Final answer:
False. More than half of every dollar of auto insurance premiums received by insurance companies is not used to cover costs associated with lawsuits.
Step-by-step explanation:
False. More than half of every dollar of auto insurance premiums received by insurance companies is not used to cover costs associated with lawsuits.
The average person's payments into insurance over time must cover the average person's claims, the costs of running the company, and leave room for the firm's profits.