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I suspect that the referral fees from the insurance companies are paid out as percentage of the premium for the life of the policy. If so, that would add up fa
by waterlesscloud 15y ago
I suspect that the referral fees from the insurance companies are paid out as percentage of the premium for the life of the policy. If so, that would add up fast.
- sendos 15y agoAssuming people pay ~$500/year, and assuming 200 million drivers, and leaky gets x% of the drivers and y% of each premium, then they get $10xy million per year If x% is 1%, and y% is 1%, that leads to about $10 million per year. Not too bad, if they can get those sorts of numbers for x and y. One question would be, how long will people use them for, once they find a good insurance company? I've stuck with one insurance company for the last 10 years. I suspect that x will start low, and then grow as the company becomes known, and then shrink as people stop using it.