What’s The Value of My Car Insurance Agent
It’s that time again, your car insurance premiums are due again. Get your check book out, go online or go to your insurance agent’s office to make your payment.
Do you ask yourself every time you pay your car insurance premium, what the value your insurance agent is to you? You pay a lot of money for your insurance premium, so what are you paying for?
Your car insurance agent cannot snap their finger and lower your premiums, wouldn’t that be nice. Your agent may be able to work with you to make certain adjustments that will then lower your premiums though.
The agent and their staff seem to always be friendly when you call their office, but is there more to it than that? Is friendliness all that you’re paying for…read on.
Your Insurance Agents Value To You
The Agent’s Insurance Knowledge
- Your car insurance agent should be able to explain your car insurance policy in great detail.
- They should know how to handle any car insurance claim from start to completion.
- Whenever possible, you should call your insurance agent before you file a claim.
- A good car insurance agent will be knowledgeable about your entire experience with the insurance company.
- A good agent will also be knowledgeable about one of the most important factors that go into determining your insurance premiums…namely your credit score.
Your Credit Score
- Your credit score is used by the insurance company to determine your insurance premiums. Your agent should work with you on that.
- If your credit score is below 750, you will pay more in premiums.
- Insurance companies use credit reports to evaluate you as a customer.
- Most insurance companies order credit reports when determining your premium.
- You should order your credit reports once a year.
- You can get a free credit report once a year from each of the 3 national credit reporting agencies.
The Agent’s Advice
- Your car insurance agent represents the insurance company and is trained in many aspects of insurance.
- Use you insurance agent as a resource.
- Go to your car insurance agent with any questions you may have.
- Don’t be afraid to ask questions, that’s what the agent is there for.
- If you need a better understanding of credit and credit ratings, ask your insurance agent.
- If the agent or their staff does not know the answers, they should know how to get you the right answer or at least put you in touch with the right person.
- Your car insurance agent’s training includes:
- Insurance coverages, insurance policies, claim procedures, your car insurance premium breakdown.
- The insurance company rating, the insurance company background, the insurance companies complaint history.
- With all that background information, your insurance agent can be a valuable resource for you.
The Agent’s Guidance on Premiums
- Your insurance premiums are determined by many factors.
- All of the factors would seem to have equal importance, but a few do weigh in more heavily when your premiums are determined.
- Your insurance agent can guide you through the premiums.
- Your agent can work on making some policy or deducible adjustments to help you lower your premiums.
- Your insurance premiums are determined by your driving record, your claims history, your age, year, make,model of the car, your credit score, and your location.
- Your credit score, claim history and driving record are the 3 most important factors that determine your premiums.
- Insurance claims, whether large or small are figured into your insurance premiums.
Work with your agent…you may be surprised on how they can be friendly and helpful.
Related Posts:
