Insurance

How Insurance Companies Make Money Off You



If you’ve ever wondered how insurance companies make their money and how much of it you’re really paying for I’m going to tell you.

I go through how insurance companies invest the premium you pay them. I also explain what an underwriters job is and how it affects how much you pay for insurance . You will be shocked! # insurance advice # insurance #insuranccemoney # insurance $

Please watch my other videos for more insurance advice:

General videos: https://www.youtube.com/user/MarkFlockhart/videos

Insurance advice playlist: https://www.youtube.com/playlist?list=PL2HC7y6IEhFTZTbGM3aVCtPZCFPac1DEL

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Comments (15)

  1. Very informative

  2. This was very informative; thank you!

  3. someone can kindly explain what is .97cents/dollars?

  4. Great vid, very informative!

  5. I'll be recommending you to all my friends looking to learn about car insurance. You were my corner of the internet to learn this whole madness. Thanks!

  6. If you had an accident that was entirely the other drivers fault, do your insurance company raise YOUR premium?

  7. Is melting snow using salt, where some businesses go down and some go up, good for an insurance company ? Or the other companies or cars or businesses facing a loss good for an insurance company?

  8. I was involved in a couple of accidents last year.My monthly payment went from $ 200 a month to $500 then over $1000 a month in the state of La.Needless to say I can't afford this. So what can I do if anything ?

  9. I was involved in a couple of accidents last year.My monthly payment went from $ 200 a month to $500 then over $1000 a month in the state of La.Needless to say I can't afford this. So what can I do if anything ?

  10. what do you mean by 3% per dollar plz explain….

  11. why can't insurance company give some of my money back if i never had any car accident in my life time?

  12. What are the other liabilities that insurance companies have other than claims?

  13. Mark, great video! thanks for making and sharing. have some ideas for your channel if you're interested to make this a go. give me a shout.

  14. Great info, i have a question. i haven't own a car in 5, year and went to buy one last week and found that the cost to insure has more than doubled…for less coverage…in 2011 i own a 07 silverado pick up 25/50 bi 25 li 25/50 un and it was 988 a year the company was electric ins…now they won't even give me a quote same with liberty …the quote i got for a 2013 honda accord are coming in 2100 to 2500 for 10/20….i didn't buy the car because if this….i have never had a at fault accident in my life…i did get a ticket 5/2014 for fail to obey traffic device (right on red) is it possible they have miss information on me…..thanks for any help ….

  15. I am paying $132.00 per month plus + $21.00 for Life Insurance every month? I have asked them to lower my insurance but they keep giving me the run around. I am with Farmers Insurance. I have been with them for 19 years. I really believe that they are charging me too much. I don't know what to do. Please help.

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