Category Archives: Insurance

6 Key Factors that Affect your Auto Insurance Premium – Know More

6 Key Factors that Affect your Auto Insurance Premium – Know More

An auto insurance applicant needs to bear a premium worth $800 on an average every year. Few individual factors leave a sharp impact on your insurance rates. The final rate is affected by a number of such risk factors. Instead of analyzing someone’s driving record, these factors help in determining risks.

Consider few key factors that help determine your premium rates:

Driving History

This is one factor that helps all drivers to determine the policy cost. If the driving history of an individual projects accidents in the past, then he’s more likely to be part of such mishaps in the future. Insurers consider you to be a lesser risk if you haven’t been through such instances and may offer lesser premium as a natural outcome. Your insurance rates are bound to be affected by certain on-road infractions like that of speeding tickets. You might need to carry a special coverage if the driving history reflects a road mishap.

Driving Frequency

Your risk of being involved in an accident tends to increase when you spend more hours on the road. Your premium costs may prove to be higher when you cover long distances in your car.  The risk element decreases in the eyes of the insurer when you drive the car for only once or twice. It has a positive impact on your premium rate. The insurance providers are known for seeking mileage each year.
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What is the MWP Act? Why Buy Life Insurance Under the MWP Act?

What is the MWP Act? Why Buy Life Insurance Under the MWP Act?

The Constitution of India has many provisions to protect the rights and interests of women. One of these being the Married Women’s Property Act. Let’s try understanding this act and the benefits it provides a little better. Imagine this scenario, a 40-year-old woman with 3 daughters realizes her husband’s business is running in a loss.… Continue Reading

How to Find the Best Car Insurance

Car insurance is a necessary part of owning a car. It’s required by law that every vehicle on the road is insured, in the event of an accident. Car insurance can also insure against many other risks. It’s important to understand what each insurance company is offering you. The cheapest insurance may not always be… Continue Reading