So far it is the only thing that have lowered car ins, not seat belts, nouns bags, no cell phone use while driving, backing up alarms and adjectives the other improvements, aggressive DWI check points and anti theft devices.NOW they blame the high rates on fraudulant claim scam...But now the fact the gas companies are making HUGE profits and it easier said than done to drive, insurers are now forced to be competitive.
Answers: Insurance rates are cyclic - and go up and down base on company/industry loss ratios - premiums paid IN versus losses salaried OUT.
Currently, insurance companies have reduced rates (in general expressions ONLY) because of industry profits - so, the market is "soft." When the tide turns (and it will) and companies have losses base on storms, tornadoes, major calamities, the flea market will harden up again, and we will see insurance rates steadily climb. This could be caused by repair costs, building bits and pieces costs, or whatever.
Insurance companies are advertising more, trying to seizure more and more market share.
Good luck and I hope this helps!
CA License Registration Question?
Answers: Insurance rates are cyclic - and go up and down base on company/industry loss ratios - premiums paid IN versus losses salaried OUT.
Currently, insurance companies have reduced rates (in general expressions ONLY) because of industry profits - so, the market is "soft." When the tide turns (and it will) and companies have losses base on storms, tornadoes, major calamities, the flea market will harden up again, and we will see insurance rates steadily climb. This could be caused by repair costs, building bits and pieces costs, or whatever.
Insurance companies are advertising more, trying to seizure more and more market share.
Good luck and I hope this helps!
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