Question Details	Asked By	Asked On
automobile insurance	DTHEMAN	09/08/04
Hello, Anyone here know how auto insurance rates are figured?
Answered By		Answered On
labman		09/08/04
It varies from company to company. That is why it pays to shop around. They try to relate things like age, type of car, location, tickets, accidents, gender, etc. to the the chances of being in an accident. The regulators try to prevent unfair treatment of minorities. Different companies weigh things differently. They will also drop rates to pick up new customers and then raise them later. The more money they make on investments between collecting premiums and paying claims, the lower the rates.

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