You know, car insurance can be a tricky thing. Yeah I said tricky, but if you were me, you would be using the term \u2018weird\u2019 to describe how car insurance rates are worked out. Well, you tell me a better word than weird, when you realize how seemingly unrelated stuff like where you live may actually influence the amount of money you need to shell out towards car insurance premium each month. See, I warned you!<\/p>\n
What is your address?<\/b><\/p>\n
If you live in a city that has more cars then you pay more premium rates. Well, the logic applied is that more the cars per square mile more are the chances of accidents. If you don\u2019t like it, go live in some rural area.<\/p>\n
Okay let us talk about some more, weirder things that can influence your car insurance rates.<\/p>\n
How Much Does Your Doctor Charge You?<\/b><\/p>\n
A lot depends upon how much your doctor charges you to treat for injuries received as a consequence of a vehicular accident. Often a blanket term like \u2018soft tissue injuries\u2019 is used to describe the group of injuries, that are commonly inflicted in a vehicular accident<\/p>\n
Treating these injuries can be expensive and often extend over longer periods of time. Moreover, the results of the treatment are also not quite comparable. Some patients recover better and sooner from these injuries, while others can really drag on for long periods. All these put a strain on the insurance company and they obviously do not want to be left high and dry paying for such claims.<\/p>\n
So bottom line is that more expensive your medical care, more expensive will be your car insurance premium.<\/p>\n
How much does the lawyer charge?<\/b><\/p>\n
Okay, the relation between medical costs and insurance premium now seems to somehow fall into place, but what\u2019s a lawyer\u2019s fees got to do with your insurance rates. Isn\u2019t it what you are thinking? Well, each time someone who is at the receiving end of a vehicular accident that you made, files a lawsuit claiming for compensation, it\u2019s your insurance company that has to dole out dollars \/ pounds as the case may be.<\/p>\n
Besides, the numbers of lawsuits being filed in vehicular accidents are steadily on the rise. So, it\u2019s but natural for your insurance company to save their back and foresee these costs. Guess who has to pay more towards premium then?<\/p>\n
How many fraudsters are doing successful business?<\/b><\/p>\n
Whoa, whoa! Now fraudsters have got a say in your car insurance rates too? Well, someone has to pay for the huge amounts of money that fraud insurance claims are draining out of the insurance company\u2019s accounts. Who else fits the bill, better than you? More the number of fraud claims, more expensive will be your premium.<\/p>\n
How cutting-edge is your car?<\/b><\/p>\n
If you are the kind of person who melts like butter on seeing the latest models of cars with latest technological and design advancements, then you better be prepared to pay more for your insurance premium as well. You know, car mechanics don\u2019t come cheap and more advanced the car parts, more expensive they are to replace in case of repair \/ damage.<\/p>\n
Moral of the Story: If you wanna lower your car insurance rates, go live in some rural dump where the doctor charges quite less and the lawyers don\u2019t suck your blood for fees and drive a not-so-latest model car.<\/p>\n","protected":false},"excerpt":{"rendered":"
You know, car insurance can be a tricky thing. Yeah I said tricky, but if you were me, you would be using the term \u2018weird\u2019 to describe how car insurance rates are worked out. Well, you tell me a better word than weird, when you realize how seemingly unrelated stuff like where you live may […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,11,1],"tags":[],"class_list":["post-33","post","type-post","status-publish","format-standard","hentry","category-budgeting","category-car-insurance","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/www.dontspendmore.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/33","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.dontspendmore.com\/blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.dontspendmore.com\/blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.dontspendmore.com\/blog\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.dontspendmore.com\/blog\/index.php\/wp-json\/wp\/v2\/comments?post=33"}],"version-history":[{"count":1,"href":"http:\/\/www.dontspendmore.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/33\/revisions"}],"predecessor-version":[{"id":34,"href":"http:\/\/www.dontspendmore.com\/blog\/index.php\/wp-json\/wp\/v2\/posts\/33\/revisions\/34"}],"wp:attachment":[{"href":"http:\/\/www.dontspendmore.com\/blog\/index.php\/wp-json\/wp\/v2\/media?parent=33"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.dontspendmore.com\/blog\/index.php\/wp-json\/wp\/v2\/categories?post=33"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.dontspendmore.com\/blog\/index.php\/wp-json\/wp\/v2\/tags?post=33"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}