What Variables Are Used to Calculate Auto Insurance Premiums
Posted on July 3rd, 2009 by Auto Insurance News
A Nutt Many people find it confusing to try to figure out how their car insurance company determines their premium rate. When calculating a driver’s insurance premium, companies will factor in a number of variables. These variables are taken into account to establish the overall risk a driver poses to the insurer. The higher the risk, the higher the premium will be. Variables that auto insurance companies take into consideration when determining a car premium rate include: Credit History:
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