In spite of the millions
the big insurance companies spend on marketing, the industry remains inefficient, search and discovery is still messy and there really hasn't been much innovation in recent memory.
Big insurance companies spend a ton of money trying to make people feel they're the best option.
Not exact matches
The five
biggest insurance companies in the U.S.
spent around $ 3 billion on advertising last year, which of course got passed on to customers.
Finally, Hunter suggested becoming something of your own
insurance company when making
big purchases, by taking the money you would have
spent on the warranty and saving it in a separate account instead.
Faso believes the existing health care law should be repealed and replaced with a plan that allows for flexible
spending or HSA accounts for all people — not just those who work for
big companies or government; that there should be more
insurance options with fewer mandates that drive up premiums but also cover catastrophic care without crippling deductible payments; and that there should be more incentives for doctors, nurses, nurse practitioners and physician assistants.
In fact, California's medical malpractice
insurance industry has become so bloated due to this cap, that «as little as 2 or 3 percent of premiums are used to pay claims» and «the state's
biggest medical malpractice insurer, Napa - based The Doctors
Company,
spent only 10 percent of the $ 179 million collected in premiums on claims in 2009.»
In 2013, State Farm — another one of the
big -
spending auto
insurance companies —
spend only $ 802.8 million on advertising.
Big insurers, having
spent billions in advertising dollars to convince consumers that their
insurance is cheaper than the other
company's, may not embrace the comparison model.
Right behind AARP, this
company spends big dollars to sell you their term life
insurance plan as a means to cover your final expenses.