How do insurance company's digit the ammount of premiums for liability insurance?

Answers: In general, insurance is based on your age, the nouns the vehicle is kept at night, your driving history, the approximate damage your vehicle can exact, the year, make and model of the vehicle you are insuring, the limits of coverage you select and the use of the vehicle. You will receive a discount on your rate if you own any safety devices on the vehicle, any type of defensive driver's course (if applicable surrounded by your state), and multiple policy discount (i.e. renter's insurance and auto policy with same insurance provider).
Rates do vary from company to company because of the risk you pose to the insurance company. For example, if in attendance are more younger people insured with one company, your rates will be lower because the risk is duplicate across the board.
I hope this helps. Source(s): I'm a licensed insurance agent
Liability has much much more to do next to the driver than the car your driving. The major factor are age, driving record, your zip code, and credit. Source(s): Insurance Agent

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