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In insurance we use all different types and kinds of symbols to represent different factions or values in calculating the rates of a policy. The 12 you speak of sounds more like a cost symbol. The cost symbol has to do with the cost of the vehicle, cost of replacement parts, and the frequency of accidents for that particular vehicle.
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∙ 10y ago
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What does insurance grade 7 mean when buying a car?
Grade 7 is the rating on which your insurance is based on. The lower the number the lower the car insurance. For Example my car is a grade 26 which is one of the highest grades you can get grade 7 will be fairly cheap.
when buying a used car from a small lot is or when is the person buying the car need to have insurance If the buyer had no insurance is the dealer liable?
If you are buying the car outright then it's up to you to decide when to get the insurance. If you are getting credit, you will have to have the insurance in place prior to taking possession of the vehicle.
Where can one find tips for buying car insurance?
Buying car insurance can be tricky. One should ask friends and family what experiences they have had with car insurance and then do some online research to find what insurance is best for their needs?
If you are buying a car from a dealership do you need proof of insurance prior to buying?
no
What should I know before buying an insure car?
You should know what the best insurance rates are on the car you are thinking of buying and if you may want a car that costs less on insurance.
Do i need auto insurance with a license but no car?
you only need auto insurance if you driving. upon buying a car, you should get insurance.
Does buying a repossessed vehicle raise your car insurance?
In this state buying a repossessed vehicle is no different from buying any other vehicle as far as insurance is concerned. The insurance agent checks over the car, takes pictures, checks the odometer, and quotes the rate just like any other used car. Of course if you have one car and you purchase a second car, your insurance goes up.
Can someone get insurance on a car if they are making payments to an individual?
in most states you have to have at least liability insurance. it doesn't matter who you are buying the car from. so yes you can get insurance on a car
What are the advantages to buying car insurance online?
There are a number of advantages to buying car insurance online. The advantages include getting an instant quote. Also, they often have tools for you to compare your quote with other insurance companies.
Do insurance companies pay for wrecked cars?
It can be said that insurance companies pay for cars after a wreck as long as you are fully insured. But when a person does get money from the insurance company it doesn't mean that they are buying it from you. The car will have to be taken to a car junk yard and you can sell it to them.
Why would you buy car insurance before buying a car?
I would purchase insurance before buying a specific car, but most polices want to know what car is insured so I would wait. Also, you will most likely need to have insurance to take possession of the vehicle.
How can you get Sr22a insurance but you do not own a car?
Buying and no ower policy
