Re: Re: Just bought a new car...
Originally posted by Lars the Red
Some industry advice for you if want.
-Keep a 'B' average and utilize a good student discount.
-Tickets are a major kick in the 'nads, so be smart.
-Accidents are the kiss of death. You will hate yourself for 3 years if you have a bad day.
-Jump on an additional policy (renter's, Homeowner's), the discounts make it worth it.
-Talk nice to your agent and try to get rated as friendly as possible. Every little bit helps.
-Get married, or at least engaged. It saves money.
There, I've given all the fatherly advice I can stand for one day.
Lars are you in the Insurance industry?
To add to his good advice, Accidents and tickets could haunt you for 5 years, depending on the # and State you live in. I am not up on MD, insurance laws. Another thing that might help is an defensive driving course. Alot of States mandate discounts for those courses.
Another thing that affects your rates is the mileage that you drive, and the usage of your vehicle. If you over estimated, or stated that you drive back and forth to work/school daily affects most policies as well.
Almost any question they ask you when adding a new vehicle, or starting a new policy affects how much you are charged.
The first company I worked for, actually the only one I had anything to do with rates, took odos, and made sure you drove what you said you would. Alot of companies coorelate credit history in as well.
I am in claims now, and defer all rate questions to policy service/agents... Too bad policy service/agents do not do the same when they try to explain the claims process.