Actuaries at indemnity companies spend their integral careers looking for bantam statistical nuances that can predict the likelihood that person will file a claim — and that can justify charging higher premiums. Some of the criteria are obvious, such as your repel record for car indemnity or your medical history for life and health indemnity. But some are surprising. Each insurance company has its own rules, so it ’ second significant to shop around before buy.
1. Your credit score. Auto-insurance companies have found that people with low credit scores are more likely than those with high scores to get into accidents, so they charge them more when they can. That ’ s another good reason to pay close attention to your credit score. ( A few states, such as California, wear ’ thymine allow insurers to use credit scores when setting rates. )Skip advert

2. Your home’s claims history. Insurers share information on homeowners claims for up to seven years through the Comprehensive Loss Underwriting Exchange ( CLUE ). When you apply for policy, the company looks at the claims history for your home, even for the time before you lived there. If the house has a history of water-damage claims, for exercise, it may be more probable to have future problems—and insurers will boost your rate. You can check a theater ’ sulfur CLUE report either before or after you buy it.

3. Your car’s horsepower. You ’ d expect a Porsche Carrera to cost more to insure than a Toyota Camry. But if you buy a six-cylinder Camry rather of the four-cylinder model, it is normally more expensive to insure. In general, a four-cylinder car with control horsepower is less costly to insure than a six- or eight-cylinder cable car. You can get a approximate esti­mate of annual insurance costs for more than a thousand vehicles with our newfangled cable car rankings tool .Skip advert

4. Your driving record. Your record of moving violations can affect your rates for life and health policy in addition to car indemnity. Life insurers are worried about a higher risk of car fatalities. More than two moving violations in the past three years is a reasonably typical cutoff for the best rates, says Byron Udell, CEO of Some insurers permit three moving violations, but others allow alone one. And some health insurers will reject you if you ’ ve had a DUI within the past three or five years, says Keith Mendonsa, of

5. Your colleagues. If you have health policy through work, the rates are based on the average risk of the group of employees. And the group ’ s health and age can make a boastful deviation, specially for small companies ( this will change in 2014 because of the new health care law ). If your colleagues tend to be older and prone to illness — and submit a distribute of claims — your health policy premiums will by and large be higher than they ’ five hundred be if you worked for a start-up filled with twentysomethings. If you ’ re a healthy young person surrounded by preretirees with health ailments, you may be able to find a better hand on your own with an individual policy, whose rates are based on your own long time and health. You can get monetary value quotes for individual policies at and a list of all policies in your area at .

6. Your weight. Obesity causes all kinds of medical issues that could shorten your life. And some life insurers have tightened their requirements for the best rates. The rules — and foundation rates — can vary a draw by insurance company. But you may be ineligible for the lowest premiums if you ’ re 6 feet tall and weigh more than 205 lbs ( with a consistency multitude index of more than 27 ), says Byron Udell, CEO of Your stature, weight and body mass exponent can besides make a big difference in your health indemnity rates ( this will change in 2014 ). A study by found that person with a soundbox multitude exponent of 30 or above pays 22 % more than person with a BMI of 25. If you ’ ve recently lost weight, you may not get credit for your slender torso until you ’ ve kept the pounds off for at least a year.

7. Your education and job. Auto insurers found a correlation between education and claims, with fewer claims from people with higher education levels. Each degree of department of education you ’ ve completed may help lower your rate a bit, says Robert Hunter, director of policy at the Consumer Federation of America and early Texas policy commissioner .Skip advert Your job can besides earn you a lower cable car policy rate. Some companies offer lawyers and executives the best rates, and propertyless workers the worst. Teachers often get a discount, besides.

8. Your family’s health. Most life insurers won ’ metric ton offer the lowest rates if your parents or siblings died of affection disease or cancer before age 60. But some will boost your rates if any of those syndicate members had heart disease or cancer before long time 60, even if they didn ’ thymine die from it, says Udell.

9. Your zip code. studied cost differences by travel rapidly code and discovered that a 40-year-old man with a houseclean drive commemorate and a 2012 Honda Accord would pay an average of $ 730 per class if he lived in Bullhead City, Ariz. ( the least-expensive town in its analyze ). But that same person with the like car would pay $ 1,280 if he moved barely a few miles, across the Colorado River, to Laughlin, Nev. “ The remainder by zip up code is normally hundreds of dollars, if not thousands, ” says Des Toups, managing editor program of It ’ s all based on the indemnity claims in your area and state laws that affect coverage and rival.

10. Your hobbies. If you skydive, hang glide, rodeo ride or race cars, boats or motorcycles, don ’ metric ton expect to get the lowest life insurance rates. Insurers may ask you a draw of questions about your hobbies when setting rates. For case, some types of aqualung dive are o, but others — such as deeply dives, cave diving or diving without PADI ( Professional Association of Diving Instructors ) certificate — can knock you out of the best-rate level, says Udell. Plans for alien travel to hazardous areas — including obvious hot spots such as Afghanistan, and less obvious ones such as Monterrey, Mexico — can besides knock you out of the best-rate category, he adds .

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