The world of car insurance is multi-faceted, and if you’re not well versed in the subject, it can be difficult to understand. One of the most common questions you may ask as you look over the policy is: How is my premium calculated? Though there is no one set of guidelines to follow because all insurance companies have different requirements, we hope this list will help clarify some of the factors that contribute to your rate.
If you’re a New Yorker, insurance is probably not something you have time to scratch your head over. Whether you are trying to figure out the terminology behind your policy or a way to lower the cost of your car or home insurance, it can be a daunting task. This guide will outline these terms so that you can understand the language of your policy, and be a more informed consumer.