Health Insurance
Property & Casualty
Additional Information
Privacy Policy
Employment
Legal & Disclaimer
You and your next door neighbor may drive similar vehicles and have the exact same auto insurance coverage from the exact same provider, but your premiums may be drastically different. Why?
To determine your premium, your auto insurance company uses a complex algorithm that takes countless factors into consideration. Some of those factors are obviously related to driving, such as how many speeding tickets you’ve had and when you received your last one, the age and type of vehicle you drive, and how many insurance claims you’ve filed in the past.
Other factors seem completely unrelated to your driving habits, such as your age and gender, occupation and marital status. If you have a teen driver on your policy, they may even look at their grades in school.
All of these factors come together to paint a picture of who you are and how likely you are to file an insurance claim. In other words, if you are a 25-year-old unmarried male with a lead foot and an affinity for expensive cars, you’re going to pay more for insurance than your married counterpart who has a sparkling driving record and drives an old clunker. The more likely you are to file a claim and the more money that your insurance provider is likely to pay out on your behalf, the higher your premium will be.
You may notice that your premium can change from year to year. That’s because if even one factor that affects your rate changes, say, you got married, bought a house, or changed careers, your premium is re-calculated.
Your auto insurance premium is based on a wide array of personal factors. Here are 13 things that your auto insurance provider considers when calculating your premium.
Obviously, the level of coverage you choose will have the most significant impact on how much your coverage costs. The more money an insurer could potentially pay out on your claim, the more money you’ll pay for your coverage.
Generally speaking, older drivers are less likely to be in a collision and therefore enjoy more affordable premiums. Younger drivers, on the other hand, typically pay the most for coverage.
In Nevada, auto insurance companies can base their rates partly on a policyholder’s gender. Because men are statistically riskier drivers, they typically pay a higher auto insurance rate than women.
As a whole, married drivers are safer drivers and therefore pay less for auto insurance coverage than their unmarried counterparts.
Not only do drivers with clean driver’s histories qualify for better rates, but they are also often eligible for discounts for good driving, which can save a significant amount of money each month.
Most people have never heard of association health plans; however, these health insurance plans have been around for decades. Association Health Plans may have fewer benefits but will most likely have lower premiums, making them an attractive option for those who are young, healthy, and on a budget.
According to a recent study, health insurance premiums could increase for individual plans on the ACA marketplace between 35 and 94 percent by 2021. Concern over health care is nothing new; in fact, this is the fifth consecutive year that Americans have ranked health care as a top concern.
At least for now, many aspects of ACA are still in place. Currently, an insurer can’t turn you away for a pre-existing condition, and long-term health insurance plans still have to provide coverage for ACA’s 10 essential health care benefits. Prior to 2010, private health insurance usually did not cover maternity, or preventative like it does now, and mental health was generally non-existent.
4260 W. Craig Road #150-A
N. Las Vegas, NV 89032
Because past behavior is indicative of future behavior, drivers who frequently file claims will pay more for their coverage.
Studies have shown that drivers with credit scores under 600 are more likely to be involved in a collision. For this reason, insurers factor your credit score when determining your premium.
Different geographic locations have different exposures to risk, resulting in varying auto insurance rates.
Inexperienced drivers pose a greater risk to the insurer and will automatically pay more for auto insurance coverage, regardless of their age.
Any lapse in coverage will result in a higher monthly premium, and don’t forget we have penalties here in Nevada from the DMV if there is any lapse in coverage. In Nevada it’s best to carry, at a minimum, liability coverage. If you don’t have at least liability coverage, when you do come back into the market to get a policy, you will pay higher rates; at least initially for the first 6 months or so. Drivers who have never had a lapse in their auto insurance coverage are statistically less likely to be involved in a collision. Keeping at least state minimum liability coverage will keep your rate down lower than if you decide to not carry any insurance at all.
By page visits (this month)
If you drive a vehicle that is more likely to be stolen, you can expect to pay more for auto insurance coverage. The age of a vehicle also affects the rate. The bells and whistles in your auto may cost more to insure because it would cost more to replace. Year, Make, Model are some of the many factors in premium costs.
Your auto insurer will want to know why you’re driving your vehicle. If you drive every day to work or school, your exposure to risk is greater than that of someone who only drives once a week to go to the grocery store.
The more time you spend on the road, the more likely you are to get into a collision. Therefore, those who put more annual miles on their vehicle than the average driver pay a higher premium.
Our auto insurance agents can help you get the best coverage for the best deal on auto insurance coverage. Contact us today to talk about your driving habits and needs, and we’ll help you understand your options.
Are you worried that you’re overpaying for auto insurance? We can help you review your coverage and see if you qualify for any discounts.
By page visits (this month)
We HIGHLY recommend you double check that your physician will take the Nevada Health COOP plan you are enrolling into.
Those who gained coverage made 40 percent more visits to the emergency room than their uninsured counterparts during their first 18 months with health insurance
Anyone who can show that their individual or family policy has been cancelled, will be eligible to buy a “catastrophic” plan through the Nevada Health Link.
Changes to the way medical billing works will be coming on Oct. 1, 2014. The health care medical billing system will change over to a new computerized system.
We HIGHLY recommend you double check that your physician will take the Nevada Health COOP plan you are enrolling into.
Those who gained coverage made 40 percent more visits to the emergency room than their uninsured counterparts during their first 18 months with health insurance
Anyone who can show that their individual or family policy has been cancelled, will be eligible to buy a “catastrophic” plan through the Nevada Health Link.
Changes to the way medical billing works will be coming on Oct. 1, 2014. The health care medical billing system will change over to a new computerized system.