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What factors affect auto insurance rates and why is it sometimes unavailable?

April 26, 2017affect auto insurance factors rates

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What factors affect auto insurance rates and why is it sometimes unavailable?

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Ans: The rates and availability of automobile insurance are established by a competitive insurance industry, based on verifiable loss experience data. Insurance rates are based upon the company’s underlying costs, which include the number of claims and the severity of those claims. Driving patterns, claims records, ages of drivers, and the cost of goods and services contribute to cost variations.