May 07, 2009 by AllorNothing AKA The Black MikeT | Posted in Politics

I have talked to people and they seem to be arrogant and defensive when I ask them about the statistics want a reason for my rate.they say things like:


They don't have to justify any rates to any customer.

If I

I doubt that the guy sitting in his office knows or cares how his firm works out their statistics but If you really want to know, you can openly check how they do it, just get in touch with your State's Insurance Department and take it from there..

May 07, 2009 by AllorNothing AKA The Black MikeT | Posted in Insurance

Because they can tell anyone this is what you have to pay and not give you a reason for it.

They can't. The actual algorhythems are trade secret. The statistics, are purchased from Comprehensive Loss Underwriting Exchange, and owned by them.

Actual rates are on file with your state insurance commissioner - if you can figure

Feb 19, 2010 by Stephen T | Posted in Insurance

Statistics show young men have more accidents so naturally they will pay more for car insurance. IF statistics showed one race got in more accidents or one race had their cars stolen more could insurance companies legally charge more to them? Serious

Car insurance is not "sexist". It does, however, base it's rates on proven statistical data. Unfortunately, insurance is the one business that must decide how high their experenses will be BEFORE they incur the costs. There can be no profit