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What Determines the Price of My Auto Insurance? - Erie Insurance …
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What determines the price of an auto insurance policy?
WebYour age, gender, and marital status – a factor for auto insurance cost Drivers under the age of 25, particularly single males, have greater crash rates. In most states, insurance rates reflect these differences. You might be eligible for a discount if you’re a student. WebJan 26, 2024 · According to the Alabama Department of Insurance, the car insurance underwriting process starts by learning more about the driver. Through a series of questions, the insurance company determines how likely you are to file a claim. Some factors, such as their driving record and credit score, are based on the driver’s behavior. WebJun 10, 2024 · Here are the top factors insurance companies will consider: Factors Car Insurers Consider 1. Age: In many of our state-based auto insurance reviews, we’ve found that age is the biggest... greentech india material handling