Why are car insurance companies allowed to profit off the customer so much?

Why are car insurance companies allowed to profit off the customer so much?

Why is this not a top domestic issue? Say you pay your allocated amount of car insurance for 20 years.. if I get into an accident why would I have to pay a deductible? Especially if the insurance company made that much of a profit off the consumer, to have the audacity to ask for a five thousand dollar deductible… or any really if you paid out more than that anyway.

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


RELATED:

Does Whole Life Insurance Make Sense for me.?

I’m 42 married with 2 kids. I have $1.5M term life purchased through an irrevocable trust and my wife has $500,000 of term. We have no mortage, car payments and college savings are basically taken care of. We have high level of current income and both plan on retiring around age 50 to 55. Does a $1M whole life policy make sense for me?


What’s a good first car for low insurance?

I’m buying a first car soon, and I don’t want the insurance to go through the roof. My mom offered to just give me her 3-Series but I’m afraid it’ll make our rates go up if I’m the primary driver, but I know nothing about insurance so help me out here… I don’t really care what the car is AS LONG AS… It is 1995 or newer Has the basics (power steering, air conditioning) Reasonably comfortable Reasonable gas mileage–doesn’t have to be too great NOT a Honda. At all. I really hate Hondas with a passion and that kind of lowers the list, but oh well.. It doesn’t really need all the fancy bells and whistles–just needs to be comfortable, cheap-ish insurance, and easy to fix. I’m looking into Buicks right now. My mom said she likes the Scion tC, and I don’t really mind either (but it does look kind of girly). Any other good options? Thanks!


Where to get cheap insurance for 50cc geared moped?

Where to get cheap insurance for 50cc geared moped?


Health Insurance?

I am past 40 and need health insurance. Where do I call or look for it?

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes

Should I get Life Insurance?

I am single with no kids right now


How should I go about choosing a term life insurance broker/company?

I’m married with two children and have one more on the way (very early on in the pregnancy). I’m 29yo, but my father passed away of a heart attack when he was 39. I’m having trouble going the easy route… ie, online, and need some advice on how to choose someone.


Do you have Life insurance?

Just wondering if you had life insurance, we have insurance for everything else, such as car, home, health. Why do you have Life insurance, or why not?


Why are car insurance companies allowed to profit off the customer so much?

Why is this not a top domestic issue? Say you pay your allocated amount of car insurance for 20 years.. if I get into an accident why would I have to pay a deductible? Especially if the insurance company made that much of a profit off the consumer, to have the audacity to ask for a five thousand dollar deductible… or any really if you paid out more than that anyway.

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


Is it better to pay out of pocket or go through insurance?

Im 19yrs old I have been insured for 6 months I just had a car accident. The person who’s car I damaged is willing to get this resolved without involving the insurance companies. Estimated cost of repair is $2,100. Should I pay out of pocket or get the insurance involved?


Car Insurance Payment Delay?

I have State Farm insurance and my monthly payment is coming up on Thursday. I’m signed up through their automatic payment where they automatically take the payment out of my bank account. Some people don’t think it’s a good idea but it’s better than sending a payment through the mail. But the thing is, the clutch on my car recently went out and had it fixed. And because of that, I don’t have enough money for my insurance payment coming up. I do get a paycheck soon, but it won’t be until Monday. So can I call state farm and ask them if they can hold off on the payment until then? Any help would be appreciated, thanks.


I heard that if you have good grades, your insurance rate will go down.?

I’m about to get my permit this summer, but I have one F (I’m not a slacker, but I just couldn’t handle the work) Anyway, my mom said that if I don’t get this F up, I can’t get insurance, cause nobody will insure me. Is this true? Also, another question… Do I only need insurance on a car, or do I need my own insurance or could I drive my mom’s car legally (when I have my permit)?


Car insurance ideas?

Im nearly 16 next year im 17 (obviously) this sounds pathetic but im going into the forces i realized when i come back from training i could afford a Jaguar XF but i need an idea about the insurance i want it as soon as im 17 i know im abit young but im careful and responsible so if anyone could tell me how much my insurance roughly would be ill be paying like 12k for the car.


NYS Healthcare Insurance for 26 year old?

NYS Healthcare Insurance for 26 year old?


Health insurance?

do you need a ss# or be legal resident to have health insurance?


Where can I get low cost health insurance in the state of PA?

I’m poor and unemployed, my working class parents are going to be paying for my insurance. I need medical insurance for next to nothing, for prescriptions, counseling, dental care, etc. basic stuff. I’m thinking $80 a month at the most, preferably less. Can anybody direct me to low cost health insurance?


