Auto Insurance 101 – Understanding Your Premiums

Auto Insurance 101

“Man, my auto insurance is so expensive! Why does it cost so much?!”  We know auto insurance is a necessity because it’s illegal to drive without out, but why does it cost so much?

The short answer, it’s all about risk.  Insurance companies calculate your insurance premium by evaluating a variety of factors to try to predict the risk of you making claims in the future.  This short video explains what they look at and how it affects the cost of your auto insurance.

Insurance 101 - What Determines the Cost of Auto Insurance?

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Insurance 101 - What Determines the Cost of Auto Insurance?
2:37

If you drive a car, then auto insurance is a necessity. It’s the law! Your insurance company calculates your insurance premium by predicting future claims experience based on a variety of factors. Watch our video to learn more about what determines the cost of your auto insurance.

 

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Duration: 2:37
Lectures: 1
Level: Beginner

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