Home    FAQ 
  • What Affects Car Insurance Price?

  •   - Most people are looking for a low car insurance price. In many cases, it's the choices you make about the
        coverage you want that determine the cost of your car insurance premium.
    > Companies look at the following factors to determine your car insurance premium:

    What you buy
       - How many coverages you buy
       - The deductibles
       Find out more about types of auto insurance coverages.

    What kind of car you drive
       Generally, the more expensive the car, the higher the auto insurance price

    Your age, sex, and martial status(SOFA or Non-SOFA)
       Accident rates are higher for all drivers under age 25, especially young males
       and single males. Car insurance prices in most states reflect these

    Your driving record
       Drivers who cause accidents generally must pay higher car insurance
       premiums than those who are accident-free for several years.

  • How Much Car Insurance Coverage Do I Need?
  • > When looking for auto insurance, consider the following three questions with the help of
    your agent:

    1. How high should the auto liability coverage limits be on my car insurance?
    No one can predict exactly how much you would have to pay if you were to cause an accident.
    Ask yourself how you would pay for any damages exceeding your coverage limits. The higher your
    liability coverage limits are, the more likely your auto insurance policy will be able to pay all of the

    2. How high or low should my collision auto insurance and comprehensive deductibles be?
    Higher deductibles lower your premium but increase the amount you must pay out of your own
    pocket if a loss occurs. Ask yourself how much you would be willing and able to pay on short notice
    in order to save on your premium.

    3. Should my auto insurance include collision and comprehensive coverage?
    You may be required to carry collision or comprehensive coverage if your vehicle is leased or
    financed. Once you have paid off your car, and its value decreases, you might consider dropping
    these coverages to save money on your auto insurance. Consider, though, whether the savings
    would be enough to offset the risk of having to pay the entire cost of repairing or replacing
    the vehicle.

  • What Can I Do To Save Money On My Auto Insurance Premium?

  • > WAYS TO SAVE...

    Assess your deductible
    Deductibles represent the amount of money paid out-of-pocket
    before insurance pays a claim. You can lower your insurance costs by
    selecting higher deductibles on collision and comprehensive coverage.

    Provide the safe-driving record form your previous insurance company
    Providing the document, you can reduce the insurance amount up to 10~20%.

    Get a full coverage discount
    Applying for a full coverage, you can reduce the insurance amount by 10%. The full coverage
    includes BI, PD, Collision & Comprehesive, OBI, and Uninsured.

    About Us  l  Contact Us  l  About Agent
    T_ 1800-2886   l   F_ 02-6442-0200   l   E_ auto@davidautoinsurance.com
    202,Sejong Building, Sang-dong 619-7 Susung-gu, Daegu, Korea
    Copyright(c)2005~2010 David Kim. All rights reserved