Where do insurance companies get money?
Where do insurance companies get money?
Most insurance companies generate revenue in two ways: Charging premiums in exchange for insurance coverage, then reinvesting those premiums into other interest-generating assets.
What determines your insurance premium?
Some factors that may affect your auto insurance premiums are your car, your driving habits, demographic factors and the coverages, limits and deductibles you choose. These factors may include things such as your age, anti-theft features in your car and your driving record.
Would you expect Lauren’s deductible to be higher lower or the same as Jerry’s why?
Would you expect Lauren’s deductible to be higher, lower, or the same as Jerry’s? Why? I would expect it to be lower because of the premiums cost. Where do insurance companies get the money to pay for losses suffered by their customers?
