The math of lower rates:

The reality is that most families have a choice of at least 10 if not 20 insurance companies that are willing to provide the insurance for their vehicles and home.  So let’s assume you come up with 15.  At least 80% of people will qualify for a rate with all companies, this may not  be a rate you like so let’s say 8 of them are higher than where you are now.  That leaves 7 companies with a rate comparable to yours, maybe a little higher maybe the same maybe lower.  Now what?

Now you find a professional agent to help you sort through them.  Factually they should know most nuances in regards to billing and additional coverage that may best fit your situation.

But I already have an agent and my rate still seems to go up.  You are also probably told it is inflation or “just how it is…”  or “everybody is raising rates” or one of my favorites ” rates are just higher in (insert your state here)…”  Well I have no idea who everybody is because everybody is not raising rates every year, the inflation excuse is mostly non sense especially if you have an older car and it is by no means just how it is.

Have some fun with your agent, spend 10 minutes looking at the companies listed on their website.  Then ask to see the quotes from all of these companies.  If you want to push it further ask them if they have relationships that allow them to access more companies.  Of course the company you choose to insure with is a mutual decision between you and your agent.  If changing companies and not entirely sure use the power of Google and research the company a bit.  5 minutes on their home page, 5 minutes on their Twitter feed and maybe 10 more at your state department of insurance web site should be more than enough to form an opinion.

Thanks for listening let all the insurance marketing you see make you more aware not just a price shopper.

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