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Answered 2011-07-20 18:44:01

There are a multitude of high-risk car insurance companies, but it is best to compare their rates and decide on which is the best for your personal situation. Some will have a more expensive monthly charge, others will have a higher deductible.

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Why do so many insurance companies not practice in Massachusetts?

I live in Massachusetts and it is very frustrating that there are very few insurance companies operating in the state. Blame Massachusetts insurance regulations for this. Massachusetts insurance rates for auto insurance are determined by the Massachusetts Insurance Commissioner. Since insurers want to determine their own rates, many will simply not operate in the State of Massachusetts (Allstate, Geico, etc.). This rate regulation is great for Massachusetts residents, as we are not hit by sky high premiums as we once were, but it is a detriment in the fact that we are limited in the number of carriers available. high premiums are assigned to risky drivers - that's how insurance works. government do-gooders seeking to make things better as they often to, and failing as they often do, basically took away the power for insurance companies to price risk appropriately, so many simply left. by stating that the companies must charge x or can't charge any more than y, the following results: premiums for good drivers go up to cover the cost of paying for risky drivers risky drivers here will almost always be able to get insurance and note that it will never cost more than y. the moral hazard is here to continue the same risky behavior, perhaps do it even more often. the overall effect is that the risky drivers will likely be even more risky now. costs rises for the responsible driver because they subsidize the risky ones, and costs of business rises for the insurance company because they have to pay out claims more often because of the additional risk allowed by the subsidies. at the end of the day it's a great program in MA - if you are an irresponsible driver.


What car has lowest insurance rating for teen drivers?

The short answer is that cars are almost always rated by themselves and drivers are rated by themselves. The two ratings are then combined and additional factors are considered to come up with a final price. A better question might be, "What car has the lowest (best) insurance rating." That car will probably be the cheapest to insure for teen drivers and older drivers. Of course, teens will pay more for their insurance overall, because car insurance is priced on more than just the car itself. If a driver is considered to be more risky because of the groups the insurance company decides they are in (e.g. teens, drivers with tickets and accidents, males, drivers with poor credit, etc.), they are probably going to pay more. The links provide information most insurance companies use when setting insurance rates on different cars.


Can you get auto insurance for a previous year?

When you are obtaining quotes for auto insurance, this insurance provider will give you quotes effective the date you request. The date requested must be either the date of the quote, or a date sometime in the future. If you are requesting for auto insurance for a previous year, chances are you are trying to get proof of insurance for a period of time you did not actually have insurance. Insurers will not do this as it will put their company at risk for paying claims they should not be covering. Even if you are willing to pay backdated premiums, no insurance company will backdate a policy because it is both illegal and risky for them.


Can you get away with no home insurance?

If you don't have a mortgage you can do it but it's a very risky thing to do.


Virginia Car Insurance For High Risk Drivers?

The insurance game is one that is entirely driven by risk. Car accidents are very expensive for the insurance company. The numbers say that drivers who have a history of wrecks or tickets are more likely to be involved in a future accident. The logical conclusion for Virginia car insurance companies is that bad drivers in the past will cost them more money in the future. This is why they tend to charge bad drivers more money for insurance coverage. If you are a bad driver, then you will struggle to find affordable coverage with a reputable company. You will have to look much harder to find a good policy at a good price.What are the characteristics of a bad driver?Bad drivers are going to have to look much harder to find affordable insurance. How do you know if you are a bad driver? The mark of a bad driver is having many wrecks or tickets in the past. Insurance providers typically look at your record over a period of three years. If you have more than one citation during that time, then you can be tagged as a bad driver. If you have one major accident during that time, then you might draw the label. If you have gotten into a simple fender bender, then chances are that you will avoid the label. Different insurance providers have different rules on this.How bad do I have to be before I lose the ability to get insurance?Some people worry that their bad driving will eventually cost them the opportunity to get coverage. It is incredibly difficult to become so risky that an insurance carrier will deny coverage. Even people who have been involved in major accidents can get coverage. DUI drivers often get SR-22 insurance to cover their driving. The bigger concern is the price you will have to pay. After you have many accidents or citations, the insurance company will move you into a higher class of risk. This might mean paying the bad driver premium. Your insurance rates can jump significantly as you begin to get this label with insurance companies.


How risky is purchasing corporate bonds?

Bonds are a fairly risky investment if they're not backed by a strong company. If you're confident in the company the risks are not great. However if that company starts to fail the bonds can decline in value rapidly.


Is life insurance provided for homicide detectives?

Yes. If a person has a risky job or hobby that could be life threatening, then the insurance premiums are higher.


What would be a reasonable excuse for not having auto insurance for 2 months?

