As I’ve said before, it’s just a fact of life that insurance companies are in business for money. And more specifically, they want to make money. So they offer the worst of both worlds when it comes to offering consumers their insurance. One is, in many cases, very low-risk. This means that you’re still covered for only one of the many things you can be sued for.
For most people, these low-risk policies are a rip-off, and the company that offers them is very likely lying to you about what they will cover. The bad news is that, in most cases, even though you’ll be covered for one of many things, you’ll still pay more for your insurance.
You see, a lot of people get insured for their homeowners insurance, but in return for this coverage, theyll get a lot more coverage on their policies. In fact, most people get their first quote for their homeowners insurance before they even get an insurance quote for their auto insurance. That means that their auto insurance rates are much higher than their homeowners insurance rates. It’s a classic bait and switch.
It’s the same reason why you get a tax deduction for your car repair expenses. Why the government makes it so you have to pay on your homeowners insurance even though you already have it? Insurance companies make money by collecting (or blackmailing) consumers who don’t pay their premiums.
The most frustrating thing about the bait and switch is that the more you know about auto insurance, the less you understand the law. It takes far more time and effort to understand the law than it does to sign up for auto insurance.
The federal government, and the government in general, have taken a lot of flak lately for their efforts not doing enough to address auto insurance. In fact, it seems that the only reason the government will even talk about this subject is to get people to pay more for auto insurance in the first place. But the truth is that it’s not just the government that’s not doing enough.
As we’ve seen throughout the last few years, there are several issues with the current system of auto insurance. As it stands today, there are two types of insurance: “traditional” and “comprehensive.” The traditional way of insurance is to have one company handle all your insurance needs. This company will offer you different forms of protection from different companies.
The problem is that these companies have their own agendas and policies. They don’t really want to work on the same things as the car companies, they want the government to work on them, and they want the rest of us to pay more to do so. Not only do they have their own agendas, but they have their own greed, which is why the insurance companies are going after everyone, in particular those that don’t have high deductible car insurance.
This is the problem with insurance companies though. If you are the owner of a car, and you have no insurance, you are out of luck. The only good thing about this is if you are the owner of a car and you have insurance. Then you can be a little more selective about who you insure.