Did you know…car insurance companies consider demographic characteristics to calculate risks?  

This just means people are considered part of a segment of the population (you’re grouped into segments).  The characteristics of the sector affect how you are rated.  For instance, under 25 years old and over 70 years old are two segments; both segments happen to be statistically more likely to be involved in an accident, so their rates reflect this by being higher on average than the ages in between them.   Men are historically and statistically more likely to be involved in accidents than women, so a young man often pays higher premiums than a young woman.   Married people are on average a lower risk for accidents than single folks.  Responsible students (B average or above) can get a discount for keeping their grades up.  Of course, poor driving records raise car insurance rates regardless of what demographic group you’re considered.   Just thoughts to help you understand car insurance.  Did you know?  Well, now you do! 

 

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Did you know…DYK…quick bits of useful info regarding car insurance from Solo Insurance®

They're quick answers to questions we’ve recently been asked, timely info, or a tidbit that helped someone.

DYK???  Now you do!

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Solo Insurance® where great rates and service meet.

We shop the rates for you upfront and at renewals, always making sure you are with our best rate for your insurance needs.

 Great car insurance at cheap car insurance rates.  

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Solo Insurance®  800-207-7656  Get a Quote: https://www.soloinsurance.net/

– Veteran/Family owned since 1994 –

 

Posted 10:20 AM

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