subject: The Reason Why Rates Adjust In Auto Insurance Plan [print this page] Each and every time I move with my military family I must adjust my auto insurance plan because we're usually going to different states and in some instances that does mean different coasts. It always makes me wonder why the rates of auto insurance plan are so not the same as one state to another. You'd think after all these years the auto insurance plan industry could come up with some kind of standard even if it was by age group.
I quickly started doing a small amount of research on how a few of the insurance rates are determined and it'll rely on the population that's purchasing the auto insurance plan during the time the rates are established. This is something that is continually changing I am aware in the military community alone we move every 2 to 3 years so that is an adjustment that changes for the companies all the time because they are losing and gaining and the things they gain is probably not the same as the clients they simply lost.
Well, once I was considering why they do some adjusting to the rates and what I had read was in some areas mostly in higher populated areas they might have younger drivers and statistically younger drivers with their lack of experience and under 5 years of driving are more at risk of more accidents. The typical of claims processes on auto insurance plan results in the rates.
A similar applies to the southern states where there are older retired people and so they often drive slower on the streets since their reflexes are a lot slower. This leaves them available to accidents because those are in a rush trying to move around them.
Another area that may have a very higher incidence of speeding tickets being provided for speeding will be around military bases and people trying to find to work or to their duty stations probably punctually. The amount of factors on your driving record leads to your own rates on your auto insurance plan.
by: Renetta Creech
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