There is no such thing. If you can't afford gas to drive your vehicle, you can't afford to drive. Same with the insurance. If you can't afford to be responsible for injury/damage you might cause to others, you can't afford to drive. Insurance companies view uninsured driving as "risky behavior", and as such put those types of drivers into a category with other high risk drivers. That's why it will cost you a lot more money to get insurance after you've been driving without. Everything in the insurance industry is about risk and how much they should charge to take on additional risk.


What is the most risky stock to buy?

Chinese oil company stocks


How do risky investments influence businesses?

Risky investments make the company more vulnerable towards the market frictions. If the company is making risky investments - shareholders and debt-holders might require higher rate of return on their capital. Basically, the riskier the investment the more costly it is for the business.


Can I get life insurance on my 86 year old mother?

Sorry, no Insurance Company will oblige you and by issuing insurance policy on your 86 year old mother !Since her mortality rate is too high, it would be a risky proposition and therefore not permissible by law. You can opt for bank F.D. or postal products where life coverage factor is not involved.


The most risky jobs?

Fishing and Flying planes....Fisherman and pilotsTimber cutterDriversMine workers


What is a bad driving habit?

Something risky that might get you or other drivers injured. One example is tailgating the car in front of you.


Should your automobile insurance rate double when the car was totaled while someone else was driving with your permission?

From the perspective of the insurance company, you haeve participated in risky behavior by lending your vehicle to someone who wrecked your car. Doing so puts your policy into a category of high risk and as such your rates will go up.


What else can corporations do to protect themselves?

Isolate centers of the business that generate potential liability by starting new Corporations, LLC's, etc that contain those "risky" operations, or the most valuable assets. Insurance (actually over-insurance) is also a possibility depending on the size of the company and the specific risks, and the owner(s) goals.


What factors play into the cost of getting individual life insurance?

"Factors that play into the cost of getting individual life insurance are your age, health, average amount of money you make, who you're getting life insurance for and how risky you live."


Guide to Cheap Liability Car Insurance?

The term liability is a legal term that refers to a person's responsibility for injury or loss caused to another person or to another person's property. Each person who causes an accident is therefore legally liable for damages done to another person or their property. Liability insurance is coverage a car insurance company provides to its insured clients in the case that the insured causes an accident. Each state in the U.S. has enacted minimum liability car insurance laws that require drivers to pay for and carry liability insurance protecting those whom they may injure from damages. Most states have enacted minimum liability limits for the following: medical costs minimums for a single or multiple passengers property damage minimums The minimum coverage amounts required by minimum liability insurance vary from state to state, but drivers are typically required to pay for and maintain liability car insurance at a minimum. Stiff penalties are also levied on drivers who let their liability insurance lapse or fail to carry proof of that insurance in their vehicle. To obtain cheaper liability car insurance, drivers can follow these rules: Keep a clean driving record, free of speeding tickets, law enforcement traffic stops, and accidents. All of these can cause a driver's car insurance company to increase their liability insurance premium rates. Drive an older, safer vehicle. Car insurance companies rank the cost of car insurance premiums based on a variety of factors, but driving an older, safer vehicle is one of the ways drivers can obtain cheaper liability car insurance. Vehicles with lower horsepower are relatively less likely to be involved in accidents, so the statistics indicate that these vehicles are less risky to insure. Stay free of alcohol and drugs. A single DUI, or Driving while Under the Influence of alcohol or banned substances, can increase your liability insurance premiums dramatically. Cheaper liability car insurance can be researched over the Internet. With a great number of insurance companies, and brokers who represent a wide number of insurance carriers, making their coverage and premium rates available for comparison, consumers are now at a great advantage to shop around and obtain the least expensive liability car insurance.


How does commercial property insurance differ from residential property insurance?

Commercial property insurance is often higher because the space in question is being used for a business that may or may not fail. However, residential property insurance applies directly to the resident or owner and is less risky.


What is cost-plus in health care?

Cost-plus health care is a contract between an employer and insurance company. In the contract, the employer agrees to play cost and administrative fees under those employeesÕ claims that are classified risky by the health plan.


What is ''AIG''?

AIG stands for American International Group. It used to be the premiere insurance company in the United States, but due to credit default swaps and other risky investments, they are now mostly owned by the government (the government had to bail them out because of their financial trouble).


Are stocks of different companies equally risky?

No. Each company as an investment option carries a different level of risk


Why does an entrepreneur need to take insurance for their trades?

Because its really a tough and risky job so that he have to take care of his goods for the future remedies..


What does the idiom to walk the company line mean?

Walk the company line, take the company line, stay on the company line is an employee of a company that does not try anything that might be offensive, risky or outside strict company guidelines. A yes man, does what he's supposed to do. Does nothing creative.


Is risky a verb?

No it Isn't Risky is an adjective


Is playful a synonym for risky?

No, playful is a synonym for frisky, but not for risky. A synonym for risky could be perilous.


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