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Summary: Auto insurance premiums work by using a rate calculator to determine the potential value of personal injury protection (PIP), property damage, uninsured motorist and collisions. Find out how premiums differ for different types of vehicles and individuals in this free video from a licensed insurance agent about automobile insurance information.
James Burrows owns the full-service insurance agency The Resurgence Group, which specializes in health insurance, property and casualty, annuities, life insurance and auto insurance....read more
"You are thinking about buying car insurance and you are thinking about how much money it is going to cost you. Well it's very simple, the more premium, the more coverage. My name is James with The Resurgence Group. We are a full service insurance agency and we specialize in auto insurance. A lot of times people will come to us and they'll say this is how much I can spend, get me as much insurance as you can possibly get for that amount and that's what we'll do. You've got what is called a rate calculator and it is going to give you specific premiums for each limit. So you have got bodily injury, that's going to be a certain amount of premium, PIP which is personal injury protection, property damage, uninsured motorists, caulping collusion. Depending on the type of vehicle and how much money you have to spend each month you'll design a policy that will fit your budget so again call your agent or call the company and let them design the policy around the budget and this way it won't break you when it comes to designing that car. My name is James from The Resurgence Group, a full service agency, and we strongly suggest that you design a policy that you can afford and this way you and the car and the policies stay on the books."
eHow Article: How Do Auto Insurance Premiums Work?