Insurers use your driving history, location, age, and even credit score to predict how likely you are to file a claim [7, 12, 14].
When an accident happens, a modern "story" involves four stages: submission, adjudication, processing, and payment [24]. autoinsurancew
The story began in in Dayton, Ohio. A man named Gilbert J. Loomis bought the first-ever automotive liability policy from Travelers Insurance Company [11]. At the time, cars were rare and often terrified horses on the road. This initial policy was simple: it protected Loomis if his "horseless carriage" damaged property or injured a person [11]. The Growth of Coverage Insurers use your driving history, location, age, and
Today, the story of auto insurance is driven by data and technology. A man named Gilbert J
States began mandating insurance. Massachusetts became the first state to require it in 1925 to ensure victims of accidents could be compensated. Today, almost every state (except New Hampshire and Virginia) requires some form of auto insurance [40]. The Modern "AutoInsurancew" Experience