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Old 04-25-2008, 12:48 PM   #11
stiles watson
Montana Master
 
Join Date: Sep 2004
Location: Leona
Posts: 6,382
M.O.C. #2059
Factors that affect rates:
  • Price of the unit
  • Age of the unit
  • State on residency and in some states, County of residency
  • Coverages and exclusions
  • deductibles

In general, state insurance laws control what can be offered in a particular state. The same insurance company will have different rates and/or coverages than in the state next door.

At one point in my life I held a securities license and a casualty license along with a life license, all in the state of Texas. Things could get very confusing within the same state much less between states. I have concluded that insurance is an enigma, shrouded in complexity, then clothed with confusion. I become highly skeptical of those who "know" with certainty. Lest ye be offended, the last comment was directed at no prior post. But if the shoe fits.......
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