Welcome to Fundy Mutual!

Summer is here and that means a new wave of teens getting cars and other seasonal hazards. To make sure you’re prepared, we want to give you a few tips on buying car insurance. Today, we’ll focus on how your insurance rate is determined.

Two factors determine the price of your policy, underwriting and rating. In underwriting, your insurer assesses the risk associated with the applicant and then decides if they qualify. Your rating is based on the results of the underwriting process and dictates the price you are assigned for your unique risks.  

 There are many things that can affect your rate, such as your driving record, geographic location and any characteristics you might share with high claims groups.

Thank you for watching and be safe!

Check back soon for more tips!