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"This depends on what kind of insurance one is looking to buy. For auto insurance they look at things like age, driving record, type of car, engine size, etc. For health insurance they look at medical history, age, credit history, etc. For home insurance they look at the current value of your home."
What else can I help you with?
How is the supply of money measured and what factors are taken into account in determining its quantity?
The supply of money is measured by the total amount of currency in circulation, plus deposits in banks. Factors taken into account in determining its quantity include the amount of currency printed by the government, the reserves held by banks, and the level of economic activity affecting the demand for money.
What are the determining factors of US balance of trade?
Import and export
What are the factors responsible for population growth?
two factors that are responsable for determining "population growth" are birthrate and deathrate.
How is the cost of insurance determined?
Actuarial risk. Insurance companies look at whatever factors they deem are relevant to the risk and statistically determine how many incidents they should expect to pay for and what that costs. They then add it costs and profit. They can be amazingly accurate when they have a large number of policies (the rule of large numbers). Example for auto insurance: Age
How much does business insurance cost?
The question is too broad to give a completely definitive answer. The factors include (1) the amount of coverage, (2) the type of business, (3) unusual risks, (4) classification of workman's compensation insurance, (5) credit history, (6) length of time in business and dozens of other factors. In effect, that is an insurance broker's job, to take your situation to market and bid it out among competing insurance companies. Wrapping the package into a BOP (an all inclusive policy) will cut down on costs. An agent's job is to understand your risk factors and put your limited insurance dollars in the right place. Each situation is individual.
Generally what factors are considered when determining a quote for transit insurance?
Major factors that insurance companies consider when determining a transit insurance quote are the following. What you drive, how old you are, how often and where do you drive, have you been in an accident before and which sex are you.
Is the cost of insurance different for metal or shingle roofing?
Probably not. Many factors are considered by underwriters of insurance companies in determining if a risk will be insured and how much the premium will be. //
Which companies offer affordable auto insurance to young drivers?
Auto insurance prices for young drivers are based on many factors. Is the driver a male or female, does the driver have good grades, does the driver live in a city or out in a rural area. All of these are factors in determining insurance rates. For the lowest cost, a young driver would probably do best to try to get insurance through their parent's insurance bundle.
How can I calculate insurance for a car?
To calculate insurance for a car, you need to consider factors like your driving record, the type of car you have, your age, and where you live. Insurance companies use these factors to determine your risk level and set your premium. You can get quotes from different insurance companies to compare prices and find the best coverage for your needs.
Why would someone not be bond-able?
Someone may not be bondable if they have a history of criminal activity, a poor credit history, or a lack of stable employment. These factors may be considered red flags by insurance companies when determining whether to issue a bond.
What factors do geologists take into account when determining earthquake risk?
The movement of seismic waves along faults and friction.
What are the leading car insurance companies?
The leading car insurance companies are Liberty Mutual, Geico, Esurance, State Farm and Allstate. The main factors that determine the value of these car insurance companies is an excellent customer service, competitive prices and highly experienced staff.
What are a few motor insurance companies that give reduced rates for women?
All insurance companies have very competitive rates. Each premium that a person pays for an auto policy, is based on a few different factors. One of these factors is being a woman. Some of these companies are: Liberty Mutual, Geico, Discount Auto Insurance, State Farm, Farmers, and many more.
What companies offer car insurance discounts?
Discount car insurance is offered by 21st Century Insurance, AllState, State Farm and other insurance providers. Different factors play into car insurance rates, including locality, driving record, car make, model and year, as well as other demographic factors.
What factors should I consider when determining what is good life insurance for me?
When determining what is good life insurance for you, consider factors such as your financial obligations, dependents, health status, and long-term goals. It's important to assess the coverage amount, policy type, premiums, and the reputation of the insurance provider. Consulting with a financial advisor can help you make an informed decision tailored to your specific needs.
What factors must be taken into account in determining whether an individual with a communicable disease that is a disability is otherwise qualified for the job?
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Are they any pay as you go insurance companies?
There is such a thing as pay-as-you-go car insurance, also known as usage-based insurance. Coverage can depend upon distance travelled, amount of time spent driving, and/or other factors. Not all insurance companies offer this as an option.
