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Why are new driver insurance rates so much higher for boys than for girls?
Wiki User
∙ 12y ago
Driver insurance rates are higher for boys than for girls because it has been proven statistically that boys are more likely to get into car accidents than girls.
Wiki User
∙ 12y ago
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How much do insurance rates increase after claim?
How much increase auto insurance after claim
Will insurance rates go up if no claims were reported?
Insurance rates are not determined by an individual's claims ratios, as the few who have claims could never afford their premiums if that were the case. They are figured over thousands of clients. This is how insurance of every kind works. By use of the law of large numbers, the risk of loss can be figured and these rates applied. Risk is calculated so that those who exhibit the most risk will pay higher premiums while those who have lower risk will pay less. Auto insurance companies usually lose money on claims but hope to make money by investing the sums between collection and payment of claims.
What occupation uses knowledge and statistics to determine insurance rates?
An actuary does those things.
What are the MCAT exam passage rates?
The passing rates are posted on the website mcat.com/rates. The Mcat test has a passing rate of 59 percent on average.
How do insurance companies calculate frequency rates?
Frequency = the number of claims/the number of exposures Exposures will change based on the line of business. Automobile exposures may be the number of vehicles insured. Workers Compensation may be the number of hours worked, or the payroll of the employees.
Are car insurance rates higher in big cities?
Car insurance rates traditionally are not higher in big cities versus the same comparision in rural areas. The most important factor that determines car insurance rates are the habits of the driver.
Where can you get the best car insurance rates for a teenage driver?
The best car insurance rates for teens can be found by State Farm insurance. They have good student and good driver discounts that can lower rates by up to 40%.
Are insurance rates much higher this year than they were last year?
Insurance rates may increase or decrease depending on the driver's track record. Reckless driving leads to higher premiums, just as safe drivers often receive discounts and lower premiums.
Is car insurance a higher rate if I am a senior in high school?
Yes, auto insurance rates are higher for younger drivers. Rates are typically based on age, driving record and the replacement value of your car. Some companies will offer "good driver" or "good student" discounts.
Are van insurance rates higher than regular auto insurance?
Van insurance rates are higher than regular auto insurance rates, this is because of the fact that vans are very large. You can get van rates at Progressive, Geico, and many other auto insurance companies.
Do you get cheaper insurance rates with a cdl?
No. In fact, you're more likely to see higher insurance rates.
Can driver's ed lower insurance rates?
Yes, they can help lower insurance rates, but not usually by a lot. Also female insurance rates are usually lower than male ones.
Does car insurance cover car damage when driver fall a sleep at the wheel?
Full coverage generally means it doesn't matter what caused the damage. But if the driver is at fault, he/she will be liable for possible criminal charges and future insurance rates will be higher.
Which of these would not cause your insurance rates to be higher?
buying liability insurance
What is the recommended car insurance for a teen driver in Florida?
The state of Florida requires drivers to be insured for $100,000 liability and $10,000 medical which will not fully protect the car. Insurance rates depend on the car and the age and record of the driver, and they are considerably higher for teenagers.
Do red cars have higher insurance rates?
There is no insurance rating for "color of car".
How does a crash impact car insurance?
The result of the crash will be higher insurance rates. The rates will increase by a lot if your son is young.
