How Insurance Works.

While it may seem complex, insurance is really quite simple: The payments (or premiums) of the many pay for the losses of a few. Your premiums go into a large pool, if you will, at your insurance company. The claims of the few are paid from that pool. Because there are more people contributing to the pool than there are making claims,

Auto Insurance: Remember You Get What You Pay For.

Auto insurance rates can be too high. People's auto insurance companies may have raised their rates because they received speeding tickets. When this happens, they decide that they don't have to take this treatment and they look for another insurance company that may offer them a lower quote. Comparison websites make it possible to find an insurance company to quote a lower price for auto insurance, but it may not be so easy to find good coverage for the price that is being offered.