what is car insurance rates?

Len Bormes: It means the amount you pay for car insurance will be more than what other people pay. People that have no accidents and no tickets pay less because they have a lower risk for having an accident and a claim.It is all about risk. Those that have bad driving records pay more because odds are that they will have an accident and the insurance company will be paying a lot of money .Since you are a higher risk driver you will pay more money than other people do. Hope that helps....Show more

Neely Youngblut: It means that the price for car insurance increases.When young drivers have accidents, and the insurance has to pay for the damages, it causes the insurance companies to eventually increase their rates in order to keep up with the increase cost of claims for them. This is a way for insurance companies to somewhat compensate for all their claims, and also as an incentive for young drivers to know that they have to drive better and take lots of training to ! avoid high rates.California is one of the most expensive states in the US when it comes to insurance, since there is a lot of traffic and the accident rates are high....Show more

Joaquin Dronko: It means the amount you have to pay for car insurance. In many states, if you get in a car accident, your rate goes up (you have to pay more for your insurance).

Efren Clankscales: In order to determine the price of your insurance (aka: premium). They use several factors. Most of the these factors are based on a scale (aka: your rate). For instance, the difference between a 34 yr old driver and a 35 yr old driver will be very small, if any. However the difference between a 25 yr old driver and a 24 yr old driver is quite a bit. From 24 to 18 even more. Why?Young drivers are much more likely to be in accident. Over 300,000 teens are injured in car accidents each year. Almost 6,000 teens die each year from car accidents. That's not even counting the minor accidents where n! o one is injured. Because of this, insurance companies charge ! much more for inexperienced drivers. If young driver's were to drive more carefully, it could save them and their families thousands of dollars with lower insurance rates. Not to mention, it could save their lives.Good luck with your project...Show more