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    Edmonton Car Insurance Rewrite2

    Uploaded by

    Ruselle
    The document outlines 7 key factors that influence car insurance premiums and rates: 1) The type of car owned, as more expensive cars to repair will result in higher rates. 2) The power of the car's engine, as more powerful cars are considered higher risk. 3) Completing a safety course can result in discounts. 4) The location where the car is driven, as certain areas are considered higher risk. 5) The age of the driver, as younger drivers are typically higher risk. 6) The driver's credit history, as insurers now check credit reports. 7) The driver's record, as poor driving histories increase rates.

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    Edmonton Car Insurance Rewrite2

    Uploaded by

    Ruselle
    64 views1 page
    The document outlines 7 key factors that influence car insurance premiums and rates: 1) The type of car owned, as more expensive cars to repair will result in higher rates. 2) The power of the car's engine, as more powerful cars are considered higher risk. 3) Completing a safety course can result in discounts. 4) The location where the car is driven, as certain areas are considered higher risk. 5) The age of the driver, as younger drivers are typically higher risk. 6) The driver's credit history, as insurers now check credit reports. 7) The driver's record, as poor driving histories increase rates.

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    The document outlines 7 key factors that influence car insurance premiums and rates: 1) The type of car owned, as more expensive cars to repair will result in higher rates. 2) The power of the car's engine, as more powerful cars are considered higher risk. 3) Completing a safety course can result in discounts. 4) The location where the car is driven, as certain areas are considered higher risk. 5) The age of the driver, as younger drivers are typically higher risk. 6) The driver's credit history, as insurers now check credit reports. 7) The driver's record, as poor driving histories increase rates.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    64 views1 page

    Edmonton Car Insurance Rewrite2

    Uploaded by

    Ruselle
    The document outlines 7 key factors that influence car insurance premiums and rates: 1) The type of car owned, as more expensive cars to repair will result in higher rates. 2) The power of the car's engine, as more powerful cars are considered higher risk. 3) Completing a safety course can result in discounts. 4) The location where the car is driven, as certain areas are considered higher risk. 5) The age of the driver, as younger drivers are typically higher risk. 6) The driver's credit history, as insurers now check credit reports. 7) The driver's record, as poor driving histories increase rates.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    8 Factors Influencing Car Insurance Premiums and Rates

    Having your own car is amazing. You’ll definitely feel freedom and power by driving your own fast
    vehicle. It defies independence and energy. However, driving is dangerous and insuring your car will
    cost you few dollars. Compare to other vehicles, they have more factors that influence the insurance
    policy rates and premiums. The following are the lists of factors impacting car insurance policy rates
    you’ll pay.

     The type of your car – The kind of car you’re using will affect the insurance rates according
    to some agents at Calgary car insurance company. They believe that risks on accidents are
    not the only thing to consider but the age and model as well. Cost of repair is determined
    whether your car is new or not.

     Power of your engine – Engine displacement typically affects the rate of your policy. Bigger
    cars are powered by larger engines. Plus it’s proven that high speed cars are more risky on
    the road and are prone to accidents.

     Safety Course certification – Other policy provider like Edmonton car insurance company
    gives discounts if you will provide a certification from Safety Course. Passing a driving
    safety course means reduced risks of accidents. This is definitely a great help and you can
    check out Safety Foundation to ask information about safety courses.

     The place you live – Getting free insurance quotes require this information. It’s bizarre but
    insurers look at this as an impacting factor. Places that are colder much of the year have a
    lower premium rate than places that are warmer. The reason behind this is that cars are rarely
    used if the area you live in is literally frozen.

     Age – Car insurance premiums and rates are definitely affected by this factor. For some
    definitive reason, getting free insurance quotes requires this information. Basically teenagers
    and young adults are costly to insure because they’re reckless, inexperienced drivers.
    Common vehicular accidents usually involve teenagers. However passing a safety course will
    help.

     Credit line – Edmonton car insurance providers are now taking background check on their
    client’s credit standing. Then they will factor it out with the premium rate of the car
    insurance that the client wants to buy. You can’t avoid questions on legalities but this is for
    the common good.

     Driving Record – Don’t ignore this factor. Bad rates are brought about by bad driving
    records.

    Search and shop for the car insurance that suits your budget.

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