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If privately owned use or Commercial, if commercial if passenger or goods carrying.

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Type of vehicle & sub model, age of vehicle, CC if pvt owned or GCW if commercial.

If vehicle's current insurance has lapsed or active.

If someone is buying comprehensive & previous claims history or just mandatory 3rd party insurance.

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Q: What are the factors that determine the rating of premiums for motor insurance?
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What is an EMR Insurance Rating?

An EMR (experience modification rate) insurance rating is a way to determine the workers' compensation premiums for businesses. An annual basis is calculated and premiums can go up or down.


How are insurance premiums calculated?

Insurance premiums are calculated based on several factors, including the policyholder's age, location, coverage limits, past claims history, type of coverage, and the insurance company's underwriting criteria. Insurers use complex algorithms that assess the level of risk associated with insuring the individual or property to determine the premium amount. Additionally, factors such as the deductible amount and any discounts or endorsements can also influence the final premium cost.


Does your credit rating affect your car insurance premiums?

In the US, yes it does. I'm Canadian and here it does not.


How expensive are insurance for home and auto?

Costs vary for insurance for your home and auto depending on a number of factors. For auto insurance, the value of your vehicle, length of time driving, and credit record are important factors. For home insurance, the value of your home and your credit rating will determine insurance costs.


Judgment rating insurance example?

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Are premiums for Richmond auto insurance higher than in other counties in the state of VA?

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What factors determine how much you will pay for auto insurance?

Many, many factors are involved in figuring auto insurance. I have one company that uses 44 different rating factors to calculate auto insurance. It used to be simply: driver age, married or single, zip code, vehicle information, deductibles, limits of liability, and that was about all.


What factors are important when choosing life insurance?

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How does the ISO rating work?

Insurance Services Office (ISO) is a company that performs many functions for the insurance industry. They develop and publish standardized policy forms for insurance companies to use. They also rate fire departments and publish these ratings for insurance companies to use in rating fire insurance polices. The process of rating fire departments involves investigating many factors including equipment used, response time, water pressure, fire hydrants, fire personnel, and other factors to determine ratings from 1-10 for fire departments.


How do you calculate insurance premium for car?

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