Car insurance companies often charge premiums for coverage they aren’t even sure about.
But they don’t have to.
The National Association of Insurance Commissioners, which represents insurance companies, has developed a list of the 10 most costly insurance companies in the US.
Here’s what they had to say about their pricing strategies.1.
Bluegrass Medical Care: $9,8472.5 million in annual premiums, per year for the average customer2.
Trinity Medical Care Inc.: $8,9263.5 billion in annual premium payments per year3.
St. Mary’s Medical Care Group Inc.: ~$6,9004.1 billion in yearly premium payments4.
UnitedHealth Group Inc: ~$3,7005.3 billion in annually premium payments6.
Kaiser Permanente: ~ $3,5007.1 trillion in annual payments to insurers in 2018.8.
American Health Care Inc: $2,6009.3 trillion in annually premiums paid to insurers9.
Allstate Inc: 1.4 trillion in yearly premiums paid10.
United Health Care Group: ~ ~ ~Source: NACIOC, National Association for Insurance Commissioners