0
Because, by and large, the risk factors upon which the premium was based have not changed. For example, your driving history (a risk factor) is not affected by a change in value of the car, nor is the usage of the car (personal or commercial-another risk factor), nor your location (still another risk factor).
However, were the value of the car to decline to the point that it might make sense to eliminate collision coverage (which pays for the repair of the car in the event of a collision), the premium will decline due to the elimination of that coverage. If you do that, you are essentially self-insuring for the cost of repair that collision coverage might otherwise pay.
What else can I help you with?
What are some typical rates for allstate home insurance?
"Rates for homeowners insurance will vary depending on the type of insurance you purchase, the amount of coverage you choose, and the cost of your deductible. Rates are also based on the fair market value of the property and can fluctuate from year to year."
Where can one compare life insurance rates?
iSelect is a website that compares life insurance and the rates associated. IntelliQuote also compares life insurance rates, as does Compare The Market.
What companies offer affordable auto insurance rates?
The companies that offer affordable auto insurance rates are Tesco Bank, Asda Auto Insurance, and Direct Line Car Insurance. One can also compare rates of insurance from different car insurance companies, in order to get an affordable rates.
Can driver's ed lower insurance rates?
Yes, they can help lower insurance rates, but not usually by a lot. Also female insurance rates are usually lower than male ones.
Where can I compare car insurance rates online?
Geico.com and Insurance.com lets you compare car insurance rates. You can also go to Progressive.com to compare rates.
Where may I find low rates for auto insurance?
Allstate offers low rates on auto insurance. You can also try State Farm insurance.
Where can one learn about insurance rates?
One could learn about insurance rates by talking to friends and family. One could also learn by calling different insurance companies to get different rates.
What rates of insurance do CIC offer?
The rates of CIC vary from state to state. In Pa. rates as low as 19.99 for Auto Insurance may be possible. Health insurance also varies from state to state.
Where can a register of commercial insurance rates can be found?
A register of commercial insurance rates can be found directly from the insurance websites. These company websites include "Geico" and also "gocompare".
Why are woman's car insurance rates lower than men's rates?
Women's car insurance rates are lower than men's insurance rates because women are less likely to have a DUI. Women are also less likely to have a moving violation.
What kinds of insurance does Pi Insurance Company have and what are thier rates?
You can get information about Pi Insurance company's rates and insurance available by calling thema t +44 (0)1323 648000 as they are based in the UK. You can also get rates and information at their website at http://www.professionalinsuranceagents.co.uk/.
What company has cheaper car insurance in South Carolina?
Geico offers cheap rates in your area. You can also try Allstate insurance for cheap rates.
