Comments on: Effects of Changing Personal Insurance Details on Premiums

By: My 1st Million At 33

My 1st Million At 33 — Sun, 27 Aug 2006 15:09:09 +0000

Personal Finance Carnival #63

This is the first time that I host PF carnival at 1stMillionAt33. Thanks to Flexo at Consumerism Commentary for giving me this chance to host PF carnival #63. If you’re first time here on my site, you can take a look at my SiteMap on the right …

By: Free Money Finance

Free Money Finance — Fri, 25 Aug 2006 10:21:34 +0000

Star Money Articles for the Week of August 21

Here are interesting posts and news this week from the MoneyBlogNetwork members and beyond: MightyBargainHunter lists ten unconventional uses for the penny. Five Cent Nickel says Dish Network customer service STILL sucks. Blueprint for Financial Prospe…

By: jim

jim — Thu, 24 Aug 2006 15:08:51 +0000

That’s right Beth, your credit score will affect your auto insurance rates but in this particular article I was looking at the effects of changes on a relative level. I’m assuming that if my credit score meant my rates would be lower by 5% (or higher), then it’d be that way for me + a car accident or me + 5 years. The value in the numbers is in their relatively differences.

By: Beth

Beth — Thu, 24 Aug 2006 14:43:41 +0000

Good story, but you should also take into account most insurance companies use your insurance score to give you a base rate. Start watching your credit score when you are young.

By: jim

jim — Tue, 22 Aug 2006 22:56:11 +0000

anon – It pays the bills to keep the lights on here.

miller – what % is that?

By: Miller

Miller — Tue, 22 Aug 2006 21:48:16 +0000

Just FYI, my at-fault accident costing around $5k to my insurance company (Geico) has raised my rates ~$180 every 6 months. Also, I have a friend who is getting 10% off his car insurance for being a lawyer — 5% for actually being a lawyer and another 5% for signing something saying he won’t sue them (I am dead serious). Pretty amusing…

By: anon

anon — Tue, 22 Aug 2006 19:12:18 +0000

nice affiliate link. that should help your financial situation;)

By: Rob Carlson

Rob Carlson — Tue, 22 Aug 2006 17:26:43 +0000

I recently changed some demographic details, presented in order of benefit (or not) to me.

0. One at-fault property damage accident with $1100 payout (previously clean 10 yr record): +$350, diminishing each year until 60% recouped.

1. Getting married: -$25.

2. Aging one year: -$63.

3. Having enough in the bank to pay annually instead of monthly: -$69.