tag:blogger.com,1999:blog-22048650313118944212011-04-21T15:40:48.956-07:00Insurance GURUhttp://www.blogger.com/profile/02319129600926555802noreply@blogger.comBlogger11100tag:blogger.com,1999:blog-2204865031311894421.post-68460051513830092602008-04-18T09:13:00.000-07:002008-04-28T21:03:18.836-07:00<A HREF="http://www.netquote.com/common/default.aspx?ProductCategory=Auto&nqid=15286&status=autoinsurancebanner"><IMG SRC="https://www.netquote.com/media/A_728x90_mini_gif.gif" ALT="www.netquote.com"></A><br /><br /><br /><br /><a href="http://bp3.blogger.com/_z00Rr-9sWGA/SAjJRYIse7I/AAAAAAAAABw/aswfDce4q9M/s1600-h/three-stooges.jpg"><img id="BLOGGER_PHOTO_ID_5190619870918376370" style="margin: 0px auto 10px; display: block; text-align: center;" alt="" src="http://bp3.blogger.com/_z00Rr-9sWGA/SAjJRYIse7I/AAAAAAAAABw/aswfDce4q9M/s400/three-stooges.jpg" border="0" /></a><br /><br /><strong><span style="font-size:180%;">How Do <em>"They"</em> Figure Out </span></strong><br /><strong><span style="font-size:180%;"></span></strong><br /><strong><span style="font-size:180%;">My Car Insurance Rates?</span></strong><br /><br /><strong><span style="font-size:180%;"></span></strong><br /><strong><span style="color: rgb(0, 51, 0);font-size:180%;" >Important Words:</span></strong><br /><strong><span style="color: rgb(0, 51, 0);font-size:130%;" ></span></strong><br /><strong><span style="color: rgb(0, 51, 0);font-size:130%;" ><span style="font-family:arial;">Actuary:</span> <span style="color: rgb(0, 0, 0);">An individual that passed statistics.</span></span></strong><br /><strong><span style="color: rgb(0, 51, 0);font-size:130%;" ></span></strong><br /><strong><span style="color: rgb(0, 51, 0);font-size:130%;" >Insurance Executive: <span style="color: rgb(0, 0, 0);">An individual that failed statistics.</span></span></strong><br /><strong><span style="color: rgb(0, 51, 0);font-size:130%;" ></span></strong><br /><strong><span style="color: rgb(0, 51, 0);font-size:130%;" >Farmers Insurance Executive: <span style="color: rgb(0, 0, 0);">An individual that hates people that did not fail statistics.</span></span></strong><br /><strong><span style="font-size:130%;"></span></strong><br /><strong><span style="font-size:130%;">---------------------------------</span></strong><br /><strong><span style="font-size:130%;"></span></strong><br /><strong><span style="font-size:130%;">The Insurance Industry uses a complicated formula to determine rates called "Risk Modeling". This takes the following into consideration:</span></strong><br /><strong><span style="font-size:130%;"></span></strong><br /><strong><span style="font-size:130%;">1. <span style="color: rgb(0, 0, 153);">Age of the Driver</span>: Statistically 16 year olds have a 100% chance of being in a car accident. The numbers are the same for those over age 65. Thus, having Grandpa drive the kids to high school is probably not your best idea.</span></strong><br /><strong><span style="font-size:130%;"></span></strong><br /><strong><span style="font-size:130%;">2. <span style="color: rgb(0, 0, 153);">Ticket History</span>: Those that get tickets do so because they like to take risk. Risk means accidents and thus, they pay a higher rate for their car insurance. </span></strong><br /><strong><span style="font-size:130%;"></span></strong><br /><strong><span style="font-size:130%;">3. <span style="color: rgb(0, 0, 153);">Accident History</span>: In insurance, the best predictor of what will happen in the future is what already happened in the past. </span></strong><br /><strong><span style="font-size:130%;"></span></strong><br /><strong><span style="font-size:130%;">4. <span style="color: rgb(0, 0, 153);">Type of Car: </span><span style="color: rgb(0, 0, 0);">Some cars are a greater "theft" risk and others just seem to get in more accidents or acquire more speeding tickets. But remember, cars don't hit pedestrians in the crosswalk, people do.</span></span></strong><br /><br /><strong><span style="font-size:130%;">5. <span style="color: rgb(0, 0, 153);">Distance to Work: </span><span style="color: rgb(0, 0, 0);">For some reason, most "problems" occur on the way to and from work. This is a result of many things happening....</span></span></strong><br /><strong><span style="font-size:130%;"></span></strong><br /><strong><span style="font-size:130%;">a. The good shows start at 6:00; and your too cheap to buy TIVO.</span></strong><br /><strong><span style="font-size:130%;"></span></strong><br /><strong><span style="font-size:130%;">b. You honestly thought that the shoulder was a "passing lane"</span></strong><br /><strong><span style="font-size:130%;"></span></strong><br /><strong><span style="font-size:130%;">c. "Jedi Mind Tricks don't work on police officers...they're "Todarian".</span></strong><br /><strong><span style="font-size:130%;"></span></strong><br /><strong><span style="font-size:130%;"></span></strong><br /><strong><span style="font-size:130%;">Either way you look at it, you are a commuter on his way to or from work...not some freak of nature with an unnatural amount of "mitichloryians" in his blood... dodging Tuscan Raiders in a pod race.</span></strong><br /><strong><span style="font-size:130%;"></span></strong><br /><strong><span style="font-size:130%;">6. Credit Scoring: For some reason, people with really bad credit are also a greater risk to the insurance company. This too can be explained:</span></strong><br /><strong><span style="font-size:130%;"></span></strong><br /><strong><span style="color: rgb(51, 51, 255);">a. The casino closes at 3 in the morning.<br /><br />b. The divorce isn't "final" until the "ex" leaves an imprint on the front bumper.<br /><br />c. You can make more "money" if you sell your car in pieces instead of all at once.<br /></span></strong><br /><br /><strong><span style="font-size:180%;">To Learn More:</span></strong><br /><br /><br /><a href="http://www.moneyteachers.org/courselist.htm"><span style="font-size:180%;"><strong>Click Here!</strong></span></a><br /><br /><strong><span style="font-size:130%;"></span></strong><div class="blogger-post-footer"><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/2204865031311894421-6846005151383009260?l=autoinsurance4dummies6.blogspot.com' alt='' /></div>Insurance GURUhttp://www.blogger.com/profile/02319129600926555802noreply@blogger.com0