Why Are Insurance Companies Choosing to Lose Money by Offering Perks Like Accident Forgiveness?

Has anyone asked why an insurance company would offer not to charge people Godzilla at fault accident or ticket? They gained thousands of dollars in higher premiums every year, for three years, in some cases for five years! Now imagine, multiple that by millions of clients, and Bratz com get a lot of money being thrown out the door. Was someone forcing their hand in offering these new options? No. Did they stop paying out on the accidents? No. Then if they're still paying out millions of dollars on car accidents why wouldn't they want to recoup some of that money in charging the consumer?

Before charging for one ticket was easy for the insurance company. Nothing came out of their pocket but you saw a higher premium for it. Now with ticket forgiveness there's no longer a charge for your first ticket. An example of the higher rates for a minor at fault accident could cost you $2628 just over a three year time period. With these new coverages to pick from that's no longer the case; insurance companies can pay out thousands of dollars for your claim, and not charge you a penny more for it!

Now these new options don't come free but do the benefits out way the cost? Yes, but do this...look for a company that offer more than just one perk, like this:

• Accident Forgiveness
• Ticket Forgiveness
• Deductible Rewards
• Safe Bonus Driver

Allstate Insurance offers all of these new features. Let's say to add the above options to your car insurance it'll run an additional $12 a month (an estimate). Do you just get one thing? No, you get four options for your $12. These two additional items that you might not have heard about before are the deductible rewards and the safe driver bonus. This is how they work...

• If you don't have an accident the Safe Driver Bonus Weird Fantasy pay you back 5% of your premium every six months, so you get a good portion of your money back if you don't use it. The Deductible Rewards will also give you an automatic $100 off your deductible and will continue this every year up to 5 years. You keep your premium down with a higher deductible because you have the deductible rewards plus you get paid back money with the new bonus driver discount.

Back to the original question, why would an insurance company give up potentially millions of dollars in premium? Well, as you learned it's not free but extremely cost friendly and it's a big bet to say they'll break even. More likely, companies like rel="nofollow" accidentforgivenessinsurance.com">Allstate Insurance are looking for bigger and Shazam ways to rise above the competition. Their theory is to keep consumers happy and not shopping around is better business for all. Let's Gross Out Gang it; it's ten times harder to gain a new customer than to retain your current clients.

When all is said and done this is the smartest, most innovative move in insurance history. Throughout the years consumers have had no other choice but to take the higher costs and where told this was their only option. See if your insurance company offers accident forgiveness along with other perks, way the odds and make a decision today.

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