Why do some people pay high insurance while others pay low premiums?


Car insurance is nothing but an insurance that provides protection for any kind of loss due to accidents, robbery or damage to your automobile. Whenever an insurance policy is taken up by someone, the insurance company makes profit even though they step-in to provide monetary support for medical expenditures and repairs. So, the insurance company makes sure that they are accumulating enough money (through insurance premiums) in case there is any issue such as accident, theft or damage. If the company feels there is a high risk involved in providing someone an insurance policy, it will charge high insurance premiums. An insurance company may also consider  not providing an insurance policy if it feels that risk involved is too extreme.