Determining Auto Insurance Rates
Determining Auto Insurance Rates
GEICO
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Determining Auto Insurance Rates
How are auto insurance rates determined?
We aren't just pulling numbers out of a hat. Determining car insurance rates involves analysis by GEICO actuaries, who evaluate risk by using statistical data. Insurance rates are then determined based on an individual's chance of being in an accident. Some factors that may influence your auto insurance premium are:
* Driving experience
* Driving record
* Location
* Vehicle's safety features
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