It might seem that senior drivers with long no claim history are pretty safe bet for insurers. However those drivers would be paying pretty low premiums as a result of minimal risks. The real money might be on young and new drivers as they would be paying sizeable amount of premiums for a while and they might stay with their existing providers for a long time. So initially they would be paying a lot of money and they could keep paying for a long time albeit decreasing rates.

On that note some insurers might have superior risk assessment capabilities to see the value of every driver. They might calculate the average value of each driver based on the period they are expected to remain premium paying customer. For example if a driver on average stays with the same insurer for 3 years they might take those years into account. So they might be happier to wait until a policy becomes overall profitable in the third rather setting the rates to make sure they make money in the first year.

Those may look to be finer details. But so many finer details make up a premium quote. Drivers could sort out auto insurance companies by getting quotes from a few of them and eliminating the ones with high quotes. The only way motorists could judge insurers’ assessment of them is from the quotes given. Therefore drivers should get a few quotes and compare them. Hopefully several firms will come up with decent rates and drivers will be able to choose the provider they are comfortable with