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Do all auto insurance companies offer the same coverages and discounts?
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Most of the basic coverages, such as Liability, Collision, Comprehensive, Personal Injury Protection, Medical Payments, Uninsured Motorist, etc. are offered by major companies. But, discounts, specialized coverages and auto insurance ratings can vary between companies. For instance, not all companies offer Loan/Lease Payoff coverage, student discou
Are auto insurance companies regulated?
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1 Answers
Each state requires auto insurance companies to file how they calculate customer rates, and insurers cannot deviate from these filed rates. Each state also has regulators who review that information and the rates companies charge.
How are car insurance quotes calculated?
Asked by unknown
1 Answers
Insurers will ask you a series of questions when calculating your car insurance quote. This helps them to determine the risk they're potentially taking on and how likely you are to make a claim on your policy. Generally, insurers evaluate (rate on) the same factors when calculating premiums, but - as no two risks are identical - prices can vary fro