« 中国独特词英文表达 | Main | 一些英文俚语 »
November 24, 2005
Car Insurance Myth vs. Reality
http://www.progressivedirect.com/insider/myths.asp
Summary:
Each state has an insurance regulator that monitors the companies operating within that state. Insurance companies tell the regulators how they calculate rates, and they do not deviate from the filed rates. If they do, they're fined. Rates vary among companies because they're based on each company's actuarial data and the cost of doing business.
If your cheaper car has a large engine, weighs a lot or is an unusual model, it might cost more to insure than a more expensive small car. However, if you have a cheaper car, you will pay less for Comprehensive coverage, which covers damage caused by vandalism, hail, fire or animal accidents.
An accident can make your rates go up, even if it's not your fault.
Rates generally decrease at the age of 25.
If the person who drives your car doesn't have insurance and causes an accident, you could be held responsible for the damage, which could make your rates go up.
Posted by Roy at November 24, 2005 07:41 PM