Most people don’t believe it. Given that insurers are people you want to trust wholly; you might not think that they’d keep anything from you. Yet, it happens! The following are just seven examples of facts your insurance provider is praying you don’t find out;

• Your credit score is the single biggest factor

Like it or not, your credit score is the most important factor when determining a quote. A checkered credit history serves as a red flag for insurance providers, forcing them to take precaution with your case, thus higher premiums. On the other hand, a spotless history is an indication that you can be trusted down the line.

• Location is big, big, big

Many times you find yourself haggling over issues such as the age of your car and your last packing ticket. But, did you know that moving from one location to another could result in the biggest savings? For instance, if you were to move from Louisiana to North Carolina, you’d save $1,500 or more a year.

• Education matters

The more degrees you have, the lower your premiums are likely to be. If two people purchase the same auto cover, everything else remaining the same, the policyholder with a Masters degree will pay less than the one with a bachelor’s degree.

• Hiring an attorney will force them to pay more money

When you’re involved in an incident, such as a crash, the first thing your insurance provider will tell you is that you don’t need an attorney. The truth is that they know, and studies have proven, that when you involve an attorney in an insurance claim, the insurance provider ends up paying more.

• The adjustor they brought in isn’t your friend

Rather than ask you to hire a car accident attorney who would fight to get you a fair compensation, the insurance provider will often bring in an adjustor to assess the damage and determine a good compensation. Beware; that adjustor is their business partner. The less money you’re paid, the more money they pocket.

• Insurers are simply looking to break even on your payments

You’ve probably wondered for ages how insurance companies make money. Well, the secret is – they just need to make sure you’re paying them more than you’ll end up asking for. The good news is that they have years of data. What they do is look at that data, figure out what you’re likely to claim, and charge you just a little more to earn their profit.

• The end game, always, is to pay very little, or pay nothing altogether

Through their adjustors, the insurance provider will try every trick in the book to make the least possible payment or to avoid payment altogether. They may even ask you to accept that you’re not that hurt or that the accident may have been partly your fault just to minimize or avoid payment.

If you want to protect yourself in case of an incident, the only solution is to hire a professional car accident attorney.

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