What happens if you drive a motorcycle without a license?
In NYC you get a ticket for driving out of class and your Bike is impounded, you have to pay the tow and impound fees, so in NYC the penalty is high!
Why would an auto insurance company send a certified letter?
Insurance is a heavily regulated industry. Companies have timelines they have to meet to stay in the good standing with the state's department of insurance. One recurring theme is that they must communicate with you and handle your claim, your inquiries or changes to your policy.They will often call you to provide an answer but you will still receive a letter explaining exactly what their position is, often with policy language quoted. The most efficient way to document or prove they notified or communicated with you is by certified mail.
What is an average customer acquisition cost for an automobile insurance company like State Farm or Allstate?
Most companies that write a broad range of risks manage to an acquisition cost of $250-$300. Some more detail:Auto Insurance companies typically target acquisition costs of 10-15% of expected Lifetime Premium. The average term (6 month) premium is about $800. Non-standard customers (least desirable/highest risk) have low policy life expectancies -- about 12-15 months, while ultra-preferred risks stick around for a long time -- 36+ months. Given that, you can see targeted acquisition costs range from ~$150 on the low-end to $500+ on the high end.