tomfelock said:on my 3rd year with progressive insurance. year 1 - $356,year 2 - $260, year 3 - $185. Saying this in case one/some of u are looking for an insurance company.
That's a good explanation and example of what an independent insurance agent will do for you. My oldest daughter worked for XXXXX as an office manager for a year. The broker wanted her to become a salesperson, but she declined. She knew there were better rates elsewhere and didn't think it was ethical to take people's money for an overpriced product. Noth, as an independent agent asked for quotes from 15 companies, and I'm sure he'll find the best deal he can for his client. When you walk into Progressive, Geico, State Farm, Allstate, etc...you get one quote from one company. And they won't tell you there's a better deal from somewhere else.Noth said:...I'm an independent broker.. I work for my clients.. not for any insurance co.. that is a very important difference in the distribution chain.... I have contracts with at least 40 different carriers and place business with at least 50 others... placement usually depends on premium but also terms & conditions.. I wouldn't work for a direct writer.. In my case, yesterday I got the word that the premium would be going up by 20% for the property portion of a large coastal client (they own over 145 commercial buildings on the coast) .. by the end of yesterday, I had my submission out to at least 15 other good candidates and had positive input from 2 or 3 of those.. so, the beat goes on.. On the plus side, there is no reason for any one of my clients to leave me as I go to all of the same carriers that my competition does.
TeeMon said:But what is puzzling is this: Why would Progressive give me reasonable premiums for two years and then for no apparent reason increase my premium two fold the third year. No claims and no citations - no reason............clipped......................
And my insurance went up when I went from a 800cc BMW motorcycle to a 400cc scooter. Interestingly, the liability portion for 100/300/50 coverage was only $21 but the uninsured motorist coverage for the same amount was $70. They must have figured my risk of getting run over on a "slow" scooter was riskier than what I would do to someone else.Ascender said:An interesting side note: while all of the above geographic variables are true, the TYPE of bike one has also makes a difference. I had just renewed the policy on my previous bike (a Kawasaki Versys) before picking up my Burgman, and the same coverage for the same engine displacement now costs me 50% of what I had been paying. Apparently at least one insurer sees less risk there... must be because our scoots are just too good-looking.
TeeMon said:But what is puzzling is this: Why would Progressive give me reasonable premiums for two years and then for no apparent reason increase my premium two fold the third year. No claims and no citations - no reason. Yet, Geico comes along (in my case) and offers me lower rates than Progressive was previously offering me before their increase. I am still in the same state, same address?