Does My Age and Gender Affect My Auto Insurance Premium?

Thursday, March 19, 2015

Does My Age and Gender Affect My Auto Insurance Premium?

Your insurance premium isn’t a figure that’s just pulled from the air; in fact, your insurance company uses intricate algorithms to determine just how likely they are to pay out a claim on your behalf, and that’s what determines your premium. Many of those factors are within your control, such as your driving record, the type of vehicle you own, and how much time you spend behind the wheel. Other factors, like your age and gender, are a little more difficult to manipulate.

Clearly, your age and gender have an impact on your premium, but why? It all comes down to risk.

Read the full article:
https://www.nevadainsuranceenrollment.com/does-my-age-and-gender-affect-my-auto-insurance-premium/