Auto insurance rates and premiums are carefully computed based on a variety of factors. Our expert authors explain how these numbers get calculated, what you can do to lower yours, and more. Read on to get auto insurance buying tips, and a clear breakdown of what impact factors like your driving history and your vehicle type are having on the cost of your policy.

What Factors Determine Auto Insurance Rates?

What Factors Determine Auto Insurance Rates?

When you purchase auto insurance you have a ‘shared risk’.  Your carrier agrees to share the risk as you and family members drive your vehicles.  The company will decide how much premium (payment) is needed in order to share the specific and personal risk that you and your family potentially pose.

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Top 10 Reasons Why Auto Insurance Providers Raise Premiums (and what you can do in response)

Top 10 Reasons Why Auto Insurance Providers Raise Premiums (and what you can do in response)

Insurance carriers use a variety of reasons to raise your premiums. These include cost of business increases, changes in risk, and your driving or claim history to name a few. There are a few things that you can do in order to combat the premium increase.

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