If you’re looking for a nationwide estimate on your auto insurance, you’ve come to the right place. With the nationwide app, you can virtually recreate damage to your vehicle, take pictures, and provide a regression model to the CDC’s Behavioral Risk Factor Surveillance System (BRFSS).
Car insurance rates
The Nationwide Car Insurance Rate Estimator can be a great tool to find the average cost of car insurance. Many factors affect the cost of a policy and you should consider them before settling on a policy. First, remember that rates are also affected by your personal history. While good drivers with a clean driving record will generally enjoy lower rates, those with a recent accident or moving violation should be aware that their rates may increase significantly.
A recent survey of car insurance consumers by Nationwide has revealed. 33 percent of those respondents reported receiving a rate hike without a valid reason. That was the lowest percentage of any provider. Remember, too, that auto insurance laws vary from state to state. While virtually every state requires that you have liability insurance, additional coverage types such as collision and comprehensive coverage may also be required. You can see which policies are more expensive by comparing car insurance rates in different states.
While your age and location are important, so are geography and population density. The type of vehicle you drive will affect the rate you pay. Being in a car accident can increase your rates, but insurance companies are looking for evidence that you are responsible. They will use a motorist’s driving history and credit score to determine car insurance rates. New cars are more likely to be broken into. Vehicles with below-average safety ratings will increase your insurance premiums.
The Nationwide Estimate tool allows users to input specific details about their driving history, vehicle, and coverage preferences to receive a tailored quote.
Home insurance rates
A home with a pool may require higher liability coverage. Geographical location can also affect insurance rates. Each part of the country has different risk levels. Some areas are more prone to fire and wind damage than others. Make sure you choose an area with less wind and fire risk to lower your premium.
Other factors affect your premium. The type, structure, and location of your home’s roof can affect your premium. People with good credit scores will pay less than those with poor credit. It is still wise to shop for a lower premium to protect your investment. The best way to find the lowest rate is to shop around.
For specific home insurance rates, homeowners can use tools like the Nationwide Mortgage Calculator available on the company’s website.
Building materials coverage
While building a home, just choosing a standard policy is not enough. There are different types of policies and the average cost per square foot of each varies by state and supplier. Homeowners’ insurance may cover only structural damage or may also cover items such as household contents.
Individuals can use the Nationwide Estimate Tool available on the company’s website. From a broader financial perspective, the Nationwide Income Calculator helps individuals assess their overall financial health by considering income, expenses, and potential savings.
CDC’s Behavioral Risk Factor Surveillance System (BRFSS) regression model
The Behavioral Risk Factor Surveillance Program (BRFSS) has been conducting state-level health surveys since 1984. Conducts telephone surveys in all 50 states, Washington DC, and US territories. These data allow researchers to model health risk behaviors at the state and county level. Also uses the dataset to generate country-wide estimates.
One of the many advantages of using the BRFSS is state and county weighting. It also uses the ACS PUMS method for annual weights. The SAE method also includes other demographic variables. These include age, marital status, renter/owner status, and race/ethnicity.
The BRFSS survey is conducted by a third-party contractor. Interviewers are extensively trained and follow CDC protocols. Data is using WinCATI software, a Windows-based program that reads the questionnaire and identifies the selected answer. The WinCATI instrument includes skip patterns, edits, and other features that minimize interviewer and data entry errors.
The BRFSS uses a disproportionate stratified sampling design and a computer-assisted telephone interview system. It has the potential to represent the entire telephone family of the state. The United States Census Bureau estimates 94.5 percent.
The BRFSS SAE method used two main criteria: internal validity and external validity. The first indicator was the ability to replicate point estimates obtained from the direct BRFSS survey. Another indicator was the ability to make similar estimates for different sources. Its overall performance was high with a confidence interval of one percent.