How much (about) would insurance cost for a Lamborghini Gallardo (at 16 yrs old)?

over 1000 a month?? no problem looks like im set.


Why are car insurance companies allowed to profit off the customer so much?

Why is this not a top domestic issue? Say you pay your allocated amount of car insurance for 20 years.. if I get into an accident why would I have to pay a deductible? Especially if the insurance company made that much of a profit off the consumer, to have the audacity to ask for a five thousand dollar deductible… or any really if you paid out more than that anyway.

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


How much monthly would it cost for me to get an apartment in the US?

I would like to know the total living costs… Plus food, gas, insurance, electricity, everything… Like the average cost… I know the apartment would be $460, I already found one, but I don’t know how much it would be for everything else included.


How does car insurance work?

I got my driver’s license last January when I turned 16. Our family only drives one car. My dad has insurance for our car under his name. Do I need insurance under MY name to drive the car too?


What is the insurance group for a Mk1 Volkswagen Golf 1.1/1.3 and GTI 1.6/1.8?

What is the insurance group for a Mk1 Volkswagen Golf 1.1/1.3 and GTI 1.6/1.8?


What is the cheapest home insurance in southern california?

I have heard that there is a california state home insurance program that you can get the cheapest property insurance, Does anybody know what it is called and how can i get a quote?


Insurance on a streetbike?

so i live in southern california 19 years old 3 years car driving experience 0 licensed with a motorcycle valid motorcycle permit 3 accidents on my record 2 including totaling cars… i was wondering if any1 happens ot have close oto the same things and know what i should expect iwth MINIMUM insurance no comp or collision or anything just basic liability.. but i do want max medical payments


How Can I Get the Cheapest Insurance?

Hi I am currently looking to buy a new car but I am unable to due to the expensive insurance costs. To make long story short, I am not yet at the age of 25 and in my household, there are currently two cars, both cars with the primary driver as my father. According to my father, insurance companies only allow primary drivers to drive a maximum of two vehicles. I am currently the secondary driver of one and my mother the other. If I were to buy a car, I would have to be the primary driver, and that would cost a high insurance cost since I am not at the age of 25. So we were expecting to put my father as the primary driver but that would exceed the limit of the primary driver. I also have a younger brother who is expected to drive by next month. How can we arrange the drivers or anything in a way that would give me the lowest insurance costs? What are all the ways? Thank you!


Does your license get suspended for not paying insurance?

Does your license get suspended for not paying insurance?


What will happen because my auto insurance lapsed 2 months in Virginia?

We accidentally let our car insurance lapse for 2 months in Virginia. We paid the insurance company to get coverage again. What should we do with VA DMV? What kind of fine should we expect? Should I contact them? I’m mainly concerned about avoiding a suspended license.

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


Average usaa auto insurance rates?

Average usaa auto insurance rates?


Why did her home insurance agent charge her a fee ?

Her check did NOT bounce. Her check was in escrow from the mortgage company but he had to wait because they would not send the check right away.


Funny Insurance Slogans?

I am looking at funny sayings for my insurance agency. I need either a web site that can get me some or even your own ideas. ideas like ‘we insure all vehicles, even white broncos (for when OJ made news again) Thanks for your help.”


Please, what company can I get maternity insurance coverage with in Florida?

My husband and I are not yet pregnant, but we are already trying. We do not qualify for medicaid and have no health insurance. We do not want to wait the twelve month waiting period before getting pregnant. So far my only option seems to be Ameriplan. I was hoping for more options.



BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes

How would I get insurance on a car being leased in someone else’s name?

My sister and brother in law have the car financed at a bank in a small town. They gave the car to me as long as I made the payments on the car. We don’t intend to refinance the car into my name, however how would I be able to obtain auto insurance if my name is not on the original title?


Why are car insurance companies allowed to profit off the customer so much?

Why is this not a top domestic issue? Say you pay your allocated amount of car insurance for 20 years.. if I get into an accident why would I have to pay a deductible? Especially if the insurance company made that much of a profit off the consumer, to have the audacity to ask for a five thousand dollar deductible… or any really if you paid out more than that anyway.


What do you think is the best, most reliable, and inexpensive AUTO INSURANCE company?

In the state of FL.


Car insurance?

After cheap car insurance within the UK I am first time driver and over 25. Thanks

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


How do you get health insurance ONLY for kids, not adding on to parent’s plan?

