by adambeccalyn » Tue Nov 30, 2010 04:31 pm
How Do Insurers Determine Tow Truck Insurance Rates?
Many consumers are wondering how insurance companies come up with their tow truck insurance rates. What factors are their bases for calculating such prices? Here are some of elements that insurers use in determining tow truck insurance rates.
Driver’s age – the age of the driver tells insurers whether or not he is considered high-risk. Although most truck drivers are above 30 years old, some who are below 25 years get higher rates. The age of the driver may also tell about the person’s professional experience as a driver.
Many consumers are wondering how insurance companies come up with their tow truck insurance rates. What factors are their bases for calculating such prices? Here are some of elements that insurers use in determining tow truck insurance rates.
Driver’s age – the age of the driver tells insurers whether or not he is considered high-risk. Although most truck drivers are above 30 years old, some who are below 25 years get higher rates. The age of the driver may also tell about the person’s professional experience as a driver.
Posted: Thu Dec 02, 2010 09:26 am Post Subject:
Driving history and age are certainly 2 of the most important factors that determine your rates. But then again your financial stability assures your consistency in paying for the premiums. So your income and the kind of coverage that you opt for also play a role in determining your rates.
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