January 2, 2009, Newsletter Issue #150: Car Insurance Company Standards Are Set By State Board of Insurance

Tip of the Week

Your car insurance company does not arbitrarily set its own rates in 49 states, Illinois being the exception. The company must petition to charge appropriate rates from your state's board of insurance. The Board regulates the car insurance rates in your state, and legally approves the car insurance company's rates. Your state board of insurance is designed to monitor all activity of insurance companies on the behalf of private citizens and businesses. They allow issue (and sometimes revoke) licenses to insurance companies and agents based on their meeting of certain state requirements. All agents and companies must be able to meet standards for conduct and auto insurance knowledge.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Exclusive Sponsor

CarInsurance.com provides all the information necessary to help our customers make an educated decision when it comes to auto insurance. in addition to the tips provided by LifeTips, we also offer an online Learning Center on our site.

Our Learning Center contains a variety of information from Articles on auto insurance and other car topics, to the last in insurance related news headlines. We also have a Questions & Answers section to help you find answer to some of the most commonly asked questions, and we encourage you to ask your own questions as well.

Stay informed with all the tools available at CarInsurance.com to help you get the most affordable rates for the right coverage.

Not finding the advice and tips you need on this Car Insurance Tip Site? Request a Tip Now!

Guru Spotlight
Sherril Steele-Carlin