There are many factors that go into deciding what your insurance premium will be. Actuaries are the busy men and women who take all the risk factors and compute them to determine your individual premium. For example the premium you pay for your auto insurance or life insurance is based a lot upon your age, one gets you a lower rate and the other a higher rate.
There are other factors that are considered when insurance premiums are calculated like where you live, if you do or don't smoke or drink, what activities or hobbies you engage in, how healthy you are and more. Some of these factors work to determine the price of one premium and some apply to all premiums. Some of these risk factors can be controlled such as if you smoke while others are beyond your control such as your age (no matter how badly you would like to control them)!
Web Design - Small business custom website from EverestWebDesign.com.
Rich Christiansen - Management metaphors at RichChristiansen.com.