Adding or removing a driver, buying a new car, moving to a new location or changing how you use your car may influence the cost of your auto insurance. These costs can affect your auto insurance premium whether or not you individually have had an accident or claim.Ĭhanges you make to your auto insurance policy or coverage may also change the premiums. As they change, auto premiums must be adjusted.
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Uninsured drivers (your policy pays when the other driver doesn’t have an Auto insurance policy if you purchase Uninsured Motorist coverage)Īlthough insurance companies can’t directly control these costs, we regularly monitor them to see how they are affecting the costs of the claims we pay.Costs affecting the ultimate price of auto insurance include: Insurance companies incur the same costs you do in buying goods and services, and these costs can ultimately affect your insurance premium. We can answer any questions and help you decide before you buy.Īuto insurance premiums change for the same reasons that the price of other goods and services you buy change. Remember, you can always call us if you have any questions about coverage. Do any drivers live in your house but never drive your vehicles? (You can exclude them from coverage on your policy, which means you won’t have to insure them on your policy.).What type of vehicle do you drive? (It’s wise to have higher limits for vehicles, such as large SUVs, that can cause more damage.).Do you make payments on your car? (If you do, you may be required to have Comprehensive and Collision in addition to Liability coverage.) Orange Ave., 16th Floor, Orlando, FL 32801 VIN Check Restrictions: VIN checks are not available at this location.Consider whether you can afford this possibility, too.) Also, if you choose lower limits, you might be personally responsible for damages that exceed those limits. How much can you afford to pay out of pocket? (Choose a deductible that you know you can pay out of pocket.When you’re trying to determine how much insurance to buy, here are a few factors to think about: Your individual needs and situation should dictate how much insurance you need.
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