One of the biggest disadvantages of dealing with an agent is that they control the entire transaction. They give little scope for you to make use of positive factors to reduce your premium. Reduction of premium will result in a reduction of income earned by the agent.
Hence, it is not surprising that you always get quotes stating higher and higher premiums. It does not matter whether the insurance industry is doing good or bad, your insurance premium either stays at the level it was last year or goes up. This is the reason why people often think that insurance is an unnecessary expenditure.
However, the truth is that you are being asked to pay more because you are not making proper use of the fantastic positive aspects you possess. It does not matter whether your car is fitted with antitheft devices or not.
It does not matter whether your house has iron bars on the outside. It does not matter whether you are healthy or not. The mere fact that you have multiple insurance policies must be good enough to fetch the best discounts. Why? Economies of scale.
If you insurance premium is very high, then why don’t you shift some insurance policies that you have given to other insurance agents to the same agent. If you park all your business with a single agent, chances are high that your premium will come down.
Some people are not comfortable taking this decision just because their insurance agent promises low premium. There is no need for you to believe the word of your agent alone. You can always get in touch with the top insurance companies on the World Wide Web without even stepping out of your house.
You just have to provide the information required and the estimates shall be on your screen. Once you see that the particular insurance company offers the cheapest deal irrespective of whether you are obtaining automobile insurance, home insurance or life insurance, you can switch insurance policies.
You’ll be surprised to find that your existing agent comes up with a much better deal to discourage you from switching. What was one way traffic will become two way traffic with discounts being offered by your insurance company as well. You can simply convert this entire process into an auction where the highest insurance bidder fetches the maximum business by offering the best possible deal.
It is important to compare insurance quotes before getting signed up with an insurance policy. When you compare insurance quotes you can rest assured you are saving both time and money because you are guaranteed to get the lowest insurance quote.