Could Your Household Income Be Impacting Your Auto-Insurance Rates?
Although most drivers are aware that the number of traffic tickets or prior at-fault accidents on their driving record can be enough to skyrocket their premium rates, many may be surprised to learn that a much more innocuous factor—household income—can be used by many insurance companies to assign risk and set rates. Read on to learn more about how this figure can be used to calculate your insurance-premium rate as well as learn about some options if you don't feel your income adequately reflects your riskiness as an insured driver.
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