Such a calculator asks a series of questions; each response will be used as a variable to make quotes and determine the premium rate. The questions can be divided into two main categories, including personal and vehicle-related information. Some of the most common questions you see on the auto insurance estimator are listed below:
1. What is your age or date of birth?
Age plays a role in the overall estimate. The insurance company considers very young and elderly drivers to be high-risk drivers. The first group is probably inexperienced, and there is a high possibility that young drivers will break some traffic laws, commit violations such as speeding, etc. This last group probably has some limitations in terms of vision, hearing and driving skills, which means that they also increase the possibility of being involved in an accident.
2. What is your profession?
Auto Insurance Estimator uses drivers’ professions to calculate accident rates. There is a statistic that suggests that certain professions, such as doctors, real estate brokers, lawyers, business owners, and salespeople, are considered stressful jobs; Insurers believe that stressful jobs affect concentration on driving. Cal’s insurance calculator can determine a higher insurance rate based on this factor.
3. What kind of car do you drive?
The car model also affects insurance rates. The auto insurance estimator may treat luxury cars as the most expensive assets to insure. In the event of an accident, vandalism, or theft, a luxury car is more likely to cost more to repair compared to its cheaper counterparts. Sports cars with a high top speed and rapid rate of acceleration are also quite risky to insure, which is why insurance companies tend to charge more for such vehicles.
4. How many cars to insure?
The good news is that the more cars listed on the same insurance policy, the more discounts you are likely to get. The discount is based on the package option, so you may be eligible for other discounts if you also insure your home, health and life with the same company.
5. What is your address?
The auto insurance estimator uses your address to determine if you live in a certain area where the crime rate is considered high. You have to pay more to protect the car if you live in risky cities.
6. How many violations are on your driving record?
Driving history is evidence where the DMV lists all previous accidents you were involved in, traffic violations, and all traffic tickets. Insurance companies use the data to determine if you are a low-risk or high-risk driver.