Why is there big difference in premiums between different insurance companies?
For same client, the premiums of different insurance companies are different. Sometimes the difference can be more than 50%, which means you can save a lot of premium if you have compared the premiums from different insurance companies.
The reasons that make premium difference include:
• Different insurance company has different ways to assess risk. One company may treat a condition as high risk and increase the premium, while another company may not assess the condition as risky and lower the premium.
• Different insurance company has different underwriting criteria. Some companies have more strict criteria and their clients are healthier and less likely to make claim, so their premiums can be lower than the companies whose underwriting criteria is not strict and have more clients to make claim.
• Some insurance companies, especially the big companies, can afford more risk. So they can offer lower premiums.
Please compare your premiums from the main insurance companies in our website to find the most competitive premium.
For same client, the premiums of different insurance companies are different. Sometimes the difference can be more than 50%, which means you can save a lot of premium if you have compared the premiums from different insurance companies.
The reasons that make premium difference include:
• Different insurance company has different ways to assess risk. One company may treat a condition as high risk and increase the premium, while another company may not assess the condition as risky and lower the premium.
• Different insurance company has different underwriting criteria. Some companies have more strict criteria and their clients are healthier and less likely to make claim, so their premiums can be lower than the companies whose underwriting criteria is not strict and have more clients to make claim.
• Some insurance companies, especially the big companies, can afford more risk. So they can offer lower premiums.
Please compare your premiums from the main insurance companies in our website to find the most competitive premium.