What Decisions Affect Your Auto Insurance?

What Decisions Affect Your Auto Insurance?

Your auto insurance premium is based on statistics and probability, which are determined by your decisions. But which decisions can impact your auto insurance?

Auto insurance premiums can always seem like they are out to get you. But the fact is that these premiums are based on past decisions and incidents. Auto insurance companies use statistics in order to ascertain your risk. A higher-risk customer pays more for insurance because their odds of filing a claim are greater than that of a person who is a low-risk customer. Do you know which decisions can greatly impact your auto insurance premium?

Zip Code of Residence

Every zip code has a different crime rate. The difference between any two could be infinitesimal–hardly worth nothing–or it could be drastic. Your risk of filing a theft or vandalism claim is greater in a neighborhood that has a high crime rate. That means, if you move to a new zip code, you should expect your premium to be affected.

Auto Make & Model

You may think that a car is just a car. There are, however, some cars that offer some safety features that others do not. These safety features can reduce the chance of an injury claim, thus, lowering your risk in the eyes of your auto insurance company. There may also be some parts that are more expensive to replace in one model over another, auto insurance companies take this into account, too.

Driving History

History tends to repeat itself. If your driving record shows that you have been anything but a stellar driver, your risk to file a claim is higher than it otherwise would be.

Contact Risk Management LLC in Brookfield, Wisconsin for all of your auto insurance needs. No matter your risk, you need an auto insurance policy to financially protect yourself when an accident occurs.

  • Risk Management assisted me in determining the best insurance coverage to match my business’ risks. Not only did their professional staff spend ample time meeting with me to understand my business, but they continue to follow up with a phone call on a regular basis. I’d consider each of the members on the Risk Management team a true asset in my corner, as they assist to resolve complex insurance issues including GL, Med-pay, business interruption, unemployment insurance, and most importantly, claims management. Their ongoing research in the insurance industry allows my rates and coverage’s to be best in in class, which helps me to remain competitive in my industry.

    -Steve, S. former owner of Helium Trampoline Park

  • “When we want develop partnerships with vendors, the deciding factor is always based on a single question…Do they pick up their phone? At Risk Management, they pick up their phone. In the indoor trampoline park industry, we have dealt with several insurance agencies that were always more concerned about their commission, not building a business relationship or serving our needs. On more than one occasion, Risk Management has stepped in and helped us with carrier/policies issues that the incumbent agencies had dropped the ball on. There was no financial reward for Risk Management in these situations, they see a problem and help fix it. They just do business the right way. Steve Young and his team at Risk Management represent us, not the carrier. We highly recommend Risk Management.”

    -Mark M. Operations Manager,CEO Fun Palace Place

Address: 21420 W. Greenfield Ave Ste 100
New Berlin, WI 53146
(262) 785-8930
Toll Free: (888) 857-5144
Fax: 1 (800) 424-3955
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