Insurance company pitchmen are funny, engaging and ultimately popular. That's not a coincidence; rather, it is by design. How else are you going to sell a product that you arguably won't ever need. How else are you going to get people to buy something that is pretty expensive and only has value because the law requires drivers to have it on each vehicle they own.

Indeed, saving money and having the convenience of a trusted partner to be help when you are in need are two important things for insurance companies to provide, but they come at a cost. This means that there may be a catch to all of the benefits than an insurer advertises. Simply put, there are a number of things that an insurer may not want you to know before you purchase a policy.

This post will describe a few of them.

Your insurance policy will make the insurer money even as you save money - Just like in any other industries, insurers have to offer incentives to earn your business. So while you may save money on a policy that has a lower premium, the company still reaps the benefits by making money if they can find a way to deny payment on a policy.

Insurers judge consumers by their credit scores - If you have a lower credit score, chances are that you may pay more for your premium. Insurers believe that there is a correlation between poor credit scores and the probability of being in an accident. Hence the higher premiums.

Young drivers are a risk insurers love to take - Insurance companies are in the business of discriminating against younger drivers. Car accidents are the leading killer of drivers aged 15-20. Given that these drivers are more likely to be in an accident, premiums for this group are going to be higher.

If you have been injured in a car accident and need assistance pursuing your claim with an insurer, an experienced personal injury attorney can advise you.

The preceding is for informational purposes only and is not legal advice.