Florida Insurance Licensing Practice Exam 2026 - Free Insurance Licensing Practice Questions and Study Guide

Rating factors contribute to insurance premiums, and factors such as location, age and construction type of a home can impact the cost of a homeowner's insurance policy. However, the gender of the owner is not considered a rating factor and does not affect the premium. This is because insurance companies use statistical data to assess risk and set premiums, and gender is not a reliable predictor of risk for homeowners. Therefore, it is not a factor in determining the cost of a homeowner's insurance policy.