Over 150.000 insurance professionals and consumers come to the Insurance Forum every month. Click here to register for FREE


Go Back   Insurance Forums > Insurance Agents and Brokers Forum > Auto Insurance Forum

Reply to Very Happy With My Rates     
Old 01-08-2017, 09:27 PM   #11
Super Genius
 
Join Date: Jan 2017
Posts:77
State: KenP is an Insurance Agent from Florida
Very Happy With My Rates Re: Very Happy With My Rates
I'm in the great state of Florida where the wonderful no-fault laws make auto insurance premiums a nightmare. Even so, cutting comprehensive from $500 to a $50 deductible was negligible in premium cost and made a world of difference to me when I had to file a $1700 vandalism claim

----------

Originally Posted by kellyfrost View Post
I thought the lower deductible on comp or collision would be a large money difference, at least it was with All State. I will check with ANPAC.
Thanks
Collision is virtually always more expensive to reduce than comprehensive because of the average frequency and severity of a collision claim. That said, with the already very low rating factors used for your premium, I can't imagine it'd be very expensive at all. If it costs you, say, $45 a year to reduce the deductible to $50, then a single claim in 10 years already puts you ahead.

That said, if coming up with $500 on a whim for an unexpected accident is no big deal to you, it's understandable to not bother to look into changing the deductible at all
------------------------------------
  Reply With Quote to Very Happy With My Rates
Old 01-10-2017, 12:47 PM   #12
Super Genius
 
Join Date: Jan 2017
Posts:77
State: KenP is an Insurance Agent from Florida
Very Happy With My Rates Re: Very Happy With My Rates
Originally Posted by kellyfrost View Post
I thought the lower deductible on comp or collision would be a large money difference, at least it was with All State. I will check with ANPAC.
Thanks
I'd just take a look at the timeline. If it's a $50 premium difference annually for $450 smaller deductible, you have one claim in 9 years and you're coming out on top.
------------------------------------
  Reply With Quote to Very Happy With My Rates
Old 01-10-2017, 05:05 PM   #13
Guru
VolAgent on Very Happy With My Rates
 
Join Date: May 2009
Posts:12,737
State: VolAgent is an Insurance Agent from Tennessee
VolAgent is a member of 5000 posts Super VIP club
Very Happy With My Rates Re: Very Happy With My Rates
Food for thought...

A $50 deductible is basically going to be begging you to file claims.

------------------------------------
You can pay the premium or you can own the loss.
  Reply With Quote to Very Happy With My Rates
Old 02-01-2017, 02:29 PM   #14
Expert
 
Join Date: May 2016
Posts:29
State: kellyfrost is an Insurance Agent from
Very Happy With My Rates Re: Very Happy With My Rates kellyfrost is the thread starter for: Very Happy With My Rates

Originally Posted by altonroot View Post
you are the lucky guy..
I have never seen a lower price than your policy price.
That is really good to know and makes me feel even better about my premiums!
Are you familiar with American National Insurance Co. ?
------------------------------------
  Reply With Quote to Very Happy With My Rates
Reply to Very Happy With My Rates 

  Insurance Agent Forum > Insurance Forums > Insurance Agents and Brokers Forum > Auto Insurance Forum




Similar Threads with Very Happy With My Rates
Thread Thread Starter Forum Replies Last Post
15 Ways to Keep Clients Happy Brian Anderson General Insurance Agent Discussions 9 02-01-2016 03:18 PM
SC DOI Releases Sample 2015 ACA SC Marketplace Rates Post Quartermaster South Carolina 0 10-20-2014 02:14 PM



All times are GMT -5. The time now is 03:52 AM.

Forum enabled with vBulletin®
Copyright ©2000 - 2017, vBulletin Solutions, Inc.


Join the Forum - It's FREE

Share This Page



Weekly Poll

Whats the biggest selling point for voluntary benefits?