Auto insurance premiums are calculated using underwriting and rating methods. Underwriting involves an insurer determining the level of risk a policyholder presents. They consider personal information, driving record, and a variety of risk factors to determine the likelihood of a claim. The rating assigns a price based on the estimated cost to the insurer. The more risk a person is willing to take, the lower the premium will be. The most popular types of auto insurance policies are liability, collision, comprehensive, and collision coverage. auto insurance norman Some states require drivers to carry liability insurance. Other states do not require this. However, it is a good idea to keep a…