CONSUMERS GUIDE TO AUTO INSURANCE
TABLE OF CONTENTS
Introduction………………………………………………………………1
Underwriting and Rating………………………………………………...1
What is meant by underwriting and how is it accomplished…………..1
How are rates and premium charges determined in Rhode Island……1
What factors are considered in ratemaking……………………………. 2
What discounts are used in determining final premium cost…………..3
Rhode Island Automobile Insurance Plan…………………..…………..4
Regulation of Rates……………………………………………………….4
The Tort System…………………………………………………………..4
Liability Coverages………………………………………………………..5
Coverages Other Than Liability…………………………………………5
Physical Damage to the Automobile……………………………………..6
Other Optional Coverages………………………………………………..6
The No-Fault System……………….……………………………………..7
Smart Shopping……………………………………………………………7
Shop for True Comparison………………………………………………..8
Consumer Protection Available...…………………………………………8
What to Do if You are in an Automobile Accident………………………9
Your State Insurance Department………………………………….........9
Auto Insurance Buyer’s Worksheet…………………………………….10
Introduction………………………………………………………………1
Underwriting and Rating………………………………………………...1
What is meant by underwriting and how is it accomplished…………..1
How are rates and premium charges determined in Rhode Island……1
What factors are considered in ratemaking……………………………. 2
What discounts are used in determining final premium cost…………..3
Rhode Island Automobile Insurance Plan…………………..…………..4
Regulation of Rates……………………………………………………….4
The Tort System…………………………………………………………..4
Liability Coverages………………………………………………………..5
Coverages Other Than Liability…………………………………………5
Physical Damage to the Automobile……………………………………..6
Other Optional Coverages………………………………………………..6
The No-Fault System……………….……………………………………..7
Smart Shopping……………………………………………………………7
Shop for True Comparison………………………………………………..8
Consumer Protection Available...…………………………………………8
What to Do if You are in an Automobile Accident………………………9
Your State Insurance Department………………………………….........9
Auto Insurance Buyer’s Worksheet…………………………………….10
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