By Kyle Fitzsimmons, InsuranceAgents.com Staff Writer
If you are applying for general insurance of any kind whether it’s home, health, auto, or life then you should understand that you determine how high or low your insurance quotes will be. Now that is not to say you exactly choose how much you want to pay but you actually represent insurance risk level to companies and the factors that go into determining how much risk you represent—controllable or not—will shape your insurance quotes.
There is a lot of high tech jargon that goes into the science aspect that insurance companies use in assessing insurance risk level but that is not relevant to you as a consumer. Here is a quick break down of the main types of insurance and a few controllable risk factors.
Auto:
Health:
Home:
Life:
Keep in mind that this is just a small taste of the factors that go into determining your insurance risk level. Most insurance companies keep underwriters on staff whose job it is to operate computer programs specifically designed to determine your insurance risk level. Also, if you are in the market for a more specific form of specialty insurance then you may have to acquaint yourself with those specific factors that determine your insurance risk level. Talk to an insurance agent today about what your insurance risk level is and how you can lower it.
Published: Thursday 22nd October 2009
