How Car Insurance Losses Impact Consumers

State Farm reported a loss on car insurance of $7 billion in 2016. It’s a staggering number, and they aren’t alone either. Allstate, Geico, The Hartford, and Travelers also experienced losses last year. One of my carriers shared with me for every $1.00 they took in for car insurance premium, they paid out $!.10 in claim losses, and that didn’t include the catastrophic car losses caused by our recent tornadoes and hail storms.

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A Baker’s Dozen Ways to Save on Home Insurance

No one wants to pay more for their Texas home insurance than they have to any more than they want to pay their hard earned money to someone who’ll nickel and dime a claim. What people want is to pay a fair price for their home insurance without being over or under insured. With that in mind, here are a dozen ways you can save on your Texas home insurance.

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Too Old to Drive?

In August of 2012, Preston Carter, a Los Angeles centenarian (he was 100 years old at the time of the accident), injured nine children and two adults when he backed his car onto a sidewalk. The injuries were serious but thankfully, no one died. Mr. Carter simply misjudged what he was doing. He thought he was turning onto a street instead of backing onto a sidewalk full of parents and children buying snacks from a sidewalk vendor. According to the Los Angeles Times, Mr. Carter had a valid driver’s license and a clean record. The LA Police Department did not file any charges but they did look into his competency to keep a driver’s license.

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