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1

The points brought up in mhoran_psprep's answer match my experience working with some actuaries in a commercial auto carrier. I'd like to add a personal note that expands on those points a bit. My family has several antique autos. The insurance premium for such autos is generally quite low. One reason for this is that they are usually driven very slowly and ...


2

Your mom needs to file her own claim against HER insurance. What happens when you get into an accident is you take the car to get repaired and your insurance covers the repairs. Then, your insurance company subrogates against the at-fault party's insurance (i.e. tries to recoup money from the other person's insurance). DO NOT CONTACT THE OTHER PARTY'S ...


17

If a combination of vehicle type, drivers history, and location result in a probability of claims per mile driven; then having an estimate of miles driven each year allows the insurance company to price their policy for each driver appropriately. Now some costs don't depend on the miles driven. These include claims for towing, claims for theft, claims for ...


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