If you’ve ever purchased insurance, you know how costly it can be. Insurance companies provide rates that are personalized for each customer, based on a number of factors. But do you know exactly how insurance companies determine your rate?
Most people are aware that certain factors, like their age and state of residence, are used to calculate their premium. However, you might not know that insurance companies also consider your CLUE report to set your rate and assess your level of risk. In this article, we’ll explain the ins and outs of the CLUE report and help you understand how it affects your insurance premium.
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