LAS VEGAS - nvtip -- You and your next door neighbor may drive similar vehicles and have the exact same auto insurance coverage from the exact same provider, but your premiums may be drastically different. Why?

To determine your premium, your auto insurance company uses a complex algorithm that takes countless factors into consideration. Some of those factors are obviously related to driving, such as how many speeding tickets you've had and when you received your last one, the age and type of vehicle you drive, and how many insurance claims you've filed in the past. Other factors seem completely unrelated to your driving habits, such as your age and gender, occupation, marital status.  If you have a teen driver on your policy, they may even look at their grades in school.

All of these factors come together to paint a picture of who you are and how likely you are to file an insurance claim. In other words, if you are a 25-year-old unmarried male with a lead foot and an affinity for expensive cars, you're going to pay more for insurance than your married counterpart who has a sparkling driving record and drives an old clunker. The more likely you are to file a claim and the more money that your insurance provider is likely to pay out on your behalf, the higher your premium will be.

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You may notice that your premium can change from year to year. That's because if even one factor that affects your rate changes, say, you got married, bought a house, or changed careers, your premium is re-calculated.

Are you worried that you're overpaying for auto insurance? At Nevada Insurance Enrollment, your auto insurance agent can help you review your coverage and see if you qualify for any discounts.

Read the full article:
https://www.nevadainsuranceenrollment.com/how-do-insurance-companies-decide-auto-insurance-premiums/

Learn more:
https://www.nevadainsuranceenrollment.com/auto-insurance-las-vegas-nevada/

Nevada Insurance Enrollment
4260 W. Craig Road suite #150-A
North Las Vegas, NV 89032
(702) 898-0554
Website: NevadaInsuranceEnrollment.com