Auto insurance rates are based on

Question

Quizplus · Accepted Answer

Insurance rates are typically based on factors that could increase the likelihood of a claim being made, such as how much driving you do and the type of driving (e.g. highway vs. city). The more you drive, the higher the likelihood of an accident. So, insurance companies use this information to set insurance rates. Factors like whether or not you keep your car in the garage or the condition of your vehicle may affect your car's value, but they are not necessarily related to the likelihood of a claim being made. Similarly, your marital status is not typically a factor in setting insurance rates.

Auto Insurance Rates Are Based on