When it comes to personal auto, 85% of policyholders believe it is fair to consider a driver’s previous traffic violations when setting rates, while 76% think reviewing claims history is fair. Credit: Andrii Yalanskyi/Adobe Stock When it comes to personal auto, 85% of policyholders believe it is fair to consider a driver’s previous traffic violations when setting rates, while 76% think reviewing claims history is fair. Credit: Andrii Yalanskyi/Adobe Stock

Although nearly half of U.S. home and auto policyholders said paying for insurance is becoming more challenging, most agree that the methods insurance companies use to determine rates are fair, according to a consumer survey from the Insurance Research Council (IRC).

Overall, consumers view rating factors such as the condition of a home, the cost to rebuild and the number of miles driven annually more favorably than methods that are tied to a policyholder’s personal profile, such as their education level.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

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