Posted: Tue Aug 28, 2007 5:37 am Post subject: dropping auto rates!
hi all, I just wanna make sure that during the past 2 years there had been a considerable drop in terms of auto insurance rates in the US..is it true! What could have the reason for that?
Please also tell me something about a car assessable policy! regards, Amy Mayfield _________________ Register Now to have your Insurance queries solved.
Posted: Tue Aug 28, 2007 5:53 am Post subject: small information!
Yeah, its quite true! After so many years of stagnation the auto rates have finally started coming down since the past couple of years. A fall of 0.3% was perceived in 1998 followed by another close one in 1999. If we start estimating the overall fall in terms of rates, then I'm sure it would come around 2-3% once we take into account the dividends which had been offered by way of insurance policies from mutual organizations like the State Farm. Wish this small information helps! Fatman
Posted: Tue Aug 28, 2007 6:05 am Post subject: beginning of another era!
Sounds alright! Lemme jus add that Californian drivers (constituting just about 10%) had managed a fall of 5.7% in terms of costs during 1999. This was subject to the sharps falls during the preceding three years.
It had certainly been a major blow that led to fall in rates even at high-premium places like the NY, FLR & Massachusetts. Even NJ had perceived a fall worth 15% during the same year. That was precisely the beginning of another era! ProsnCons _________________ Register Now to have your Insurance queries solved.
Posted: Tue Aug 28, 2007 6:53 am Post subject: significant factors!
Dear Friends!
We have to carefully study the causes for these falls in order to get an idea about the future!
The way I've perceived things have led me to identify the following factors as the probable causes for such falls:
* The age of our people
* Safety modes in cars (belts or airbags)
* Sharp fall in criminal activities
* Stringent DUI laws
* Increasing number of insurers
By conducting a quality study over the above mentioned factors can we determine the root causes over abrupt rate-falls!
Evan
Posted: Tue Aug 28, 2007 8:12 am Post subject: fulfilling claims!
Hi, If you have taken a new policy it is more likely that your policy would be a non-assessable one. For an assessable policy you could be asked to pay an additional amount in case your insurer didn't have a good year in terms of fulfilling claims. Hope you got that. Thanks, Gloria Scott _________________ Register Now to have your Insurance queries solved.
