May 26, 2015
Are red cars more expensive to insure because they get pulled over more often than other colored cars? Nope. Your insurance company won’t take car color into consideration when it determines your premium.
Because small cars are usually driven by less experienced drivers, and because claims filed that involve small cars usually involve more injuries, small cars are not necessarily cheaper to insure. Small to mid-sized SUV’s and minivans are usually the least expensive to insure.
Older cars are stolen for parts more often than new cars, so coverage for theft should not be overlooked if your car isn’t brand new.
Your insurance policy uses the current fair market value to determine the value of your car if it is totaled, and this may be considerably less than what you owe if your loan was substantial and enough time has passed.
In general, it is believed that those with better credit scores tend to be better drivers and file less claims, so insurance companies can and will look up your credit history when determining your premiums.
The opposite of this is usually true. Once a driver reaches age 55, they can take a driving test to lower their rates. Younger, less experienced drivers most frequently have higher rates.
When you first sign up, the insurance company will know about any tickets, but as long as you don’t change insurance, get into an accident, or let your insurance lapse, then chances are they won’t know about your speeding ticket.
You and your insurance are responsible for anyone in your car. If you let someone else drive your car, you do so at your own risk.
Liability insurance covers damages to other cars and drivers, not yours. Comprehensive and collision insurance will protect you and your car but are not required additions to coverage.
The best way to secure a low rate is to shop around. Your rate cannot be protected by loyalty to a company.
1622 S. Gaffey #104
San Pedro, CA 90731
C & S Insurance
3220 Sepulveda Blvd #202
Torrance, CA 90505