I am curious about the prices in insurance for both property/casualty (including home , auto , boat , valuables you can securer ,...etc)
And the other category of insurance life/health
What I want to know is what the average person pays for the different types of insurances in each of the 50 us states for 2012/2013 ish era? (the min, avg, max would be perfect)
Also want to see a chart of the last 20 years so I can estimate the growth of economical rise in insurance rates for each type and why?
The reason for this is I want to better understand insurance types/rates/options and what a reasonable price is for each in the event of me having to go thru a insurance agency for something. Since for me there is no frame of reference so one could say two cents or a thousand dollars and that would be meaningless to me in determining how they came up with that figure.
There must be some equation for this... for example like $2 per ft of wire or something because the raw material cost that. Although I know it is a losing battle when it comes into sentimental things like health , life... but for property/valuables I would see this as possible at least just basing it on the 2 factors. raw material cost + labor
So if there are any insurance agency out there that don't mind posting the math equation/formula there using it would be great. It is probably like something like raw materials + maybe labor to remake + there stipend
The problem with this formula is "maybe labor to remake" and "the insurance agents stipend cut/profit"
That is the areas I am most curious of for insuring valuables and that would be the 2 cost factors that would effect the cost of the price compared to the raw lowest cost for just materials it could be.
So I am assuming there is some type of insurance profit/cut formula / reasonable average to stick with in estimating if they are ripping you off or giving you a deal. (in terms of what they should be getting for a stipend)
The labor to remake is normally out of there hands I would imagine though the insurance agency could effect it if they where bringing more business to the fixers ... example would be auto mechanic they charge X but they now charge Y which is less then X. But since they get more customers from the insurance agency they make more over all... I get that.
Thanks for any thoughts,opinons,logic , theory , and help
As I am lost in figuring this out and am a good predator for getting screwed over in the event that I have to find insurance for something on my own.
And the other category of insurance life/health
What I want to know is what the average person pays for the different types of insurances in each of the 50 us states for 2012/2013 ish era? (the min, avg, max would be perfect)
Also want to see a chart of the last 20 years so I can estimate the growth of economical rise in insurance rates for each type and why?
The reason for this is I want to better understand insurance types/rates/options and what a reasonable price is for each in the event of me having to go thru a insurance agency for something. Since for me there is no frame of reference so one could say two cents or a thousand dollars and that would be meaningless to me in determining how they came up with that figure.
There must be some equation for this... for example like $2 per ft of wire or something because the raw material cost that. Although I know it is a losing battle when it comes into sentimental things like health , life... but for property/valuables I would see this as possible at least just basing it on the 2 factors. raw material cost + labor
So if there are any insurance agency out there that don't mind posting the math equation/formula there using it would be great. It is probably like something like raw materials + maybe labor to remake + there stipend
The problem with this formula is "maybe labor to remake" and "the insurance agents stipend cut/profit"
That is the areas I am most curious of for insuring valuables and that would be the 2 cost factors that would effect the cost of the price compared to the raw lowest cost for just materials it could be.
So I am assuming there is some type of insurance profit/cut formula / reasonable average to stick with in estimating if they are ripping you off or giving you a deal. (in terms of what they should be getting for a stipend)
The labor to remake is normally out of there hands I would imagine though the insurance agency could effect it if they where bringing more business to the fixers ... example would be auto mechanic they charge X but they now charge Y which is less then X. But since they get more customers from the insurance agency they make more over all... I get that.
Thanks for any thoughts,opinons,logic , theory , and help
As I am lost in figuring this out and am a good predator for getting screwed over in the event that I have to find insurance for something on my own.