The amount of car insurance liability coverage you need can be a very complicated decision. Before even beginning to discuss the amount of coverage you need, you must understand exactly what liability coverage is. There are two overall types of liability coverage. Types of Car Insurance Liability Coverage Let’s define these both below. 1. Property …
Why Your Car Insurance Liability Coverage is Likely Too Low Read More »
If your car insurance is cancelled it can be frustrating, confusing, and raise many questions. In this article we discuss common reasons why insurers decide to cancel and non-renew customers. We’ll help you determine what to do (and what not to do!) if you find yourself uninsured. Top Reasons Your Car Insurance Was Cancelled If …
How each car insurance company prices its policies is a closely guarded secret. Most car insurers have teams of data scientists that are constantly tweaking their algorithms to determine the perfect price to sell car insurance to each person (these algorithms collectively are an insurance company’s “pricing model”). Because insurers intentionally hide their pricing models …
Why do car insurance companies charge different prices? Read More »
Every year auto insurance premiums continue to climb, but is it always wise to change car insurance companies? How do you know whether it’s worth it to change providers? In this article we walk you through the complicated and personal decision of selecting a car insurance company. Price Shopping Even if you are happy with …
Car insurance companies make money in two ways. The first way your car insurance company makes money is through “underwriting profit”. Put simply, an insurer makes an underwriting profit when they charge drivers more than they pay in claims. The second way they make money is through “investing profit”, which is the profit the insurance …
The 2 Ways Your Car Insurance Company Makes Money Read More »
