Cheaper doesn’t signify Better… - Posted by JT-IN
Posted by JT-IN on July 08, 2003 at 07:32:26:
You mention Better, as in the two companies are inferior… Actually, I think that those two companies are two of the better companies out there today… (strictly my opinion, having doen business with both companies, and still do with the latter one).
Auto Owner’s is another company to shop, but what you will find is that a doubling in premium is more the norm of today’s insurance market. Claim issues involving MOLD and the fact that the insurance market has been soft (competitive) for the past 5 years or so… and companies are attempting to reduce business exposure by eliminating appx 15% of each agents clients, have hiked premiums for all of us. New underwriting practices have entered the fray, and there are now even more ways to rate up policies too… Whether it be past claims, your debt exposure off of your personal credit rating, your driving record, or the fact your home address ends in an even or odd number (I just made that one up, but it may be coming soon), all enter into the rating of whether you or I are an acceptable risk to the insurance carrier.
The ability to buy insurance, if even at double the premium, may become more of a factor than what it costs. My suggestion is to get with an agent/agency that really wants you as a client and shop within their companies. Consider reducing coverages or raising deductibles to lower premiums. Jumping from agent to agent may become more of a detriment, as time goes on, unless the market changes… and I don’t see it anytime soon.
Just the way that I view things…