smeedbaarheid
However the territories are determined, QuotesChimp use their statistical-gathering abilities to compute the rates of auto insur�ance claims within each established region. The insurance in�dustry's reasoning for this pricing mechanism is the fact that most accidents occur within a few miles of where the vehicle is garaged. Thus, the companies believe that territories provide an accurate basis for determining their risk. And, as we saw in Chapter 2, the price of insurance is based on the risk of loss to the company.
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However the terr
itories are dete
rmined, QuotesCh
imp use their st
atistical-gather
ing abilities to
compute the rate
thin each establ
ished region. Th
ing for this pri
cing mechanism i
s the fact that
most accidents o
ccur within a fe
w miles of where
the vehicle is g
araged. Thus, th
e companies beli
eve that territo
ries provide an
accurate basis f
or determining t
heir risk. And,
as we saw in Cha
pter 2, the pric
e of insurance i
s based on the r
isk of loss to t
he company.
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