Question by sallysue: How much does filing a claim raise your insurance rates?
My son was in an accident a few months ago in which the guard rail was damaged. He was driving someone elses truck. The state wants to either file this against my sons insurance, under the liability part, or for my son to fork over $ 5,000.00 for repair. My question is, will placing a claim raise his rates? He has had a couple of tickets since he was rated for this policy, including an open container, and I am afraid if we file, they will look at all this and either drop him or raise the rates through the roof. Any advice from an insurance point of view, or any other point of view would be appreciated. We are really just wondering whether it would be cheaper to pay the increased premiums or to pay the damages. HELP!

Best answer:

Answer by Gem
Absolutely! Your insurance rates could skyrocket and you could be forced to name your son as a “Named Excluded”.

They may catch up with you anyway (the other incidents). If I were in your shoes I would just find a way to pay the state and keep the insurance company out of it.

And then I would make my son get a job and pay me back. And I would not let him drive my vehicles anymore.

This should be a wakeup call to you. Your son is showing a lot of irresponsible behavior and you are just lucky this was only a guard rail and not another human being. You do realize that if he kills someone and it comes out in court that you knew of his prior incidents that the court may hold you partially or fully liable because you didn’t take his license away.

Good luck and smack that kid!

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Question by golden: Where can I find a list of insurance rates by make/model?
I am looking to buy a used car, but I want to make sure that the insurance isn’t sky high. I do not know what kind of car I want right now so I do not have any information to enter in a car insurance search. Where can I find a list of cars that typically have the lowest insurance rates?

Best answer:

Answer by hawgdmm
what state are you in? you could call a independent insurance(not tied to one company),,they could get the info to you if they are agressive,,,my wife has her own office and does this often for customers,,,your credit rating will affect your rate very much,,good credit =lower rates,,,,BAD credit= much higher rate for the same vehicles rating,ask for credit for good student,college grad.etc. ,if available,,,,shop your insurance for the best rate for the same coverages

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Question by Geoff C: Where can I find out insurance rates for US postal services with letters to the UK?
Each envelope would contain an item worth around the $ 30 mark, but as they would be going international I want them to be insured. I can find UPS rates, but not USPS rates for insurance.
I looked at the Express mail, but I noticed a bit of small print which says that certain items are excluded from their insurance, jewelry amongst them, which is one of the things I do want insurance for.

Best answer:

Answer by mbrcatz17
USPS doesn’t like to do insurance for items leaving the country. They WILL, if you send it global priority. If you’re not mailing global priority, you can’t get insurance on international items.

There’s a whole section on it, on their website. Or, you can go down to your local post office, and ask.

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Question by Kinan: How will being unemployed affect my car insurance rates?
After being with Wawanesa for 12 years I let my car insurance lapse for 2 months and now have to reapply.
I am now unemployed, how will that affect my rates? Do they look at it as driving less since no job to go to or driving more since excess free time now?

Best answer:

Answer by Ashley
Being unemployed shouldn’t affect your rates (check state specifics) but the lapse in coverage could cause the rates to increase. they should take into consideration that you aren’t commuting and therefore driving less, but be prepared since most insurance carriers (again depending on state) will run credit reports and motor vehicle records to determine rates. hope this helps!

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Question by mccoyniesha: Where can I find the best business insurance rates?
My friend and I have a photography business. We are trying to find the best business insurance rates, especially for equipment and health?
Additionally, what questions should we ask when looking for business insurance.

Best answer:

Answer by donmustard@sbcglobal.net
geico.com

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This video illustrates the popular “Right Turn” staged car accident. Staged traffic accidents are on the rise, endangering the lives and boosting the car insurance rates of innocent drivers who may unwittingly think they’re at fault. Staged accidents are most common in “no-fault” states such as Florida and New York, where the insured stager can collect for bodily injury from their own car insurance company through their personal injury protection, or PIP, coverage.
Video Rating: 4 / 5

Staged traffic accidents are on the rise, endangering the lives and boosting the car insurance rates of innocent drivers who may unwittingly think they’re at fault. Staged accidents are most common in “no-fault” states such as Florida and New York, where the insured stager can collect for bodily injury from their own car insurance company through their personal injury protection, or PIP, coverage. This video illustrates a popular staged accident.

Question by : Do red light camera tickets increase your insurance rates?
Do they go on your driving record and increase your insurance rates or do you just have to pay the fine and that’s all there is to it?

I live in Washington State.

Best answer:

Answer by ken k
usually any moving violation does the insurance company trick/this is moving violation

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Question by Okiedokie97: What are the requirements that a small business needs to meet to get group health insurance rates?
I own a small business and would like to give my employees more benefit options. I’ve tried to research insurance plans online, but every insurance site just wants me to call in to find out. Do any of you know? Are group health insurance rates a lot cheaper than regular rates?

Best answer:

Answer by mss04
The larger the group the cheaper the rates because they can spread the risk. If you have a professional Association they might offer group plans. You need at least 10 employees to participate in most places otherwise. The rate will be a little high but it benefits employees that might not be able to get insurance otherwise. IE preexisting conditions (cancer,kidney disease,etc). Good luck.

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Question by gmrgrl420: What cars typically have the lowest insurance rates?
I am looking into getting a new car, but am on a limited budget. I only work part time since I am still in school, so low insurance rates are as important as a good deal on the car.

Best answer:

Answer by Dan
The slowest least sporty and cheapest cars get the lowest insurance usually.

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Don’t buy any life insurance without knowing this! Thanks to Howard Silver of Evershore Financial for sharing this gem. www.what-u-dont-know.com