How Do You Know You Have The Best Price On Your Insurance?

· by Matt Fox · posted August 1, 2008
· filed under Auto, Homeowner category.

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 with no tickets and accidents, if you live in zip code 85207 instead of 85215 (they’re right next to each other) it could be a huge difference in pricing. They may also take into account your age, age of home, types of cars, credit rating, security discounts, prior insurance history and more when determining your rate .

So, if you haven’t shopped around in a while you may want to consider it now. You may be surprised at how much you can save, or how much more you can get for your money. The insurance market is like a third world country marketplace. If you don’t watch your pockets you won’t realize how much has been picked out until it’s too late.

As an independent agency we always have the luxury of being able to shop some of the best companies for you to make sure you’re getting the best price available .

Give us a call at 480-699-7222 or fill out our easy one page online quote forms.

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