How Do You Know You Have The Best Price On Your Insurance?
August 1, 2008
Wow, it’s been a very busy month here. A lot of people are feeling the financial crunch from the rising gas prices and are looking for lower car insurance rates. I’ve also seen a few people shopping for insurance quotes after buying motorcycles and hybrids as another way to help lower their gas expenses.
As an independent insurance agent it’s very interesting to see the price difference in car insurance or home insurance from one company to the next.
Here’s an example:
I recently quoted one family for their three cars and home insurance . They also have a 16 year old teenage driver.
- With three of our insurance companies the car insurance alone was around $4000 for the year ($333/month).
- With two other companies the rates were $2200 & $2800 for the year ($183/month).
- They’re currently paying around $3600/year with an ‘on the corner’ insurance company.
- All are ‘A’ rated companies.
So, why is there a $2000 difference in price?
Well, every insurance company has a different taste for what they consider an acceptable risk. While you may be a good driver Read more