When searching for the best options for home, business, or car insurance in Bryn Mawr Pennsylvania or the surrounding areas you have come to the right place!
Call 215-646-5633 and speak to an experience agent with Humphries Insurance or use our online quote system, 24 hours per day, by clicking on:
Previously Stan and Vicki found themselves in a bind when an agent named Fast Fingers Eddie did not correctly list all of the claims activity on their record.
Eddie issued a car policy that ended up costing Stan and Vicki $400 more than their previous policy! The new home policy was cancelled by the new company leaving them in a difficult situation!
In addition Stan and Vicki cancelled their previous policies. These could not be reinstated.
Could This Happen To You? Absolutely!
When you are shopping for new car insurance in Bryn Mawr Pennsylvania it’s important to verify that agents or companies properly list all of your claim activity. Otherwise you might be in for a huge surprise later down the road, like Stan and Vicki.
To read about their experience click Car Insurance in Upper Darby.
Mistakes Often Made When Shopping for Auto Insurance Bryn Mawr Pennsylvania
Let’s consider a technique some insurance companies use to gain new customers that can lead to significant rate increases in the future for policyholders.
Frequently insurance companies run a motor vehicle, and CLUE reports to determine claim activity. They also order a credit check to determine what rate to charge.
Some insurance companies are now running reports differently. If your credit score is at a certain level they will not run the CLUE or MVR report!
Why are insurance companies doing this?
There are primarily 2 reasons.
Numerous insurance companies are placing more emphasis on your personal credit rather than your driving habits. They are assuming that if your credit is at a certain level you will be less likely to cost them money.
Trimming expenses is the second reason. If the insurance company doesn’t order your CLUE or MVR report they save the costs associated with running them.
For example if it costs an insurance company $8 for the MVR & CLUE report and they run 10 million quotes each year. If half of the consumers seeking quotes have excellent credit the insurance company would save $40 million dollars!
That’s a enormous amount of money. So for this reason certain insurance companies do not run the reports.
However there is a drawback with this strategy that insurance companies are using that could consequently cost policyholders a significant amount of money. We will examine this in our next article.
Need Better Options for Auto Insurance in Bryn Mawr Pa?
Call Humphries Insurance at 215-646-5633 or use our online quote system by clicking on: