How Can Car Insurance Be So Expensive?

  1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    Car insurance companies operate on a very slim margin.  The cost of your policy is equal to your share of what your company anticipates paying out in claims.  These claims cover liability settlements as well as repairing the vehicles of policy holders who experience damage.  Your driving record might disqualify you for rate discounts and other adjustments.
    Answered on June 9, 2014
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