Insurance Fundamentals

Do you know how insurers determine premiums? Do you know how insurance adjusters quantify risk? Unless you are familiar with these very basic insurance concepts, you will probably end up making poor decisions about your auto insurance policy. The more informed you are as a consumer, the better able you will be to determine which policy is a good deal, which insurer is best, etc. Familiarizing yourself with just a few basic auto insurance principles can prevent your insurer from taking advantage of you.

Buying auto insurance without the help of an agent or broker can save you money, but it can also be risky if you don't know what you're doing. If you plan on purchasing coverage on your own, you will find these posts especially helpful. We'll explain things like what the average policy covers, how to distinguish between cancellation and nonrenewal, and how to define a total loss. Even if you do intend to work with an insurance professional to find a policy, these articles will better prepare you for the encounter.