Insurance costs vary and depend on a number of factors. The age, sex, medical history, occupation and location are some of the factors that go into the calculation of insurance premiums.
Take precautions and cutting bad habits or improve certain lifestyle defects can lead to lower rates.
factors that cause a higher insurance premium rates
- The smoking or tobacco use. one of the most expensive habits you may have, wise-prime. A cigarette smoker on average may be asked to pay up to 50% more than non-smokers. Quitting smoking will help bring your rate down, but only after a long observation period. Most insurance companies expect at least 1 year before offering a partial refund, and a full three years before allowing parity in terms of premium rates.
- obesity. By itself, obesity is not a cause of an increase in premium rates, but because most often results in heart problems and / or diabetes, it is considered a decisive factor for the calculation of insurance premiums obesity. If your body mass index (BMI) is a little more than what is considered healthy, your contribution rate will reflect. It is advisable to ensure you are not overweight when go into your medical examination and make sure that your recent medical records do not refer to obesity or because they will be checked.
- Other medical conditions. cancer, cholesterol, asthma, cardiovascular disease, and even depression can disrupt your contribution rate drastically. All that is indicative of a poor health history will be detrimental to your insurance premium. The evaluator will review the history of your family, too, because some diseases such as diabetes and thalassemia have been known to pass by hereditary or genetic means.
- Driving records. driving record of an individual is taken into account for calculating life insurance rates. If the individual in question has a propensity to violate traffic laws, it is assumed that he or she is a greater risk in terms of life expectancy, and the premium will certainly reflect. The most innocuous violations such as parking tickets will generally affect insurance rates, but accidents and serious offenses will be.
- Occupation . People with more dangerous such as motor sport racers jobs, drivers and construction workers are more likely to encounter a fatal accident at work. Therefore, they will pay more. The dangers you put in on a daily basis will definitely affect your insurance rates.
- extracurricular activities. Your hobby may also have an impact on your insurance rates. If you like sky diving, bungee jumping and other recreational activities that might be considered risky or dangerous, they will end up costing you.
These are the main factors that affect your rates. With AccuQuote.com, simply fill in your details and we will help you run through dozens of major carriers to find a policy that best fits your lifestyle.
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