Frequently Asked Questions

A rate class is a way for an insurance company to group you with other people who have a similar risk factor to determine a fair price for your insurance. As you can see there are several rate classes. Actually, there are dozens more that are not shown due to the vastly different ways each company puts people in a class. Each company has its own rules regarding which class an individual person will be placed. Therefore companies will charge different prices for the same rate class. The determining factors are age, gender, build, personal habits, health history, and occupation. The art is to find the company that will give the individual the best personal rate. It takes a trained and experienced agent to know which company will give the best rate to a 46 year old scuba diver with borderline high cholesterol. The difference between companies could be thousands of dollars in premiums.