There are several factorsthat influence auto insurance rates. These factors include an individual’s profession, gender, age, marital status, locality and many more such things. In this segment, we will discuss some factors determining these insurance rates.
Driving record: in premium payment of auto insurance policy, an individual’s driving record plays the most important role. If in any accident an individual is involved and found guilty then their rates increases. It is because the statistics suggest such drivers have repeat accidents during the period of three years. There is a state regulated insurance plan for the drivers with poor records and those who are not able to find out insurance coverage. This plan is known as the assigned risk pools. In this insurance plan an insurance coverage has been offered by the firm and this firm gets all the specifications from a state. But, not all the states have such insurance … Click here to read more
