Did You Know These Things About the Insurance Industry?

The world of insurance isn’t a simple place by any means. With so many different coverage plans for seemingly everything in sight, it’s no wonder why so many people consult insurance agents to figure out everything they need. While agents can be quite helpful in navigating this endless world of papers and plans, there is also quite a bit of research you can conduct on your own. There are obviously some insurances that you are required to have as a resident of your country, but others may be a complete rip-off, depending on where you live.

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In this video, we will take a look at some of the lesser-known facts regarding the insurance industry. Let’s get started!

Without a doubt, the highest earning insurance company in the whole world in MetLife Inc. The most expensive insurance premium you can find on a new vehicle is for a Dodge Viper. This is mostly due to the vehicle’s ability to go from 0 to 60 miles per hour in under 3 seconds. The entire insurance industry is worth over 5 trillion dollars in total. Finally, the average person will spend upwards or $231,000 on health insurance alone.