The short answer is yes. The cost of any insurance policy is based on two variables, how much would the company need to pay in the event on a loss, and what is the likelihood of that loss happening. If your car is very expensive to repair or replace, your insurance company is going to need to charge you more money. If you are a young driver, or have a bad motor vehicle report (MVR), the insu...
Read MoreHow Much Do Traffic Tickets Affect My Rate?
Traffic tickets are one of the things that show up on your motor vehicle report (MVR), but not the only thing. The short answer is "The more tickets you have, the more you pay for car insurance. However, your MVR (Motor Vehicle Report) is only one factor impacting the rate of your insurance. All insurance rates, no matter what type, are based on three basic factors, Fixed costs, the amount of a...
Read MoreHow do traffic tickets affect my rates?
The short answer is "The more tickets you have, the more you pay for car insurance. However, your MVR (Motor Vehicle Report) is only one factor impacting the rate of your insurance. All insurance rates, no matter what type, are based on three basic factors, Fixed costs, the amount of a potential loss, and the likelihood a loss will occur. The fixed costs are the amount it costs to produc...
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