Ever wonder how premiums are calculated? We give you a look at the hows and whys of insurance prices!

Residing within certain limits (some of which are implemented by law), your home, business, and other kinds of insurance premiums are calculated to mirror the probability of loss. When making a claim, you extract funds from the pool of insurance premiums paid by all policeholders. Those who are unlikely to take from this pool will pay less than those who are more likely to draw from it.


Auto Insurance Premiums

When calculating insurance premiums for your car, insurers will consider the make, model, and year of your vehicle. The driving records of all individuals who drive the car, as well as where you live, are also considered.


Home Insurance Premiums

In order to determine how much to charge individuals for home insurance, insurers must first look at a variety of factors to determine how likely it is that you (and others in similar situations) may make a property insurance claim, and how much that claim will cost.


Business Insurance Premiums

Frequently called Commercial Insurance, Business Insurance premiums, insurers base premium calculations on a number of factors, including what type of business you plan to insure and the strategies you have implemented to manage risk.


We can provide you with competitive premiums for the insurance products you need! Contact Shaw Sabey  today!