Auto Insurance

Auto Insurance

Why Does Auto Insurance Cost So Much?
The cost of Auto Insurance is crazy!  Why is it so high?  Companies that sell auto insurance are in business to make a profit so this is how you figure out the price:
Cost of Claims + Company Expenses + Company Profit = Price
So if a company issues insurance policies for 10,000 cars and those drivers have 1000 claims that cost $4000 each then the Cost of Claims = $4,000,000
Same company has employees to pay, TV ads to run, papers they print stuff on, a nice website and various other expenses that all add up to $1,000,000 per year, these are the Company Expenses.
Every Insurance Company is in business to make a profit so they add anywhere from 10-20% to the price so they make money.
Cost of Claims ($4,000,000) + Company Expenses ($1,000,000) + Company Profit (10% x $5,000,000 = $500,000) = Price ($5,500,000 divided by 10,000 cars =
 


Why Do I Have To Buy Auto Insurance?

Who Sells Auto Insurance?


Car insurance plans are designed to help cover potential car-related damages, loss or injuries from a financial perspective. Maintaining proper insurance not only helps protect you and your vehicle in the case of accident, but it also serves to protect your passengers, other drivers, pedestrians and property.  Additionally, car insurance helps protect you in the event of a lawsuit associated with an incident involving your car.

With so many car insurance companies available, as well as various coverage options to choose from, it's easy to get overwhelmed when deciding which particular company and insurance plan is a good fit for you. We consider each client's individual needs and make the process of obtaining affordable insurance a quick and easy process! 

We will provide you with rates from multiple insurance companies to help you shop for the best combination of price and coverage and clearly explain the options, so you can make the best decision on which plan works best for you.


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