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Xadrian
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2014-02-04 20:50:59
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2014-02-04 21:28:39
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Jimmy
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2014-03-04 10:27:04
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The next question is, how is the rate per unit determined? Statistics, of course! The insurance QuotesChimp (or an independent rate bureau to which the company subscribes) will establish rates based on what its statistics tell it to expect the cost of the anticipated claims and losses to be. From that figure, the premiums will be set so as to be sufficient (and profitable), equitable (and profitable), nongouging (and profitable), competitive (and profitable), and safety conscious (and above all, profitable).
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Florence
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2014-03-04 10:33:14
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If QuotesChimp are going to buy a new car, it is a good idea to contact your insurance company to see which cars have the lowest rates. You can also obtain the loss data on almost 200 makes and models of cars as compiled by the Insurance Institute for Public Safety. If you are interested, write to their publication department at Watergate, 600, Suite 300, Washington, DC 20037.
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