On a regular basis our agency receives requests for car insurance quotes. If you need a insurance quote you can call us at 513-662-7000 or use our convenient online system when you click, get cincinnati car insurance quotes now. 

Sometimes Customers Get Overcharged by Thousands of Dollars!

In some cases as we are preparing the quotes, we find that our prices are thousands of dollars less compared to what the individual is paying right now on their current insurance policy.

Why do policyholders occasionally find themselves in a situation where they are being overcharged, potentially by thousands of dollars on car insurance in Cincinnati?

There are actually a number of reasons why this might happen and we are going to discuss in a series of articles, why policyholders might be getting overcharged by hundreds or even thousands of dollars by their insurance company.

First Reason Why Consumers Get Overcharged on Cincinnati Car Insurance

You are with a high risk insurance company!

Let’s assume a few years ago you developed a bit of a lead foot and you accumulated a number of tickets or you caused a few accidents and you were forced to buy high risk insurance. Let’s also assume that over time you learned your lesson and your driving record improved significantly and now you do not have any tickets or accidents on your record.

It’s true that even a high risk insurance company will lower your rates when tickets and accidents begin to come off your record, what you may not realize is that high risk insurance companies typically charge a larger premium compared to a preferred company. Let me share with you an actual example.

Let’s say that we have a husband and wife in their 40s driving a 2010 Honda Civic + 2004 Honda Pilot SUV. Coverage limits for liability are $100,000 per person and $300,000 per accident, $100,000 property damage. The quote includes full coverage with a $250 deductible for comprehensive and a $500 deductible for collision, plus car rental.

If the husband and wife are with a high risk insurance company because of their past driving history, but now their driving record is spotless. This is what they would be paying with one high risk insurance company:

Cincinnati High Risk Insurance Company- $236.83 per month.

Let’s now take the same couple and offer them a very competitive Cincinnati car insurance quote from a preferred insurance company:

Insurance Rates With a Preferred Company- $70.34 per Month.

In this example it’s more than three times more money to be insured with a high risk insurance company even if your driving record is spotless.

What Is the Moral of the Story?

If you were once with a high risk insurance company because of your driving record and your record has improved, give us a call or use our online car insurance quote comparison system. You will likely save a significant amount of money on your premiums!

Call 513-662-7000 For Extremely Competitive Car Insurance Rates!

Bait And Switch Insurance

Do you feel that an insurance company or agent used bait and switch tactics to earn your business? If so you may not be alone.

Some companies and agents may offer you an insurance quote that is not based on what is truly on your driving record.

If that has happened to you please call 513-662-7000 to receive Insurance Quotes that are 100% accurate, 100% of the time.

How Bait and Switch Tactics Can Cost You Money.

The insurance business is very competitive. With more than 500 insurance companies offering car insurance in the state of Ohio we occasionally run across a situation where either an agent or a company representative will provide an initial car insurance quote that is not accurate based on claims or moving violations on the driving record.

This happened recently to a policyholder of our Cincinnati independent insurance agency.

We received a telephone call from a policyholder that had been insured with our insurance agency for many years stating he was canceling his insurance because he obtained a much better rate though another company selling insurance directly to the public. 

The Bait and the Switch by a Company that Advertises Non Stop on Television.

We asked the policyholder if the new insurance company was aware of the activity on his driving record as it did not appear the rates were accurate  based on his driving record.

He advised me the company was aware of his driving record activity. I wasn’t so certain they were charging him for the activity on his record.

Because there was such a significant difference in price for his car insurance quote I decided to obtain a quote directly from this insurance company using the policyholders information.

What did I discover?

The insurance rate quote he told me he was offered wasn’t even close to what the actual rate would be. In fact the actual price would be nearly 60% more than what they initially quoted him.

In any other business we would call that bait and switch, right? 

How to Avoid Bait and Switch Tactics by Insurance Companies

If someone claims they can save you money on your car insurance make sure they have run your credit, accident and driving record reports before you buy a policy, otherwise you might be the victim of bait and switch insurance.

If a company refuses to run these reports before you buy, don’t buy insurance from them.

Want a quote from an agency that guarantees 100% accuracy on insurance quotes 100% of the time? Click here to begin your online car insurance quote or call 513-662-7000.