Insurance rates are certainly affected by the type of car you drive. Comprehensive and collision insurance premiums are mainly calculated by looking at the vehicle’s loss history, which is how often that model is stolen and how much it costs to repair or replace it after an accident.
Most insurers use actuarial companies that rate cars on several factors to determine the cost of comprehensive and collision coverage needed to minimize an insurer’s risk. The ISO, or Insurance Services Office, is the main actuarial company used by many insurers to obtain those rates. Basically, the ISO assigns each vehicle a risk number and insurers then use that number to price their policies. Unfortunately, these numbers are not made available to the public.
Get a rate beforehand! Even though many of these ratings are not publicly available, consumers can still beat the system by contacting an insurer BEFORE purchasing a car to find out what it will cost to insure that car.
NOTE: The answers to coverage questions are primarily based on ISO forms generally used in Florida by most companies. However, please keep in mind that all companiesï¿½ forms are NOT necessarily the same. Some companies may provide broader coverage and some may be more restrictive.
IN ALL CASES, THE CONSUMER MUST REFER TO HIS OR HER OWN POLICY FOR SPECIFIC COVERAGE INFORMATION.
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Information contained within this site is the property of Hoffman and Associates Insurance Company and is provided for consumers looking to purchase insurance. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is required. Please contact Hoffman Insurance Company at 321-751-2511 before making any purchase decisions based on information contained on this web site to check for validity. This content is copyrighted by Hoffman and Associates Insurance Company and will bring legal action on to anyone who copies the information contained here. PLEASE NOTE THAT COMPLETION OF A REQUEST FOR INFORMATION DOES NOT CONSTITUTE THE PURCHASE OF INSURANCE. NO COVERAGE MAY BE ADDED, CHANGED OR BOUND AS A RESULT OF SUBMITTING A REQUEST FOR INFORMATION. ALL COVERAGE MUST BE CONFIRMED BY THE AGENCY IN WRITING SUBJECT TO AN ACCEPTABLE SIG NED APPLICATION MEETING THE UNDERWRITING GUIDELINES OF THE INSURANCE COMPANY. Please read your policy carefully for your terms of coverage. No information in this website alters the terms of coverage in your individual policy. If you do not agree to these terms please exit this website