Minimize the Cost of Auto Insurance

Auto insurance companies categorize potential policyholders as either standard or high risk drivers, determined by information gathered during the underwriting process. High risk drivers will be required to obtain high risk auto insurance, which means higher-cost coverage. The reason high risk auto insurance costs more than standard insurance is because, from the insurance company’s perspective,…

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Statistics Car Insurance Companies Track

High risk auto insurance is what insurance companies sell to drivers they classify as high risk because, statistically, these drivers are more likely to file claims against their policies. Some insurers won’t even write high risk auto insurance for what they consider to be unacceptably high risks and, when they do, the premiums will likely…

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