state farm driving safety record rate level 6

Many, but not all, states allow the use of age, gender and marital status in setting rates.Some factors used to set your rates, for instance your driving record, age and where you live, are weighed more heavily than others, for instance your marital status.Some risk factors may not be obvious, like your credit history for instance, but insurance companies have statistical data to back up the reasons they use non-driving rating factors. Or it may be that insurance company weighs things in a way that doesn’t favor your personal data. If you walk away from a quote thinking, “why is my car insurance so high?” the answer is likely one of the data points is pointing toward you being a higher risk. The riskier you appear, the more you will pay for car insurance. Next, behind the scenes, the company’s algorithms go to work to make an educated guess on your risk level and calculate your rate quote. Information on risk factors that affect car insurance rates are collected by the insurance company as you fill in a quote form. Each company weighs the data, the rating factors, differently and makes their calculations separately and that is why insurers have varying rate offerings. Ever wonder how car insurance companies come up with their rates and why auto insurance premiums are different from one insurance company to the next? In a nutshell, insurance companies gather specific data to determine how much of a risk you pose and how likely you are to file a claim.

State farm driving safety record rate level 6