Reader’s Question:

How is the “cash value” of a car determined after a total loss exactly? I live in Anchorage, AK.

Frances

Anchorage, AK

Every insurance providers in Anchorage, AK has their own internal rules and guidelines that are used to determine actual cash value (ACV). I am not aware of any standard table that is used by insurance companies. Determining ACV takes into account the effect of depreciation because of condition, wear and age.

Most insurance providers claims departments use a computerized evaluation process to help them in determining the value of your car. Insurance providers buy third party computer systems (like CCC) that assist them estimate costs in car insurance claims and collision repairs. Third party software supplies insurance companies with software and a database that assists determine the value of a car based upon automating the insurance claims process. These systems have databases that has benchmarking tools to find the true value of a car from dealers and repair shops.

Tags: auto insurance

Reader’s Question:

After being convicted of driving without insurance, how much increase will my car insurance go in Anchorage, Alaska?

Victor

Anchorage, AK

How much your car insurance rates may be raised after a conviction of driving uninsured will depend upon the rating system of the insurance provider in which you get car insurance with after this violation and lapse of car insurance in Anchorage, Alaska.

I am unable to inform you how much your specific car insurance rates would rise since individual insurance providers have differing rating systems.

Your car insurance rates are likely to be higher as a driver who was convicted of driving uninsured then with an individual that has a good driving record and is able to obtain car insurance discounts such as a renewal discount, preferred driver discount or good driver discount. You can shop around to find a reasonable car insurance rates after a conviction for driving without car insurance.

Tags: auto insurance, driving without insurance

Reader’s Question:

I have a question regarding car insurance increase. If I was pulled over for speeding for instance in Juneau, Alaska and went to court to fight it and then I did not receive any points added to your driving record, does this still cause your auto insurance to increase?

Julius

Juneau, AK

If you are convicted of a traffic violation in Juneau, Alaska then it can affect your auto insurance rates. An insurance provider is not concerned about the DMV points that are or are not assigned to your driving history but the actual speeding violation itself.

If instead you get the points dropped and your speeding violation reduced down to a non-moving violation that would not be put on your driving record then normally it would not affect your car insurance rates.

If your insurance provider’s rating system does call for your car insurance rates go up due to this speeding violation you can always shop around to check if you can find cheaper insurance with another auto insurance company.

Tags: auto insurance, car insurance rate