Sentences with phrase «factors insurers use»

One of the biggest risk factors insurers use is past and present tobacco use, and the life insurance application will include questions about smoking and other risky behaviors.

If you want to save money on your home insurance policy, it helps to understand the key factors insurers use to measure your risks and calculate your rates.

Consumers still don't understand the factors insurers use to determine home insurance premiums.

Not exact matches

Kristina Baldwin, from the trade group Property Casualty Insurers Association of America, questions some of the report's findings and says insurers use many factors to best gauge policyholdInsurers Association of America, questions some of the report's findings and says insurers use many factors to best gauge policyholdinsurers use many factors to best gauge policyholder risk.

This is because it depends on a variety of other factors, including the individual risk, and the different insurers we use have different views on this.»

That's because different insurers use different factors in determining your rate.

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.

Some insurers use your credit score as a factor when setting your premiums.

Insurers use credit scores as one of the key factors to determine what is known in their world as an insurance score.

Insurers use a number of factors to decide how risky you are.

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.

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.

According to FICO, a major company that generates credit - based insurance scores, approximately 95 % of auto insurers and 85 % of homeowners insurers use credit - based insurance scores in states where it is a legally allowed underwriting or risk classification factor.

In most states, insurers use your credit score as one of the factors in determining what's called your insurance score.

Justice Sanderson rejected Aviva's argument and said: «For this court to let proportionality be the overriding, or even the predominant factor, would be grossly unfair to (Persampieri) and would be to reward the uncompromising, and — in the light of the jury verdict — unreasonable behaviour of the insurer...» Justice Sanderson agreed that insurers can pursue whatever legal strategy they deem fit, but added that, «especially where such strategies may have wide ranging and adverse implications involving widespread denial of access to justice, the use of such strategies should not be encouraged by the giving of cost breaks on foreseeable costs consequences.»

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:

Additional factors that may be used by potential insurers include your credit rating, your driving history, how you use your car, and many others.

The insurers try to prevent this from happening by building complicated financial models, which calculate the risk that a «loss event» will occur and the cost of that loss using a wide array of factors.

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.

Bob U'Ren, senior vice president at Quality Planning, said data verifying the decrease in use of annual mileage as a rating factor was provided by insurers that work with Quality Planning, and includes both large and small companies.

Mr. Passmore said as tools are developed that provide insurers with accurate information, and if those tools are approved for use, then insurers can use mileage as a rating factor in a more refined way.

A. Pay - as - you - drive insurance will consider the amount of miles you drive as well as the other normal factors that an insurers use to figure your rates.

CURE cares mostly about how well you drive, so we refuse to adopt discriminatory income rating factors, like education, home ownership, and occupation, that most other insurers use.

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.

Robert Passmore, director of personal lines for Property Casualty Insurers Association of America, says that some states set limits on what factors insurers can use in the underwriting process, including marital status andInsurers Association of America, says that some states set limits on what factors insurers can use in the underwriting process, including marital status andinsurers can use in the underwriting process, including marital status and gender.

To get it done, insurers use several factors to come up with those rates.

Insurers in Louisiana may use credit as a factor when forecasting how risky applicants will be, and they typically charge higher rates for those with poor credit.

In the state of Vermont, insurers use what are known as «price factors» to classify drivers and charge them accordingly.

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 use a number of factors to decide how risky you are.

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.

And, even though insurers use a slightly different credit score than banks, the factors that give you a good score versus a bad one are nearly identical.

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.

For many years insurers have used such factors as driving record, years of driving experience, age and condition of property to make these decisions.

Most states allow insurers to use your credit as a rating factor and offer higher rates to those whose credit is lacking.

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.

Each insurer bases rates on its own claim history and data set, among other factors, and uses its own formula when setting pricing.

However, your premium is going to determined by various factors used by the insurers such as your driving history, credit, etc..

Although there are many factors that insurers use when rating your application, two of the biggest factors that affect the cost of your policy are:

It pays to know what factors most insurers use when they assess you so that over time you can choose to act in ways that reduce your premium.

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.

In Oklahoma, many insurers use price optimization as a way to price coverage, which leverages a consumer's credit score as a factor in determining premiums.

The methods insurers use to determine the rates they charge to policy holders depend upon a wide range of factors, some of which are directly tied to those classifications on both the insurer and customer sides of the transaction.

Insurers use this data to identify areas of the country with considerable natural disaster history and factor the rates accordingly.

Every insurer uses similar information in calculating your premiums, including your driving record, vehicle make and model, and location, but each company weighs these factors differently.