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How Insurers Determine Your Premium:

By Dan Soons

Tell us a little bit about your company and its foundation.

Your home is one of your most important expensive possessions & investments. NB Insurance will present you options that adequately cover your home. We will always look to combine home and auto coverage together if savings are available. You will see options that combine and separate coverage's, an informed consumer is our goal.

Alex, sorry for the delay. Dan in our office is working with this process from now on and should be your contact. I hope that we have answered your questions .

Business owners often are too busy doing business and cannot spend time on the details of running their business. NB Insurance will present a business owner a framework and proposal comparison to make a business decision. When working with NB Insurance we take your business needs as if they were ours. You will feel confident that your decisions are backed up with easy to understand data needed to make an informed decision for your business.

First off, what is the definition of an insurance premium?

Insurance premium is the money you pay the insurance company in exchange for coverage

What factors do insurance companies use to determine your premium?

There are many different factors. To highlight some, here are some for auto: Driving Record, Value of car, Garage Location, Deductibles. Some for your home: Age of home, updates done to plumbing, electrical, and heating. Roof age, location, animals, deductibles. There are also discounts that can be for highest education level, security systems, and multiple policies.

Why is my income not a factor in this process?

Your income is not being insured, your possessions are being insured like your home or car.

Is there any way to receive a reasonable premium with a low credit score?

Yes, a credit score is only one of many factors to calculate the premium.

What's the best way for people to get in contact with you and your company?

Call the office at 802-864-6962. You can call my cell phone at 802-922-3779 or email me at

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