Your Insurance Agent Could Save You Thousands Of Dollars
· by Matt Fox · posted March 13, 2008
· filed under Auto, Insurance Agents, Personal Insurance category.
Buying insurance is about as much fun as a rash.
There are companies that sell via internet, toll-free 800 numbers, through associations, and whatever manner they can . Insurance companies think if they cut out the agent their distribution costs are less. Many consumers like this option. That’s fine.
The more I see of these companies tactics, the less I like what they do. As a consumer, you need to be aware. We’ve had customers tell us they shopped and found better rates at some of these companies. When we compare coverage, the direct insurance companies often only give state minimum liability limits and remove important coverage options.
Imagine having an accident and finding out you’re not covered adequately for the lawsuit against you, you’re not covered for the medical bills, and you have to pay for your rental car.
One company’s website has an option for ‘lowest price’ when shopping. If you click that option it automatically defaults to minimum liability limits, doesn’t include common coverage options which creates gaps for many customers.
Anyone can remove coverage to lower rates. I’ll say it again and again…
“THE REAL COST OF INSURANCE IS THE PREMIUM PLUS THE COST OF ANY UNPAID CLAIMS!”
A good, knowledgeable agent can save you thousands…not only at claim but at policy inception too. When we go back with the customer and add in all the removed coverage options, the insurance companies we represent are usually less expensive than these direct insurance sources. And, you get an agent.
Buyer beware when using direct shopping companies. You have no recourse when you make the mistakes.
Comments
Got something to say?