Prime Rate Credit

Comparing insurance quotes in depth that come in the mail or over the phone may pay off nicely by saving you quite a bit of money. Most of us don’t like change and think that because we’ve had a certain insurance agent for years we shoukd just stay with them.

Without looking into the quotes seriously and comparing each item covered and the deductible involved , we may underestimate the savings potential. Sometimes, the savings may be nonexistent or minimal. In that case, staying with your present company would probably be in your best interest.

Recently, I was curious to investigate a quote I had received in the mail from a competitor for my homeowner’s insurance. The savings on the quote was significant at about $100.00 on my annual premium. After taking a trip to the office of the competitor, I was pleasantly surprised by the financial advantage offered to me if I switched companies. The results were better than I would have imagined.

By changing insurance companies and putting my automobile insurance together with my homeowner’s policy, the savings were sizable. As it turned out, the car insurance was signifigantly less also, especially when combined with the homeowner’s insurance.

For my particular situation, the payment premium per month for both my home and my car was equal to exactly what I had been paying previously for my car insurance alone. The net result financially was like eliminating the entire bill for my homeowner’s annual premium.

This particular scenario is unusually advantageous as even the competitor insurance company admitted. When calling the prior insurance companies, they could not match the prices and were gracious about making the change. Even the existing insurance companies stated that they all go up and down all the time and it pays to periodically compare.

All coverage remained the same even with the savings. If you see a competitor’s quote in the mail and it looks like a savings, it is worth at least a phone call and a line by line comparison of coverage. The net result and bottom line could mean significant savings for you.