance-rates-are-calculated.html/comment-page-1#comment-39340 J.B. Jackson Mon, 23 Apr 2007 20:25:36 +0000 http://www.pfadvice.com/?p=722#comment-39340 Recently I purchased a condo in a older neighborhood.I had been a renter for years and saw an opportunity to purchase a home due to the low inerest rates.I have had the same insurance company for many years, paid and enjoyed low rates. I am over fifty with an excelent driving record.Recently I notified my insurane company of the change in address.The first thing I was asked was what is your zip code? You would not believe the rates I was quoted!! I was almost floored. I was told that the reason my rates went up was due to the area I lived in.(Texas) Has anyone ever experienced this before? Since when does someone else's drving record reflect how much you pay? Is this fair? J.B Recently I purchased a condo in a older neighborhood.I had been a renter for years and saw an opportunity to purchase a home due to the low inerest rates.I have had the same insurance company for many years, paid and enjoyed low rates. I am over fifty with an excelent driving record.Recently I notified my insurane company of the change in address.The first thing I was asked was what is your zip code? You would not believe the rates I was quoted!! I was almost floored. I was told that the reason my rates went up was due to the area I lived in.(Texas) Has anyone ever experienced this before? Since when does someone else’s drving record reflect how much you pay? Is this fair?
J.B

]]> By: fivecentnickel.com http://www.savingadvice.com/blog/2006/07/17/10722_how-car-insurance-rates-are-calculated.html/comment-page-1#comment-4633 fivecentnickel.com Sat, 22 Jul 2006 03:30:44 +0000 http://www.pfadvice.com/?p=722#comment-4633 <strong>Weekly Roundup - 07/21/06</strong> Here’s a quick look at some of the personal finance-related articles that caught my eye this week… First off, Jim got ripped off by a guy named Carl D. Grossman — this kinda makes makes my eBay problems look like small potatoes. Jim... Weekly Roundup – 07/21/06

Here’s a quick look at some of the personal finance-related articles that caught my eye this week…

First off, Jim got ripped off by a guy named Carl D. Grossman — this kinda makes makes my eBay problems look like small potatoes. Jim…

]]> By: Sky http://www.savingadvice.com/blog/2006/07/17/10722_how-car-insurance-rates-are-calculated.html/comment-page-1#comment-4507 Sky Mon, 17 Jul 2006 16:57:44 +0000 http://www.pfadvice.com/?p=722#comment-4507 I was recently in the position of changing my insurance, and wish I could have used the new law for my rates. I had been with 21st Century insurance for 5 years. For 3 of those years I lived in San Mateo, California where my premium was about $350 for 6 months. After I moved back to San Francisco my premium with 21st would have gone to $480 for 6 months. So I shopped around a bit and got my premium down to $280 for 6 months with Geico. One reason I believe Geico was able to give me a better deal is because of the questions they ask within their quoting system on their website. Questions that Geico did ask and 21st did not were whether I carpool or not and then how many days per week I drive to work. Geico also suggested because my car is older, 1993 Camry that I waive the collision and comprehensive. 21st did not have this option. I was recently in the position of changing my insurance, and wish I could have used the new law for my rates. I had been with 21st Century insurance for 5 years. For 3 of those years I lived in San Mateo, California where my premium was about $350 for 6 months. After I moved back to San Francisco my premium with 21st would have gone to $480 for 6 months. So I shopped around a bit and got my premium down to $280 for 6 months with Geico. One reason I believe Geico was able to give me a better deal is because of the questions they ask within their quoting system on their website. Questions that Geico did ask and 21st did not were whether I carpool or not and then how many days per week I drive to work. Geico also suggested because my car is older, 1993 Camry that I waive the collision and comprehensive. 21st did not have this option.

]]>