The first car insurance policy in the United States went to a Buffalo doctor named Truman Martin in 1898. He paid $12.25 for $5,000 in liability coverage and was more worried about horses than other car drivers. At the time, there were about 4,000 cars and 18 million equines sharing the roads.
Buying insurance has changed significantly since then. When you bought your first policy, you probably called one insurance agent or the company your family already used. There was not much choice, or at least no easy way to compare insurance offers, and the price was what it was.
Since then, the process of choosing and buying car insurance has changed…
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