Is There a Standard Auto Insurance Rate That Companies Charge?
Q: I was wondering if there is a standard Florida auto insurance rate? If so how is it calculated? Thank you. A: Unfortunately, there are too many variables involved for there to be a standard auto insurance rate. A few things that are taken into consideration by the insurance companies when determining your rate are: *Your age. Younger or older drivers are more expensive to insure. *Your location matters. City drivers pay more than suburban drivers. *Your driving history. Obviously a history of accidents or traffic violations will increase your rate. *Your credit history. Many insurers will charge you more if you have poor credit. *The type of car you own. The more expensive car you own; the more expensive your insurance policy will be. These are just a few things that are factored into how the insurance company will determine your rate. So, as you can see, having a standard auto insurance rate would be next to impossible. Since auto insurance policies are based on your personalized h
