There are many
determining factors the insurer is going include and if a parent adds the younger driver to the policy the insurer may assign more risk to the multi-policy since the young driver is considered higher risk.
Not exact matches
Your health is one of the most critical
factors when it comes to
determining life insurance rates, but each
insurer evaluates health
factors slightly differently.
That's because different
insurers use different
factors in
determining your rate.
Other
factors:
Insurers also consider other
factors to
determine your car insurance premium.
Most
insurers factor in credit score, the highest level of education attained, home ownership, and other
factors to
determine the risk of a driver getting into accidents.
Insurers use all of these
factors, plus more, to
determine your individual mobile home insurance quotes in order to give you the best coverage at the right price.
Low motorcycle insurance quotes should be something you consider when comparing
insurers, but it shouldn't be the
determining factor.
Insurers determine to what degree each
factor impacts the frequency and amount of payouts and come up with a formula for calculating a premium based on your characteristics.
When qualifying for a mortgage, the lenders /
insurers determine whether or not you can afford the loan amount you have requested based on a number of
factors.
Insurers use credit scores as one of the key
factors to
determine what is known in their world as an insurance score.
According to Boyd, the foundation of credit - based insurance scoring has been steadily gaining traction as a rating
factor since it was first introduced in the early 1990s, when FICO conducted numerous studies with
insurers across the country to
determine whether there is a statistical correlation between a person's credit and the likelihood he or she will file an insurance claim.
Home Insurance: Home
insurers might use marital status as a
factor in
determining your rate, or they might just offer a flat discount, for example 5 % off, when you get married.
Using your financial history, as well as these other
factors,
insurers will
determine your insurance score.
Factors such as your lifestyle and driving habits may help
determine what discounts you qualify for, depending on the
insurer.
According to Lamont Boyd, insurance underwriting expert at FICO, your credit - based insurance score is derived from a combination of
factors in your credit reports and is used to help
insurers better
determine the likelihood you will file a future claim.
Consumers still don't understand the
factors insurers use to
determine home insurance premiums.
In most states,
insurers use your credit score as one of the
factors in
determining what's called your insurance score.
Other
factors that may
determine the time involved to resolve your claim are whether fault for your injuries is an issue with the
insurer, how many parties are involved, such as in the case where more than one person might be at fault for your injuries, and whether you might have had previous injuries or accidents that the
insurer might argue are contributing to your symptoms or length of recovery.
The following are key
factors that auto
insurers use to
determine the price of your auto insurance and what you can do to keep it as low as possible:
While these benefits are by no means
determining factors for the best auto
insurer, GEICO's demonstrated commitment to user experience reinforces the high satisfaction reported by J.D. Power.
Your health is one of the most critical
factors when it comes to
determining life insurance rates, but each
insurer evaluates health
factors slightly differently.
Insurance rates can vary significantly from person to person based on a variety of risk
factors, and
insurers often use statistics to help
determine risk.
In
determining premiums and premium rate structures,
insurers consider quantifiable
factors, including location, credit scores, gender, occupation, marital status, and education level.
However, when you get quotes, remember that
insurers consider the following
factors in
determining your premium:
A.
Insurers use many
factors to
determine rates, such as driving records, age, where you live, where you park, if there is a gap in insurance coverage, and how much you drive.
Many
insurers factor in your credit history and credit score when
determining your car insurance rate.
Although it is basically the same, each
insurer will weigh a
determining factor, such as driver history, differently dependent on the company.
Your location is going to be a big
factor when
insurers determine your rate.
However, the use of such
factors is often considered to be unfair or unlawfully discriminatory, and the reaction against this practice has in some instances led to political disputes about the ways in which
insurers determine premiums and regulatory intervention to limit the
factors used.
Insurers typically consider
factors to
determine insurance premium rates such as your age, gender, marital status, driving record and insurance history, your motorcycle's make, model and year.
Insurers use driving records as one of many
factors to
determine rates.
The first and most important
factor that
insurers use to
determine your risk is your driving record and your previous accident history.
There are certain
factors that are considered by the
insurers like insured person's age, heath, geographic location, lifestyle, etc. while
determining the premium cost of the policy.
As with any location, many car
insurers take a lot of
factors into consideration when
determining your premium rates.
This interest earning is another critical
factor used when
insurers determine how to calculate premium of life insurance.
Insurers can not use income, gender, address, U.S. postal ZIP code, ethnic group, religion, marital status or nationality of the consumer as
factors when
determining a credit - based insurance score.
Insurers can not use a consumer's income, gender, address, race, color, national origin, religion or marital status as a
factor when
determining a credit - based insurance score.
Year, make and model of a car will frame what levels of coverage you should get and will also be a major
factor in how an
insurer will
determine what it needs to charge you to hedge against its exposure to risk and the possibility of paying claims.
Just a handful of
factors that help
insurers determine what you'll pay.
Most car
insurers take a lot of
factors into consideration when
determining your premium rates.
If your quotes are higher than average you may want to look at
determining factors by
insurers.
Insurers can not use credit information adversely impacted by the dissolution of a marriage, or the credit information of a former spouse as negative
factors when
determining an insurance score.
It is important to comparison shop since each
insurer weighs
determining factors, such as age, driver history, marital status, and credit scores, differently.
Paltry or no vision is one of the
factors that
insurers make sure before
determining the premium amount for insurance.
You want to be sure you compare different
insurers as the
determining factors are weighed differently from company to company.
Factors such as your lifestyle and driving habits may help
determine what discounts you qualify for, depending on the
insurer.
However, your premium is going to
determined by various
factors used by the
insurers such as your driving history, credit, etc..
All
insurers use your insurance and credit scores as part of their
determining factors.
Insurers, which are regulated at a state level, typically use credit history to
determine an «insurance score» that is
factored into their final coverage price.
The
determining factor is how long it takes for the insured's physicians to deliver the insured medical records to the
insurer.