I am in Canada and plan to buy a car but everyone tells me a new story abt insurance. They say its more for a 2 dr and less for a 4 dr and it varies from brand to brand, my age and GOD knows what? Any site or any method to calculate. I am getting a nice deal on a car but its 2 dr and I dont want to pay more insurance. Please help.
Answer:
Rates are based on many factors:
You: Age, gender, driving record, claims history, insurance score (which includes credit as one of the factors - I don't know if this is used in Canada - it is in the US), where you live (high or low crime, accidents in the area - maybe there are some bad roads or bad intersections around that have a lot of accidents)
Car: Year, make, model, value, accidents & claims related to the vehicle, cost to repair.
How the vehicle is used: Pleasure, drive to work or school (& how far one way) or business use.
Coverage: Limits of liability, medical, uninsured motorist, if you want comprehensive and/or collision & the deductibles you choose, towing, rental reimbursement, etc.
There is no one site that gives you the method of calculation, insurance company rates are proprietory (companies only share this with their agents or rating software companies that are only available to agents) Each company has its own rates. You can either go to a bunch of websites to figure the rates for each company on the car you want, or you can call an independent agent that represents many companies & have them do all the quotes for you.
by your credit report and license record.
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In addition to what Sue said...
Insurance companies have tons of data compiled that show what gender, age, type of car, miles driven, etc. factor in to the number of accidents/tickets.
Personally, I've always thought (unable to prove) that if an insurance company already has their limit of say 25yr old male with 1 or more tickets & you happen to get a quote from them & fit that category, it will be higher than the guy who made them reach their category limit, as in you'll pay the difference for them to additionally insure you.
Assuming you get quotes from reputable insurance companies (State Farm, Progressive, Farmers, etc.) I'm sure you'll see a quote so far out of the ballpark that my scenario above would appear to be true.
Car insurance rates is calculated based on different factors, your age, gender, status, state where you residing etc. but im not completely sure if all insurance companies are using this kind of concept. For further information try to look it on the net, i suggest you to visit this site http://www.nightbirdssolutions.com... there's a lot of insurance compnies listed here and Im sure they can provide you better information.
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