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Paragon Independent Insurance Agencies, Inc

6305 Preston Road #1000
Plano, TX 75024

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How do auto insurance companies assess my risk?

Insurance companies are all about assessing risk. When you purchase car insurance, the company considers various factors in determining how much of a risk you pose and what your premium should be. Paragon Independent Insurance Agency explains how auto insurance companies assess risk and why it’s crucial for Plano, TX, drivers to understand this process. 

Factors Used to Assess Risk 

Auto insurance companies use two main factors when they evaluate an applicant’s risk level: personal information and driving history. Personal information includes age, gender, marital status, credit score, residential address (location), and occupation. Driving history includes accidents or moving violations reported to the Department of Motor Vehicles (DMV). Texas also allows insurers to consider prior insurance coverage when assessing risk levels. 

These factors are so important because they give the insurer insight into how likely you are to file a claim in the future. For instance, younger drivers tend to be more prone to accidents due to their lack of road experience—which is reflected in higher premiums. Similarly, individuals with bad credit scores may also be deemed high-risk applicants since studies have shown that people with low credit scores tend to file more claims than those with good ones. 

Contact Us Today

Auto insurance companies use various factors when determining an applicant’s risk level—from personal information and driving history to discounts or special programs that can help lower premium costs. Understanding this assessment process can help Plano, TX residents get the best possible coverage at the most affordable rate from their chosen insurer. Contact Paragon Independent Insurance Agency today to learn more about auto insurance policies and how they can protect you on the road! We’re ready to answer all your questions and find the right policy for your needs!

Biggest Safety Risks In The Workplace

You can’t afford to ignore workplace safety if you are a business owner. If employees get injured on the job, it could add to serious liability for you and your company. At Paragon Independent Insurance Agency, serving Plano, TX, we want to help business owners avoid these types of liabilities. Keep reading to learn about the most significant safety risks in the workplace. 

Falls From Heights 

If you have employees working at heights, you have an increased risk of injury from falls. Not only does this type of injury pose a big threat to the workplace, but falls from heights are usually very injurious. Victims of these types of injuries are often seriously injured and require an extended recovery time. Be sure you comply with all safety measures for employees working at heights and that everyone working at heights is properly trained. 

Machinery Injuries 

If your employees are frequently operating machinery, they are at increased risk of injury by machinery or machinery malfunction. Many machinery injuries take place because employees are not adequately trained before being allowed to operate the machinery. It is your responsibility as the employer to ensure that all employees are appropriately trained for any machinery they operate. 

Electrical Injuries 

Electrical injuries are also a big threat depending on the type of workplace. If employees must interact with electricity, it is imperative that they are adequately trained and certified to be doing such work. Remember, if they get injured, you are liable. 

If you would like to learn about commercial insurance or liability insurance, please get in touch with us at Paragon Independent Insurance Agency, serving Plano, TX.  



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