How Do I Know If I Am Being Charged The Auto Insurance Right Premium?
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UPDATED: Jul 16, 2021
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The beginning of your personal auto Insurance policy describes the coverages (i.e.,liability, collision, towing/road service, loss of use/care rental coverage) included in yourpolicy and the charge for each one. When you receive your policy, pay close attention tothe coverages and cost.
Following is a list of the usual direct factors that companies use to determine your autopremium:
• Drivers age, sex, marital status, if the drivers record has any incidents, such asspeeding, DUI’s, accident, etc.,
• Use of Car – if the vehicle is being used for commute, business or pleasure andhow many miles it will be driven in a year
• Where you live (the garage address for the vehicle)
• Type and age of car
Liability limits can vary and the higher the limits, the higher the premium. If physicaldamage (i.e., collision and/or comprehensive) is chosen, the deductible amount can alsovary, which affects premium.