Insurance Info

Wondering which of the auto insurance companies out there are the biggest? It’s not to hard to realize that these insurance companies are pretty mammoth in size, and that there’s tons of money to be made in the auto insurance industry. The most obvious signal is how much they all spend on advertising. Almost every commercial break you see on TV has an ad for car insurance. Let’s take a look at which companies are the biggest heavyweights in the United States:

#1 Mutual Automobile Insurance Company – In their advertising they boast that they have more customers than both Progressive and Geico. This fact is true and they are the largest of all the auto insurance providers out there. They almost write more premiums than the next two contenders combined. This can be important when considering which car insurance company you’re going to go with. You want to to make sure they have enough financial stability to cover the costs of any claims you file. Also a long-running history shows that they are established and not in danger of going out of business. They have been around since 1922 and they don’t look like they’re going anywhere any time soon. Continue reading ‘The Biggest Auto Insurance Companies’ »

Do auto insurance companies consider you to be someone of a high risk? It is not a secret anymore that high risk insurance will definitely cost more than normal coverage. The market has evolved to a state where there is hope for the drivers considered risky, with lots of ways to reduce their insurance premiums.

What does high risk mean?

Each consumer has a risk factor associated with them that is calculated by the insurance companies. What this means is that the odds that are associated with the customer are represented by the insurance companies using a formula devised on their own. Hence, the higher is the figure, the more complex is the risk that is associated with the customer for the insurance company. As a customer, you will share some of this risk by shelling out a higher premium and increasing the profit levels, effectively leveling the playing field. Continue reading ‘Understanding the Basics of High Risk Auto Insurance’ »