What determines passenger car lifetimes? Insights from individual vehicle recordsDetermining the expected lifetime of passenger cars is vital, both when assessing the impacts of a single vehicle (for example through life cycle assessment) and when considering the dynamics of a stock of vehicles and ...
Low rates for drivers with DUIs Non-owner car insurance and SR-22 certificates available Offers vanishing deductible as well as accident forgiveness Below-average customer satisfaction ratings from J.D. Power Above-average number of complaints Snapshot safe-driving discount program could result in rate...
According to the Office of the Commissioner of Insurance, if a company can prove a correlation between a previous owner's loss and the probability of a future loss, it can use that information in determining coverage and rates. A claim relating to theft could indicate a car may be stolen a...
If your insurance determines you are at fault for what happened, you will be responsible for paying your deductible and any expenses that exceed your policy limits. You may also see a spike in the cost of your annual premium at renewal. ...
How Does Gap Insurance Work? Consider the following example: Your vehicle is financed and you still owe $10,000 to your lender. You are involved in an accident, and the car is declared a total loss. The insurance claims adjuster determines that your car’s ACV is $8,000, and your insu...
What Determines BMW Maintenance Costs? BMW maintenance costs vary depending on the needed routine services and unexpected repairs. BMWs require oil changes every 10,000 miles, fuel filter changes every 60,000 miles, and spark plug replacements every 90,000 miles. In general, you’ll alternate be...
The stated value determines how the insurance company rates your vehicle. In a sense, it's the value for which you can afford to insure your classic car—usually far less than it is worth. For example, suppose you inherit a Maserati Quattroporte from a grandparent, but you can't afford ...
The Internal Revenue Service issued the standard mileage rates to be used to calculate deductible costs of using a car for business, charitable, medical, or moving purposes.
policy, the insurance company determines the premium based on the policy's value (the payout amount) and factors such asage, gender, and health. Other considerations affecting rates include the company’s business expenses, how much it earns from its investments, and mortality rates for each ...
What's a good insurance score? Insurance scores using the LexisNexis Risk Classifier range from 200 to 997. According to the company, a score of 770 or better is considered good and will get you favorable rates. A score of 500 or below is considered poor and could result in higher premium...