The Best Auto and Homeowners Insurance Rates in Cincinnati Come from Independent Insurance Agents.

Call 513-662-7000 to receive a rate comparison or you can receive an online Cincinnati insurance quote by clicking here.

Why Did I Get a Rate Increase on My Insurance in Cincinnati? 

There isn’t a single insurance company in Cincinnati that could ever guarantee that they would never raise your rates on car or homeowners insurance. The reason why they would never make this promise to you as their policyholder is because they know they are going to raise your premium rates at some point in the future! That is a rock solid guarantee. (If an insurance agent in Cincinnati promises you that they won’t raise your rates, they are misleading you.)

Ok, I Played This Song before I Know I’m Going to Get a Rate Increase on My Insurance in Cincinnati. What Can I Do? 

The first thing that some people do when they get a rate increase on their insurance in Cincinnati is to call their agent and complain about the rate increase. If your agent is a captive insurance agent the only thing they can do in most cases is to recommend that you raise your deductible or eliminate coverage. (Such as going from full coverage to liability only on your car insurance.)

Captive Insurance Agents Cannot Shop around for New Insurance for You. 

A captive insurance agent is legally handcuffed by his insurance company. Even if he wanted to try to find a lower price for you, he is forbidden by his company to shop around for new rates with other companies.* (If an insurance agent is a captive agent and it is discovered that he is selling insurance through other companies that are not authorized they can be terminated by that company.)

You Only Have One Choice If You Get a Rate Increase on Your Insurance in Cincinnati and Your Agent Can’t Shop the Market for You. 

Even if you really like your insurance agent, but he sells insurance through a captive company he cannot shop the market for you. So you either need to pay the higher insurance premium, or you take your business elsewhere. That’s a big disadvantage to you as the insurance buyer.

It takes time and effort to shop around for insurance in Cincinnati. There are more than 500 different insurance companies that sell insurance in Ohio. How long would that take you to get 500 different insurance quotes? Trust me it would not be worth your time.

An Independent Insurance Agency in Cincinnati Can Shop the Market for Their Clients 

If you have your insurance with an independent insurance agency in Cincinnati, they can shop the market for you. While it is true that not all independent insurance agents shop around for their clients when they get a rate increase, our agency guarantees that we will shop around for you when you request a new quote.

*Full Disclosure: Some captive insurance companies allow their agents to sell products through other companies that they do not offer themselves, for instance if the company doesn’t sell health insurance they may allow their agents to sell health insurance through one of their recommended companies.

Captive insurance agents in Cincinnati can only sell insurance policies from one company, why is that a disadvantage to the insurance buyer?

A captive insurance agent is one who can only sell insurance through their primary insurance company.  The reason why that’s a disadvantage is due to the fact that no company will guarantee the lowest insurance rates in Cincinnati on a permanent basis. When a new company lures you in with low insurance rates, over time those rates go up, hence Insurance Rate Creep. ™

All Insurance Companies in Cincinnati Implement Insurance Rate Creep. ™

What is Insurance Rate Creep? ™ 

Insurance Rate Creep ™ is when you switch to a new company and over time, perhaps as soon as six months later, the new insurance company that you just switched to, increases your insurance premium rates.

This is what is SHOCKING: Every insurance company does it, but none will publicly admit it. 

In a new book that will be released later this year Jack Thomas exposes the exact reasons why insurance companies use Insurance Rate Creep ™ as a way to grow their client base and lock in long-term profits for the insurance companies themselves. (Insurance Rate Creep ™ is only a small portion of the inside secrets that will be revealed about the insurance industry from a true industry insider- i.e. information that has never before been publicly made available.)

Independent Insurance Agents in Cincinnati Help Policyholders Avoid Insurance Rate Creep. ™

If you switch to a new company and later when that company begins to raise your rates, only an independent insurance agent can then begin to shop for new rates for their clients.  A captive insurance agent cannot do that because the insurance company they sell for forbids these agents from selling policies for other companies.

In our next article we will discuss this in further detail.

For the best rates on insurance in Cincinnati, purchase your insurance from an independent insurance agent. Call 513-662-7000 or send us an e-mail at jack@pathwayinsurance.net