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The price to insure a red car is outrageous!" I'm a Mechanic: Here's What I Drive and 3... Car Color Doesn’t Impact Your Insurance Rate — But These 8 Factors Do
A commonly required liability insurance is $25,000/$50,000/$25,000. Here's how it breaks down: $25,000/$50,000 for personal injury (PI) liability.
Use this formula to make your decision: If your car’s value minus your deductible is higher than 10 times your premium, then full coverage is likely worth keeping. [car's value deductible ...
The policy term is the period that an insurance policy provides coverage. Many policies have a one-year term (365 days) but other terms both longer and shorter are used. Policy terms can be for any length of time and can be for a short period when the period of risk is also short or can be for multi-year periods.
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Auto insurance risk selection is the process by which vehicle insurers determine whether or not to insure an individual and what insurance premium to charge. Depending on the jurisdiction, the insurance premium can be either mandated by the government or determined by the insurance company in accordance to a framework of regulations set by the government.
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