Insurance Reviewer Cynthia Burleson is Director of the Center for Insurance and Risk Management and a lecturer at the University of Central Arkansas. Burleson earned a master’s degree in business administration and holds the AIDA, CRM, CPCU, CIC, ACP, and ACSR designations. ...
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While Bankrate’s definition fits within the industry standard, it specifically applies to classifications that might affect insurance rates. How to lower your rate if you are a high-risk driver You can employ several tips and strategies tolower your auto insurance rates, even if you are a high...
Premiums for unsafe cars are exorbitantly higher when you are an inexperienced operator, even when you earn good grades. This is why you should take your time to shop for a safe car as a new driver. Be sure to compare the vehicle classifications and rates for several makes and models befo...
Insurance companies also use telematics data to obtain accident reports for better claims processing. For example, IMS (BM129) provides “connected claims” that enable early detection of theft or accidents and reduce claims processing costs through data-driven decision-making. In the future, with ...
You can check complaint records, trends, and classifications by visiting theNational Association of Insurance Commissioners websiteand entering the insurer's name. These reports are public record for your own protection. If you would like to buy the most affordable Wyoming car insurance based on you...
Typically, SUV's, performance cars and convertibles are the riskiest types of cars. If you have a poor driving record and a risky vehicle, your rates can skyrocket. Classifications are generally based on the safety record of the car.
Most people know that higher limits and add-on coverages will equal higher premiums, but that is not always the case. If you take advantage of discounts and low-rated classifications, you can still keep those premiums down while you build a very comprehensive Suffolk car insurance policy. ...
fell outside the policy’s designated classifications for driveway, parking area, or sidewalk paving. This precise delineation is important because insurance policies are crafted to mitigate specific risks associated with defined operations. The allegations highlight how deviations from these specified acti...
For classification purposes, automobile manufacturers have historically divided their light vehicle products into two categories, Automobiles and Light Trucks. Sales and marketing analysts use these classifications when discussing auto sales figures, so I’ll use them as well. ...