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Auto insurance
Asked by: shero5
from NIAGARA FALLS, NY
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can my auto insurance company drop me because Filed 3 claims with in 3 years?
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Yes, they can drop you at any time. You are costing them more money than what they make on the average amount of time a person stayes with the company. It's a complicated calculation, but involves a risk-to-income look at policies written. Kind of like how interest rates work on a credit card. If a person is at high risk (low credit score) for return on investment (credit limit) then the interest rate will be higher and if you don't pay, they can cancel your card. Look at a large underwriter ( Eastwood, The General, ect...
Answer Date: 07:38pm 02/11/08









