6 FACTORS That Inf luence Your Insurance Premiums
So, how does Harmonson Law Firm get you the best medical care available to address your injuries?
We have relationships with many providers in all types of medical specialties in El Paso and Las Cruces who work with us to get you the best medical care available. Many of these health care providers will work on what is called a “letter of protection.” A letter of protection is an agreement to a health care provider to pay for medical care out of the proceeds of a settlement. Our firm also has relationships with several health care funding groups in Texas and New Mexico. We often use funding groups when a client needs an expensive surgery due to an injury caused by an auto accident. Funding companies work by paying the provider directly and then collecting for payment out of the settlement or judgment funds. We will also work with your health insurance company and with Medicaid and Medicare. Our priority is to get you back to 100 percent or as close to 100 percent as possible after the accident. We will work with the right medical providers to achieve this goal for you and to help ensure the negligent driver and their insurance company pays those bills.
No one actually likes paying their auto insurance premiums. We do it because it offers us protection when we venture out on the open road. There is no way to predict what will happen when we commute from home to work and back again, so having insurance is necessary. How do those insurance premiums break down? What factors affect what the insurance company can charge each customer? DRIVING RECORD It goes without saying that if you’ve been involved in a crash, you can expect to pay more. If you’ve been charged with a DUI, that may also factor in. Over time, you can lower your premiums by keeping your driving record clean. Those who have never been involved in a crash won’t pay as much. VEHICLE OF CHOICE The make and model of your vehicle can have a big impact on what you pay every year. Newer, sportier, or higher-horsepower vehicles tend to come with hefty premiums, while cars that emphasize safety and security are paired with lower premiums. Additionally, vehicles that are more susceptible to theft and have lower safety ratings are more costly to insure. LOCATION Insurers charge more for areas where crashes are more common and theft rates are higher. Typically, this is the case in major cities. People who live in more densely populated areas will have higher insurance premiums. Those who live in more rural areas usually spend less. MILEAGE How much and how far you drive is another factor in what you pay. Basically, if you drive more, you can expect to pay more. It comes down to the fact that the more time you spend on the road commuting, the more likely it is you’ll experience a crash. CREDIT HISTORY Insurers can reference your credit history when determining your premium. They cite studies that suggest your credit history can determine your likelihood of submitting an insurance claim, so people with lower credit scores are a greater liability in the insurance company’s eyes.
This answer comes directly from the blog at clarkharmonsonattorney.com/blog. To read more, be sure to visit the website!
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Even though the overall perception of personal injury lawyers is negative, I strive to shatter the myth of the greedy lawyer. Instead of misleading advertising, my focus is to educate people about the personal injury process. My firm strives to be the source of information on personal injury claims in the Borderland. That is why you will see lengthy blog posts with educational information on the topic of personal injury law on our website. That is why I have written (humble brag alert) what I consider to be the best book available anywhere to help consumers through the car accident process in Texas. The ink is still drying on “The Insider’s Guide to Texas Auto Accident Claims.” I am very excited to share it with my people and the public. Give me a call, and I will put you on the advance list to get a copy of the book. If you have made it this far in reading this newsletter, I consider you part of my tribe. As part of this community, my promise to you is to be a trusted source for all of your legal questions and needs. My practice area is dedicated exclusively to personal injury law, and by all means give me a call, God forbid, if you or a loved one are injured in an accident. Also, please consider me to be your go-to source for all things legal. I am happy to give general guidance on legal issues to you free of charge. I know a lot about the law, and I know the good lawyers in this community who can help you with your specific problem. I owe whatever success I’ve achieved to the experiences and people of my youth, and my goal is to give back to the real people that make up this community. That is why I am proud to say I am a personal injury lawyer.
AGE The numbers don’t lie. Data shows that drivers under the age of 25 are more likely to get into a crash than any other group — males under 25 in particular. As a result, their premiums are higher. In almost every case, the younger you are, the more you can expect to pay, and the number goes down as you age. Those over 65 traditionally pay the least.
– Clark Harmonson
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