9/18/09

What Vehicle has the highest insurance rates?

I friend of mine wants to purchase a Mustang and she was told that the rates in Georgia would be high....Does the color of the vehicle make a difference also?....I have heard the color Red would bring you into a high pay rage with insurance....not too sure so I'm asking....thanks
Answer:

Color has no impact. The symbol (basically, value of car) has a big impact on the comp & collision. Theft rates, statistically, on different types of cars, also has an impact on comp & collision. Safety equipment (ABS brakes, passive alarm, VIN etching ...) will lower the liability portion. If an insurance company does statistics on cars and shows that red cars are more likely to drive dangerously (probably specific to certain models), it is within their rights to raise the premium accordingly.

Everything is statistics; each insurance company usues a different calculation. All liability-only cars will be the same at some companies and different at others.
Source(s):
Licensed agent

Is it necessary to hold on to old auto insurance bills?

I switched auto insurance companies recently and I was just wondering if there is any reason at all I should keep my old auto insurance bills from the old company. I'm the one who HATES clutter and I want to get rid of things I don't need anymore. Thanks.
Answer:
I recently changed to AAA. If no claim pending it is not necessary to keep the old bills. But keep policy number for a couple months for refernece if need be.
I now use the plastic shoe boxes to weed out things then go through boxes and thin more later. I label each one, such as bills paid, autos, bank, charge accounts, phone, utilties, TAX reciepts, house repairs, Working well for me so far.