Tuesday, October 9, 2012

MARYLAND CAR ACCIDENT LAWYER The role of the insurance company. Just what are the premiums?

An automobile insurance company makes money by, in part, taking in premiums, and, over time, having lower operating costs [e,g, monies paid out in claims] than those premiums. Just how much are those premiums? Maryland car accident lawyers know that Maryland is an expensive place to insure a car, costing about $929 year for full coverage. Maryland car accident lawyers handling Baltimore car collision cases may know that it costs a hell of a lot more to insure that same car in Baltimore City- $2842 a year, on average. [Source: Insurance Information Institute, 2012].

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