Insurance companies?
Why do insurance companies charge motorists so much?
Answers:
Because they are in business to engineer a profit and they have to discharge out on approximately 75% of policies
because of all the idiots who drive next to no licences m.o.t or insurance when claims are put within someone needs to recompense for them
So they hold enough to foot the claims, and cover their overhead, and make a bit of profit for their stockholders.
There are billions of dollars a year paying for fraudulent claims filed from stupid associates. Not to mention all of these morons who don't take insurance or file frivolous claims which increase everyone's insurance.
Each motorist is charged a different rate. The rate is determined by the risk of that motorist. Things such as age are a factor. Good ages for men are 25-64. Good ages for women are 22-64. Your personal credit score can be considered surrounded by most states. Better the credit, better the rate. Of course a person's driving history is a huge factor. Some companies charge more in persuaded areas because they have a high loss rate there. I could shift on for days about how insurance rates are determined. Insurance companies do not profit from insurance premiums. They profit from the investments made next to the premiums.
Because of the several people who cannot drive and after get into accident. The higher the claim rate, the greater the risk, leading to greater premiums. Then again, insurance is always expensive when you discern like you won't have need of to use it.