What is auto insurance? Basically put, it’s a contract between the insurance company and the buyer. Automobile insurance gives protection, in the event of an accident, ensuring you will not suffer a financial loss.
When looking at a household's top five expenses each month, automobile insurance is usually there. However, sometimes deciphering the legalities of insurance can appear confusing to the average person.
When you purchase an insurance policy you do so anticipating you will not have to use it. Yet, should the time come when you do, you want to have adequate coverage. If you don’t, you could suffer a financial disaster.
Pennsylvania started a study about personal auto insurance losses and premiums based on their zip code. This study began in October 2016. It was done to regulate how premiums on personal auto insurance policies compare with losses experienced in a certain area. Losses experience with regard to:
This study is just one factor that goes into determining the premium amount a certain zip code must pay for insurance. There are also a number of other factors which determine your insurance policy. Such as:
Of course, each of these variances makes it hard to compare on a state-by-state level. We collect data on a periodic basis in order to ensure we have accurate information on these statistics. We want to be able to provide each of our customers with the best possible rate according to their demographics.
If you live in the state of Pennsylvania and are in the market for insurance, give us a call. The professional agents at Weber Insurance in Hanover, PA are here to help. We can explain all the laws regarding auto insurance and give you the best quote for your area, age, and driving record.