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Free Auto Insurance Quotes: Understanding Car Insurance Vehicle Ratings

What is a car insurance vehicle rating? This is a rating that is performed by the Insurance Services Office, or ISO, and it is a collection of information which is used to work out the levels of premiums to be charged for each car insurance policy. This information is not available to the public, and can only be provided to insurance companies. Even though the information collected by the ISO is not intended for public use, as a member of the public you can gain access to this information simply by asking your insurance agent which vehicle rating number is assigned to your particular car.

The ISO publishes an annual report which contains almost 280 vehicle ratings for different makes and models of cars and trucks. Your insurance agent will be able to look up the specifics of your car and view the rating that has been assigned to it.

The ISO's manual is distributed on a yearly basis to insurance agencies across the United States, and is very often used by the different insurance agencies when determining the price to put on their insurance premiums. The ISO rating system gives each make and model of car a number which ranges from 3 to 27. A general guide is that the greater the number, the more you can expect to pay for your insurance premiums. Importantly, take note that these vehicle ratings are only relevant for insurance premiums for comprehensive coverage and collision coverage. For this reason, if you are intending only to purchase liability insurance, then you do not need to worry about the vehicle rating assigned to your car by the ISO, unless you are also planning on adding comprehensive coverage for collision coverage in the future.

There are many factors that the ISO takes into account when determining the rating that should be given to each individual car. Some of these factors include the average amount that is required to replace or repair a car after it has been damaged, how often that make and model of car is stolen, and the history of car loss over the years. Each year, the rating is completely updated, which is important since each car's loss history can vary greatly from year to year.

When you obtain free auto insurance quotes, you may wonder why the levels of premiums can differ to such a great extent when all car insurance companies are relying on the same vehicle rating information produced by the ISO. This is because different insurance agencies focus on different levels and types of cover, so one insurance agency may offer a discount for an experienced driver, regardless of the make or model of car involved. For this reason, and many other reasons, it is a good idea to obtain many free auto insurance quotes before deciding on a particular car insurance policy or insurance company, so that you can ensure that you find the policy that is the perfect fit for you and your car.

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