Vehicle Insurance Rate Little Rock Arkansas AR
Reader’s Question:
I just got a speeding ticket three weeks ago here in Little Rock, AR. I know that may affect my auto insurance rate. But I want to know what other factors insurance companies look at in determining insurance premium rate.
Peter
Little Rock, AR
Me, I got one last week. Not a nice month, huh? No worries, though. First (and hopefully the last) a speeding ticket does not really catch the insurance companies’ attention, but don’t make a habit out of it. Your question: what makes insurance company frown and raise your insurance premium rate? Actually, there are lots of factors. Some can be helped, some not. I’ll try to give you the big ones. Of course, number one on the list is driving history. Stay on the road when driving. Check your speed, stay within the speed limit. When you figure in an accident, even when it’s not your fault, the companies will still get alarmed. Then there’s personal profile. Yeah, it’s an unfair world, but some people are riskier to insure than others. Insurance companies believe that men are riskier to insure than women and teens are reckless drivers (hormones and inexperience and all those things). They also favor insuring urban folks than city folks. You’re from Little Rock, Arkansas. This makes you one. This may have something to do with your temper. Grumble, frown, and smirk. They also check if you’ve had continuous insurance coverage. They’d want to know if you’ve been driving around without insurance, which is a bad idea anywhere. They’d also check if your policy has been cancelled before. This gives them an idea about the kind of customer you’d be.
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