The accident numbers for the oldest drivers skew perceptions among auto insurance risk analysts, who tend to characterize the entire population of over-65 drivers as “high increasing risk” This means that drivers between 65 and 75, whose accident rates remain relatively close to drivers in the middle-age categories, subsidize the drivers over 75. (more…)

There are lots of cases of unfair insurance payment between insurance holder and the insurers. How to settle this issue? If you disagree with the insurance company’s handling of your claim, you can and should take action. In most states, the process of appealing a claim is a series of increasingly confrontational steps: (more…)

The objective of life insurance is to provide compensation to the beneficiaries or legal heirs in case of death of the insured. For this reason, there are fundamentals that must be taken into consideration before making a purchase of life insurance. (more…)

PRUPAC (Prudential Project Advisory Committee) estimated that the senior discounts insurance would apply to about 25 percent of its customers.

That low loss rate means a lot to insurance companies. One example: Colonial Penn Property/Casualty Insurance Group, which also specializes in selling insurance to seniors, had enjoyed two decades of strong performance when it decided in the early 1980s to expand beyond its traditional market. (more…)

Nowadays, insurance companies are becoming put more weight data into account to calculate the price of insurance, whether car, motorcycle or moped. The competitiveness nature of insurance industry requires different companies operating in our industry to segment their maximum rates, taking into account a wide range of data you submit to their complex (more…)

Car insurance for women is historically cheaper than coverage for a man. Insurance companies insure women driver based on a lower rate because their risk of getting in an accident or having a claim is reduced. History and statistics indicate that women are safer drivers than their male counterparts. It may not seem fair when broken down but a man and a woman with the same driving record, same car, same geographical location and with all of the same variables (more…)