Car Care 2013 Tip 7: Lower Insurance Risk

The insurance premiums you pay depend on three things: your insurance provider, your level of coverage and your risk level. By reducing how risky you appear you can lower the amount you have to pay. Insurance rates are decided by actuaries. It is their job to calculate how much of a risk you are. The price depends on two things: your risk level and the company’s pricing model which dictates the type of customer they wish to attract.

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