If you ever get an auto insurance quote online, you sit down at your computer, fill out some personal information, click enter, and magically a dollar figure appears telling you how much you’ll pay for the car insurance coverage you’d asked for. Yet, you have no idea how those car insurance quotes were even determined, or for that matter, why exactly prices vary so greatly between companies.
It’s because when you get an insurance quote, your information is processed through a unique algorithm that determines your risk factor. The more at risk you are, the higher the quote. Each insurance company that you get an auto insurance