Shopping vs. Selling: California Auto Insurance
Let me start off by saying this: the best way to purchase your California auto insurance is through a broker. There are a number of different reasons, but I’ll give you the top three. First, a broker is the only one who can offer you a variety of insurance programs to choose from. A broker makes what is termed agreements with a number of insurance carriers. This gives you, the consumer, more choices and better flexibility. This is especially important for those of you who qualify for California high risk car insurance. Second, the broker is employed by you, the consumer, rather than the carriers. The very nature of this employer/employee relationship gives you a competitive edge you would not otherwise have. Once again, important for all, but especially for those who need high risk auto insurance coverage. Third, there are brokers out there who specialize in high risk auto insurance needs, like SR22 insurance. If you have had any experience in shopping for this type of insurance then you know that the second you get the words “SR22 insurance” out of your mouth, the person on the other end usually hangs up (or quotes you a price that causes you to hang up).
Now, just because brokers are the best way to go, doesn’t mean that they are all winners. As with all professions, there are some bad apples out there you need to be aware of. One warning sign is when a broker claims to “shop” over 100 companies. This is meant to trick you into thinking that they sell over 100 companies. There is a big difference there. It does you no good if they can’t sell the insurance companies they “shop” for. In fact, the brokers who claim this are usually the ones who have the least number of agreements. Classic over-compensation.
Another warning sign is if they ask you, “What’s the best price you’ve gotten so far?” Never reveal that information. They should be confident in the competitiveness of their prices and if they’re not, well, something is wrong. The best time to reveal your best price is after they have quoted you. Also, once you’re in the office with them, be aware if they are trying to pressure you. It is something we all sense better over the phone. In person, the clues are subtler and the ways in which they can pressure are also subtler, so keep your guard up. It’s better to be safe than sorry, after all.
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