There are a tremendous number of people who attempt to defraud insurance companies; it is a constant problem. Documentation is intended to ensure that claims are honest and legitimate.
Most companies require your basic information and the vehicle information including the VIN.
Life insurance companies use the results of the physical exam to determine how much the customer should pay. A healthy person pays less than a person who is not healthy.
Large insurance companies made about 30 dollars per customer.
This may be a matter that is regulated by the Insurance Commission of your individual states. Some may require it - others may not.
Most Insurance Companies do not require you to add young drivers until they are licensed. You should check with your Insurance Agent. Additionally, there is no "set" rate for young drivers; this varies from company to company.
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Pharmaceutical companies and insurance companies will not make as much money!
They typically answer to their respective state's department of insurance. Just like the FDA keeps tabs on drugs companies, the same goes for a department of insurance. They take complaints, investigate them, and make sure insurance companies don't get out of hand or charge too much to their consumers.
Really it is all going to depend on what type of insurance you are needing. Auto, home, or life. They have reasonable prices, and compared to other insurance companies you save 40%.
Your state insurance department is your best resource for insurance-related questions and concerns. Find information on insurance companies and agents, rate quotes and comparisons, insurance buying tips, claims filing information and much more! State Insurance Department websites: http://www.naic.org/state_web_map.htm
I would start by contacting small local insurance companies in your area. Most smaller insurance carriers generally offer much lower monthly rates then larger insurance companies.
Many millions.