It is often with groans and stress that Americans open their auto insurance bills when the imminent summons arrives in the mail. Conversely, it is with a sigh of relief that Americans contact their automobile insurance carrier in the event of an unexpected accident or fender bender. Furthermore, states have implemented mandated liability insurance in the past couple of decades...a much required and much awaited mandate. Courts take a serious stance on those who do not carry minimal liability insurance. It is obvious that this mandate has promoted an escalation in the amount of auto insurance claims in the past few decades.
Nevertheless, burgeoning technology has promoted auto insurance claims which have become more expeditiously processable in this country. One company has devised an avenue in which the consumer may use their I-phone application in order to submit their auto insurance claim.The application uses the phone's camera, data files, and internet connection to file the entire auto insurance claim at the scene of the accident.
How do automobile insurers calculate their premiums for car insurance? These premiums are based largely on market risk ratios, such as those that banks and other financial institutions use to calculate lending percentages (above and beyond prime rate). This is why consumers' automobile insurance premiums are directly correlated to the demographics of automobile insurance claims. For example, demographics which include young males under the age of 25 -- and those for male or female drivers over the age of 70 -- are generally much more expensive than are those premiums for middle-aged females. This is simply because automobile insurance claims are much more prevalent for young male drivers and senior drivers.
Internationally, however, state regulations for fault versus no-fault car insurance claims vary.In other words, there are a few states in which the liability for any accident falls directly upon the automobile owner. This would mean an unwary driver who is hit by a wayward driver wrestling with their cell phone would have to file their own automobile insurance claim, although the accident was not their fault. Their driving record would not be blemished. These automobile insurance claims are known as no-fault claims.
It is not only prudent but also very wise for all automobile drivers to carry a reasonable level of automobile insurance coverage. With that in mind, an car insurance claim will be secure, as will the consumer's wallet or pocketbook.
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