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…)