The average American spends over $1,700 annually on auto insurance. That money is gone regardless of what good of a driver they are. What if there's an Auto Insurance company that is made by the people for the people? The idea is simply this, every 6 months the driver who doesn't have any accidents or tickets will receive a portion of their payment. That will continue to increase until they receive up to 50% of their premiums. They could also use their earnings to invest in 401K or mutual funds.
With that model, we now encourage people to drive more responsibly in return for receiving a portion of their payments. The auto insurance market is huge and monopolized by a few companies. I have yet to find any of them that offer long-term refunds to their members.
This concept will help millions of Americans earn a bit of extra income while becoming better drivers.
With that model, we now encourage people to drive more responsibly in return for receiving a portion of their payments. The auto insurance market is huge and monopolized by a few companies. I have yet to find any of them that offer long-term refunds to their members.
This concept will help millions of Americans earn a bit of extra income while becoming better drivers.
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