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Risk Factors in Car Insurance Premium Calculations

Risk Factors in Car Insurance Premium Calculations This feature was Contributed by Jamie Englert from Carfinance247.co.uk When determining the amount of your auto insurance premiums, insurance companies normally use what is commonly referred to as risk factors. In insurance terms, risk factors simply refer to the likelihoods of the driver being involved in an accident. In addition to establishing the number of times you are likely to make claims, risk factors are also used to establish the amount the insurance…

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