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Average Car Insurance Rates by State
Each state has established minimum requirements of auto liability insurance for drivers to carry. Requirements are labeled in a three-part numbers system such as 25/50/25 which is common in most states. The 25/50 numbers refer to bodily injury liability insurance. The 25 describes per person limit, and the 50 describes the per accident limit. The [...]
Auto Insurance Rate Discrimination
Auto Insurance Companies can not discriminate against based your race, religion, age, gender, marital status, geographic location, or disability. If the underwriters can show valid evidence that any one of these categories presents a greater risk for a loss then they have a valid argument on the bases of sound underwriting or actuarial principles. If [...]
Factors Used by Auto Insurance to Determine Rates
Auto Insurance Company Underwriters have several key factors they use to determine each individuals premium. Some you can not control however some you can take steps to place yourself in a more competitive position. Age would be a key factor and if you are below 25 years of age you are placed in the group [...]
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