Such calculator asks a series of questions; each response will be used as a variable to quote and determine the premium rate. Questions can be divided into two main categories including vehicle related information and personal information. Some of the most common questions you see in the car insurance estimator are listed below:
1. What is your age or date of birth?
Age plays a role in the overall rating. The insurance company considers high-risk drivers very young and senior citizens. The first group probably lacks experience, and there are many opportunities for young drivers to break some traffic laws, commit violations such as speeding, etc. The latter group probably has some limitations in terms of vision, hearing and driving skills, which means that the possibility of being involved in an accident also increases.
2. What is your profession?
The car insurance estimator uses drivers’ occupations to calculate accident rates. There is a statistic that suggests that some professions such as doctors, real estate agents, lawyers, business owners and salespeople are considered stressful jobs; insurers believe that stressful jobs affect concentration on driving. The calorie insurance calculator may determine a higher insurance rate based on this factor.
3. What kind of car do you drive?
Car model also affects insurance rates. The car insurance adjuster may treat luxury cars as the most expensive assets to insure. In the event of accidents, vandalism or theft, luxury cars are more likely to cost more to repair than their cheaper counterparts. Sports car with top speed and fast acceleration speed is also quite dangerous to insure, so insurance companies tend to pay more for such vehicles.
4. How many cars to insure?
The good thing is that the more cars listed on the same insurance policy, the more discounts you can get. The discount is based on the package option, so you may be eligible for other discounts if you also insure your home, health and life with the same company.
5. What is your address?
The car insurance evaluator uses your address to determine if you live in a certain area where the crime rate is considered high. You have to pay more to protect the car if you live in dangerous cities.
6. How many violations on your driving record?
A driving record is evidence where the DMV lists all previous accidents you’ve been involved in, traffic violations and any traffic tickets. Insurance companies use the data to determine whether you are a low-risk or high-risk driver.