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Your Choice Auto Insurance

Allstate has developed a better, more affordable way to help keep safe drivers covered and rewarded. Accidents happen – we understand. We also understand you deserve something back when they don’t. Now it’s time you get the auto insurance you’ve always wanted. The auto insurance features listed in the chart above are available in many states and provide greater choices and the rewards you deserve – from day one and at an affordable rate. Check to see if Your Choice Auto Insurance is available in your state.

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Controversies
 
The insurance industry and rent seeking

Certain insurance products and practices have been described as rent seeking by critics. That is, some insurance products or practices are useful primarily because of legal benefits, such as reducing taxes, as opposed to providing protection against risks of adverse events. Under United States tax law, for example, most owners of variable annuities and variable life insurance can invest their premium payments in the stock market and defer or eliminate paying any taxes on their investments until withdrawals are made. Sometimes this tax deferral is the only reason people use these products. Another example is the legal infrastructure which allows life insurance to be held in an irrevocable trust which is used to pay an estate tax while the proceeds themselves are immune from the estate tax.

Reference: www.wikipedia.org

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Auto Insurance
12 December,2003
Automobile Insurance
Auto Insuranceknown in the UK as motor insurance, is probably the most common form of insurance and may cover both legal liability claims against the driver and loss of or damage to the insured's vehicle itself.

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If the likelihood of an insured event is so high, or the cost of the event so large, that the resulting premium is large relative to the amount of protection offered, it is not likely that anyone will buy insurance, even if on offer.

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