The insurance industry is perhaps one of the most competitive and less predictable spheres. It’s associated with risk. Therefore, it’s always been reliant on statistics. These days, data science has altered this.
Now, insurers have a broader range of information sources for the pertinent risk evaluation. Here’s a list of ways in which the insurance company can use your data.
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When it comes to selecting car insurance, at times it’s easiest to go with your friends’ recommendation or the latest commercial.
However, it’s probably not the way to go about it. Bear in mind that service quality and car insurance can differ considerably among policies and selecting the lowest cost could be more costly if you’re involved in an accident.
For this reason, it’s important you ask your insurance agent the right questions. This way, you’ll save yourself frustration and time. Here are 10 questions you need to ask.