I don’t qualify for CHIP. My work insurance is great for singles, ok for married couples, terrible for families. We had insurance with Texas Children’s Hospital for our kids and it was fantastic. Great coverage for low rates. So of course they are stopping offering the plan. I keep going to rate quote sites, but they demand I be on the plan. Can’t you just insure your kids?


So what are the pros and cons of life insurance?

So what are the pros and cons of life insurance?


I just hit a car. how much will the damage cost?

I was driving out of a parking garage and took a turn too tight and my door scraped a parked car’s bumper. it scraped the paint on the left side of their bumper-about the size of a football. it looks like it can be buffed out. but on the top of the scraped part there is a broken part about the length of my forearm-not broken exactly, it is a length of spiderweb-cracks in the plastic. The car is a small black one but i dont know the make. i left a note in their windshield with my number on it. i want to pay for the damage myself so my insurance doesnt go up. does anyone have an estimate on how much this will cost?


Cheap car insurance for young drivers?

Where can i get cheap car insurance? I’m now 18, and I did use to drive a 1.2 Renault Clio, but I had to sell it, because the insurance was so high. I’ve been looking at other cars with small engines, and I have been using price comparison sites, but the cheapest quote I ever got was £3000 (and have done Pass Plus too!!) Is there any way to make insurance cheaper, or is there any insurance companies, that specialise insurance for young drivers with Pass Plus? And is there any other ways to make quotes cheaper? Please help 🙂


Why it is cheaper for an 18 year old to buy life insurance than it is for a 40 year old?

why it is cheaper for 40 year old to buy automobile insurance than it is for an 18 year old? why some people prefer term insurance even though it does not have any cash in value? why other people prefer straight life insurance even though it is more expensive than term? why it pay to buy fire insurance for your home or apartment even though you may never have a fire? why a healthy person still needs health insurance?


When changing auto insurance companies, am I bound by law to show the new policy to the old insurance company?

Say, today is 1st Feb’09. I had an auto policy (from Farmers) that expired on 1st Jan’09. Today, I buy a new policy from a different insurance company(AAA). When I discontinue service with Farmers, am I bound to show the new insurance policy to them? Also, will I get charged for the period from 1st Jan’09 to 31st Jan’09 by Farmers?


How long does it take insurance companies to create your insurance?

My father just bought a mercedez sl 500 convertible. Its a 2000. We got it on saturday. Call the insurance to transfer myself onto the car on monday. todays wednesday and still no word. How long will it take for them to rate the car and post me on the insurance?


Names of Cheap insurance companies in ireland that insure motorbikes??

Just bought a new moterbike and am being quoted mad prices,its only a 125,it shouldn’t be much more than €1000,but im being quoted €1600 by quinn direct? anybody know where i could get it cheaper??


My sister is a paranoid schizophrenic & I want to take out a small life insurance policy on here.?

She lives in NY and is 50 yrs old.

BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes


Why do insurance companys ask how much you paid for your car?

When they don’t want to pay that amount out ! Although you pay that premium.


Why are car insurance companies allowed to profit off the customer so much?

Why is this not a top domestic issue? Say you pay your allocated amount of car insurance for 20 years.. if I get into an accident why would I have to pay a deductible? Especially if the insurance company made that much of a profit off the consumer, to have the audacity to ask for a five thousand dollar deductible… or any really if you paid out more than that anyway.


Top car insurance carriers?

Top car insurance carriers?


How much do you pay for health insurance?

Ack, I’m getting older quick, I’m not 32 anymore! I’m 34… sigh…


Whats the point of Home contents insurance if you have warranties on gadgets vice/versa?

If I have home contents insurance, is there any point in me getting an extended warranty or the other way round?? I have always been confused by this!!


Home & Auto Insurance Rip-Off?

My home & Auto insurance has doubled thisyear. I called today to ask why as I had no claims or tickets. The reason I was told was the new way that rates are based. My agent said that your credit score is now used in the calculation of your rate. With one credit card that I pay off in full monthly and never a late payment nor any outstanding debt i would think I should have scored high on my credit report. I feel by being fiscally responsible I am being ripped off by the insurance companies by this foolish way of rating policies. are their any other insuance companies that still rate you the old fashioned way by your record?


Question About Car Insurance?

Also, If I were to change my insurance would they contact my previous insurance for details?? For example, I currently have AAA, but if I change it to State Farm, would AAA contact State Farm to make sure I’m not hiding anything, such as a driver name.


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