Question

How do insurance companies determine rate?

My question is taken from m.i.l.e auto insurance topic

The question was asked in homework.

Other related questions to my question are:

Answer 1

Correct answer for this question is: - Your Car. Your car's year, make, and model will impact auto insurance rates.   

- Your Age and Gender and Marital Status.   

- Miles Driven Each Year.   

- Home Location.   

- Your Credit Rating.   

- Your History.   

- Driving Record.

The title of my answer is How Insurance Companies Calculate Your Car Insurance Rate

The heading of my answer is By knowing how your auto insurance rates are calculated, you can find ways to lower your payments.