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Why do insurance rates vary so much?

By Ashwath on Oct 21, 2007


  • it varies since the companies offer different rates of discounts to the clients and the decleration they give to the insurance companies regarding the previous claims experience
    Answer by Guru Yogi on Oct 21, 2007

  • cities are classified as A B C so different premiuim rates are applicable at different city but also in renwals thru borker and direct company rates will differ slightly as commison add up etc and no claim bonus too plays a role in renewals
    Answer by Liv Vasudevan on Oct 21, 2007

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