How are auto premiums developed?

The cost of your automobile insurance depends on a number of factors: your age, sex, driving record, limits of liability, specific coverages chosen, age, and make and model of your vehicle are all considered when rating auto insurance. Youthful drivers for example, are more costly to insure due to their inexperience (which statistics shows results in a greater chance of an accident).  When you increase your limits of coverage, the cost increases as well.  And different cars are rated on variables like safety and frequency of theft of specific makes and models. Some cars are safer than others to drive and some are less apt to be stolen. Choosing one of these will help lower your insurance rate. We can help you estimate your insurance needs and premiums. Give us a call today at 603-352-2121.