Are you ready to start your journey as a responsible vehicle owner and get insurance? Or perhaps you’re looking for a better policy but are a bit outdated on the procedure of applying for insurance.
In this article, we’ll take a look at the top questions insurance companies ask and why.
These are not listed in any particular order and are just examples of the types of questions. Let’s begin…
1. How often do you drive?
Starting with a basic question, the insurance company will always ask something along the lines of how often do you drive, how frequently is your car used, do you use your vehicle daily etc.
This is to get an idea of the level of cover required and how often your car could be at risk. The more you’re on the road, the higher the risk.
2. What’s your driving record like? Have you gotten any speeding tickets?
Yes, they will ask about your license and driving history, and you best be honest. Your driving record is very important to insurance companies as this is how they determine if you are a high-risk driver or low-risk driver.
3. What is your post code?
The post code matters because it helps to identify the level of risk your car faces when not in use. If you’re in a high crime area, your car is at high risk too.
Simply put, the more people and cars surrounding you, the higher the risk. People who live in a more country or suburban setting face lower risk and generally speaking, premiums are normally less.
4. What is your occupation?
This question is asked to help calculate risk. Some occupations are considered lower risk than others. It also helps an insurance broker to determine if you have a stable income and will be able to pay your monthly premium.
5. Are you married?
To some, this may seem irrelevant. However, studies show that married couples are safer drivers and pose a lower risk than singles. Whether or not you’re married also helps to answer the next question…
6. Will anyone else at the residence you live in be driving the vehicle?
It’s very important to state who else will have access to your vehicle and how often they’ll use it. You’ll be required to provide the names of everyone in your household even if they don’t have a license.
7. Have you made any claims before on an insurance policy?
If you’ve ever been in an accident or your car has been damaged, the insurer will want all details about it. It is, of course, important to provide reports in detail about any accidents, whether at fault, natural, or situational.
8. What is the primary use of your vehicle?
What your car is used for can sometimes help get you a discount, but is most important for the insurance company to gauge the risk your car is at on a daily basis. Is it used primarily for your work commute, to and from school, for basic transport, for pleasure or for business?
9. Does your vehicle stand behind a secured gate or in a garage when not in use?
This question will probably be asked in conjunction with the above. When your car is not in use, how well is it protected? Some might ask if you have any anti-theft security or GPS tracking on your car. These are all top risk factors.
10. Are you a homeowner?
Lastly, many insurance companies offer insurance policies for more than one service. If you’re a homeowner that doesn’t have insurance, they may offer you a discount if you decide to get home insurance or if you have an existing home policy with them already.
Get all your information together and make sure you have all the answers. If an insurance company surprises you by asking a question you didn’t expect, don’t hesitate to ask them why.
For insurance brokers, it’s all about the level of risk you pose to the company. Remember, safety on the roads is in everyone’s best interest.
Are you ready to get your own car or home insurance? Contact Quality Quote today to help you find the best policy and get multiple quotes to choose from!