How do car insurance firms utilize the premiums?

Answer When you pay your car insurance premiums, you may wonder where the money goes. People often assume that premium payments represent pure profit for the insurance company, but these dollars are actua... Read More »

Top Q&A For: How do car insurance firms utilize the premiums

Can an employer offer the same insurance to employees but fully cover the premiums for some and require others to pay half of the premiums?

Answer No, if they are similiary situated individuals. It could be done by class - say management vs. salariedFor more details Read More »

How to Lower Your Auto Insurance Premiums Using Insurance Price Quotes?

This article will take you through the process of lowering your insurance premiums through the use of insurance price quotes.

How are insurance premiums calculated?

Insurance premiums are calculated based on risk. Individuals determined to represent a high risk will pay more than those deemed a lower risk to the company.LocationAuto and health premiums are hig... Read More »

Can you deduct insurance premiums?

The Internal Revenue Service permits taxpayers who have unreimbursed medical insurance premiums to deduct them from their taxes. Other types of insurance, such as homeowner's insurance, car insuran... Read More »